Some news from the US market;
AM Best has assigned a Performance Assessment of PA-1 (Exceptional) to a group of seven affiliates of the Amwins Group (Amwins). These affiliate companies are assessed on a consolidated basis under Amwins and domiciled in Charlotte, NC. The outlook assigned to this Performance Assessment (assessment) is stable.
This assessment reflects Amwins’ exceptional underwriting capabilities, exceptional governance and internal controls, excellent financial condition, exceptional organizational talent, and exceptional depth and breadth of relationships.
In AM Best’s view, these seven affiliated companies exhibit a number of common traits and are regarded as strategically and financially important to Amwins’ ability to provide specialty insurance liability and property product distribution throughout the United States.
The delegated underwriting authority enterprise (DUAE) entities within Amwins have a track record of exceptional underwriting performance with generally low loss ratios and profitable business across each operating entity. The size and scope of these DUAEs allows them to employ underwriters across multiple locations within their geographic footprint, resulting in greater control and efficiency. Amwins’ underwriting technology solutions are developed to satisfy unique risk level data attribution and pricing across its diverse property and casualty focused programs.