CHARLOTTE, N.C. (Jan. 3, 2018) – AmWINS Group, Inc. (“AmWINS”), a global distributor of specialty insurance products and services, is pleased to announce that it has reached a definitive agreement to acquire Seacoast Brokers, LLC (“Seacoast”), a South Carolina-based personal lines specialty MGA that designs, distributes and services surplus lines homeowners’ business throughout the United States and Trident Claims Management, LLC (“Trident”), a licensed third party claims administrator which manages claims on all Seacoast issued policies. The transaction will close following regulatory approval.
“The addition of Seacoast to our AmWINS Access division significantly increases our personal lines products and services,” said M. Steven DeCarlo, CEO of AmWINS. “Seacoast’s history of offering innovative products and superior customer service mirrors our commitment to providing industry-
leading solutions for our retail clients and carrier partners.”
Seacoast provides homeowners’ products to insurance agents covering residential properties predominantly for secondary, seasonal, vacation and investment use which are located in catastrophe-prone and/or resort-oriented communities. Seacoast partners with A.M. Best ‘A’-rated insurance companies that specialize in catastrophe property products for the personal lines segment of the industry.
“We are excited to join the AmWINS family, and we are looking forward to expanding our geographic footprint by offering our products, services and technology solutions to AmWINS’ retail clients across the U.S.,” said Brian Hover, President of Seacoast. “Our clients will now have access to all of AmWINS products, including its proprietary product offerings. Our employees will also benefit from the stability and support that comes with joining such an established and respected team.”
