Scott Purviance, CEO, Amwins
Wholesale distributor Amwins’ purchase of Worldwide Facilities brings its total to 52 acquisitions.
Amwins is the largest wholesale distributor of specialty insurance products and services in the US. In April, it completed its latest acquisition—of Worldwide Facilities, the country’s fourth-largest wholesale broker—bringing its total over the last two decades to 52.
It’s unlikely to be the last—the company continues to grow under Scott Purviance, who has been with the company for two decades. He took over as chief executive officer three years ago, and in that time, revenue has almost doubled from $1 billion to $1.8 to $1.9 billion. Already, the company operates more than 125 offices globally and handles premium placements of over $22 billion annually.
To discuss the recent acquisition and Amwins’ plans, Purviance joined the latest session of Intelligent Insurer’s Re/insurance Lounge, the online, on-demand platform for interviews and panel discussions with the market’s leading players.
Trying for size
For Purviance, the key to a successful acquisition is a close cultural fit.
Amwins, Specialty Insurance, Reinsurance, Insurance, Scott Purviance, North America