AmWINS acquires Gresham & Associates
by Richard Kilner
Story link: AmWINS acquires Gresham & Associates
AmWINS Group, Inc. has announced that it has completed the acquisition of Gresham & Associates, Inc.
Gresham & Associates was founded by Jim Gresham in 1979, and has grown to become one of the largest managing general agents (MGA) and wholesale brokerages in the United States.
Last year Gresham & Associates placed $340m in premium, and its acquisition means that AmWINS will now place over $7.5bn in annual premiums.
Following the acquisition AmWINS operates in 18 countries and employs more than 2,800 staff.
Tony Gresham, the president of Gresham & Associates, will take on the additional role of chief executive officer of Gresham & Associates, with Jim Gresham retaining his position as chairman.