Taylor Wessing advises Colemont in AmWins merger
Leading law firm Taylor Wessing has acted for international insurance and reinsurance brokerage company Colemont Corporation in connection with the merger of Colemont Global Group with American Wholesale Insurance Holding Company, LLC (AmWINS).
Following the deal, announced this week, the two companies will form the leading speciality insurance distributor, placing over $4.8 billion in annual premiums with over 1,800 employees in 16 countries worldwide. Surinder Beerh, CEO of Colemont Global, will now lead AmWINS' international division, which will continue to operate as Colemont Global Group.
Surinder Beerh comments:
"AmWINS clearly recognises and appreciates the progress that we have made over the last 5 years in building a premier worldwide insurance brokerage network. Partnering with AmWINS is an exciting next step in the development of Colemont Global Group and the expansion of our international strategy.
Taylor Wessing, who have acted for Colemont from the outset, played an important role in bringing this deal to a successful conclusion. They did an excellent job and we look forward to working with them in the future.
The Taylor Wessing team was led by partners Andrew Granger (Employment), Jonathan Rogers (Financial Institutions and Markets) and Peter Kempe (Corporate) with senior associate Glenda O'Hara (Corporate) and trainee Felicity Bruno (Employment).
Andrew Granger adds:
"Colemont are longstanding and important clients of the firm. We have seen them grow rapidly and were delighted to advise Colemont on the UK aspects of this exciting merger with AmWins, particularly given its strategic significance and its potential to help them reach new customers and expand further into new territories."
Ends
Lawyers Andrew Granger, Peter Kempe, Glenda O'Hara, Jonathan Rogers
Notes to editors
For more information please contact Helen Needham at Taylor Wessing:
Tel: +44 (0)20 7300 4156
Taylor Wessing LLP is a leading law firm providing support for commercial organisations doing business in Europe, the Middle East and China.
About AmWINS Group, Inc.
AmWINS Group, Inc. is the second largest wholesale distributor of specialty insurance products in the United States, dedicated to serving retail insurance agents by providing property and casualty products, group insurance programs and administrative services. Based in Charlotte, NC, the company operates through more than 45 offices across the United States and handles premium placements in excess of $3.5 billion dollars annually. To learn more, visit www.amwins.com.
About Colemont Insurance Brokers
Colemont Insurance Brokers is ranked among the largest specialty insurance brokers in the United States. Founded in 1992, the company is home to 700 insurance professionals across the globe, who together placed over $1.3 billion in gross premium last year. With access to hundreds of specialty lines, markets, and programs, as well as in-house underwriting facilities, Colemont's brokers and underwriters are highly experienced at placing property, casualty, transportation, or financial services risks. To learn more, visit www.colemont.com.
About Colemont Global Group
Colemont Global Group was established in 2005 and has from the outset been led by Surinder Beerh, formerly the managing director of Heath Lambert's overseas division. Colemont Global Group has grown rapidly in both turnover and in its international reach and it is now a UK major UK and international brand in the insurance broking world.
