The partnership further consolidates commercial real estate brokerage capabilities.
Charlotte, North Carolina, November 30, 2022 /PRNewswire/ — Amwins, a global distributor of specialty insurance products and services, today announced the acquisition of the wholesale business of Arena Special Risks from commercial real estate and retail insurer Franklin Street.
“This partnership highlights the range of capabilities and products offered by our Amwins Real Estate business. Our ability to handle challenging catastrophic exposure accounts is a key driver of the partnership, and our strategic market relationships continue to contribute to our retailers bring the best available solutions to their insureds,” said Jeff McNuttPresident of Amwins Brokerage.
“The sale of Arena to Amwins will allow Franklin Street Insurance Services to focus on our core business of being a retail insurance broker for the real estate industry, while also expanding our portfolio through the wholesale market,” said rob allenpresident of Franklin Street Insurance Company.
An Wenhe Franklin Street A long-term relationship has been established, with both parties recognizing the exciting growth opportunities that exist in the future development of this wholesale real estate business.
“This is a win-win for all parties. The product and high level of service provided by Amwins will only enhance the resources of this collaborative team,” said Andrew Kiernan, President of Arena Special Risks, LLC. “We would like to thank everyone on hand for making this a successful venture: all of our valued agents, our underwriters houston And beyond, an arena team that has performed well in a tough market, and our support Franklin Street colleague. ”
With the largest specialist insurance distribution platform in the industry, Amwins Brokerage serves retailers through continuous collaboration, sharing knowledge and solutions across teams and departments.
Anvins is the largest independent wholesale distributor of specialty insurance products in the United States, dedicated to serving retail insurance agents by providing property and casualty products, professional group benefit products, and administrative services.Headquartered in Charlotte, North Carolinawith more than 155 offices worldwide, the company handles more than $29 billion Per year.To learn more, please visit amwins.com.
about Franklin Street:
Founded in 2006 in one of the toughest real estate climates, Franklin Street Focus on providing value-added solutions to meet customers’ changing needs. Through a collaborative philosophy that leverages the resources, expertise and experience of each of its lines of business, Franklin Street It has grown to include seven business units – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management.witty $7 billion Transaction value for all major product types, Franklin Street To provide clients with unrivaled value and optimal solutions throughout the entire life cycle of real estate assets.Headquartered in Tampa, FL, the firm has offices in a growing number of the nation’s top metropolitan areas and works with owners and occupiers of commercial real estate nationwide.learn more about Franklin Street exist Franklin Street.
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