AmWins acquires Partners Specialty

US wholesale broking giant AmWins has struck a deal to buy
Partners Specialty Group, the companies said today.
Partners Specialty, a network of wholesale brokers headquartered
in Pennsylvania, placed around $500mn of gross premiums in 2016,
making it one of the bigger wholesalers in an increasingly
consolidated space.
The business was entirely owned by founding CEO Dan McDonnell
and other staff, with no institutional ownership.
The financial terms of the transaction were not disclosed.
Partners