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A deal would mark Amwins’ second LatAm sale, after Lockton acquired THB Brazil last May. -
The agency will keep the review open until the company’s sale completes.
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The business – which writes professional liability, excess casualty and property - was marketed by investment bank RBC.
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The international co-head singled out the US and Asia as growth zones.
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The CEO said the firm’s future US operation will not be run by ‘Englishmen in raincoats’.
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Both businesses are led by former Universal Insurance Holdings CEO Bradley Meier.
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The acquisition allows AM Specialty to expand its E&S offerings.
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The Canadian PE house is delaying close and seeking to renegotiate aspects of the deal.
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Morgan Stanley has been retained to assist with the disposal of the 30% stake.
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Evercore was retained earlier in the year, and sponsors had expected a transaction in 2024.
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Former Teneo M&A head Alexander Schnieders will lead the unit.
