AmWINS is one of the largest wholesale brokers of insurance for commercial and residential real estate risks.Contact Us
Placing more than $1.7 billion of real estate-related premium annually has made AmWINS one of the largest wholesale real estate insurance brokers in the U.S. We’ve accomplished this by forming strategic partnerships with leading wholesaler insurers who specialize in placing coverage that’s not always available in the standard lines market, helping our retail agents and brokers better serve the needs of their residential and commercial real estate clients.
These include property owners, managers and developers, real estate investment trusts (REITs), financial institutions, private equity firms, asset managers/fund managers, condominium and homeowners associations, contractors and builders. We offer key coverages and products related to real estate risks that include property, crime, and management and professional liability.
As a company, we have built specialized solutions for unique problems, and our real estate practice uses the expertise of our London-based colleagues at THB Group to market on behalf of our U.S. retail clients. This gives our retail partners the assurance that we are using the full resources within the AmWINS organization to solve their clients’ problems.
As the market for habitational casualty insurance continues to harden, both primary and excess carriers are being more selective, raising prices and attachment points, and are increasingly unwilling to consider risks with claim-frequency issues. Given these conditions, insureds can potentially reduce their claims expenses by moving from a deductible to a self-insured retention (SIR) program. This article explains how an SIR works, the types of insureds that can benefit from taking control of their claims management, and the benefit of partnering with a TPA to handle the administrative component.
When a company suffers a loss to a fixed physical asset, such as when a fire damages a building, the insured may incur an interruption to their business which can result in the loss of income and the incurrence of expenses. This article examines how Business Income and Rental Value Income losses in a Property policy may treat depreciation after the damage or destruction of a fixed physical asset, numerous factors that impact the treatment, and how to mitigate claim disputes.
The state of the casualty market for real estate and habitational risks differs by the type of exposure. While desirable risks are seeing rate reductions, crime-related losses have caused many carriers to tighten acceptability guidelines, and shrinking profit margins have caused carriers in the habitational market to exit the space. Learn more in our State of the Real Estate Market report.
The pace of hardening continues to accelerate in every segment of the property market, creating challenges for both retailers and buyers. Adverse loss development is driving the acceleration, and underwriters and management are under pressure to return their books to profitability. As a result, in addition to increased rates, clients can expect increased deductibles, lower limits, and close review of policy forms. While the market remains well capitalized, carriers are applying a level of underwriting discipline not seen in the recent years.
After years of an entrenched soft market, the pendulum is swinging back to a focus on profitability. As we head into the second quarter, buyers and brokers alike will see the differences in rates, limits, terms, and conditions across many classes of casualty coverage.
Multi-family real estate insurance has become a difficult class to place - many markets have either exited the space or tightened their guidelines. Here are three ways that you can help present risks in the best possible light for underwriters.