Amwins expands transportation offering with trucking insurance acquisition
Amwins, a global distributor of specialty insurance products and services, has acquired National Truck Underwriting Managers (NTUM), a truck insurance wholesaler offering access to primary liability, physical damage and motor truck cargo package policies.
NTUM joins Amwins’ underwriting division, complementing the services of Amwins Transportation Underwriters and working in partnership with the trucking industry specialists working in its brokerage division.
NTUM can write coverage in 46 US states. It focuses on accounts of 1-300 power units with the additional capability and access to cover larger fleets. Amwins noted NTUM’s location in Minnesota expands its geographic footprint.
Scott Purviance, chief executive officer at Amwins, said the partnership gives it the opportunity to enhance and diversify its delegated underwriting capabilities and transportation offerings. “NTUM is the gold standard in service and expertise and we are proud to welcome Jim Jr., Justin, Jim III and the rest of their team to the firm,” he added.
Jim Joyce Jr, president of NTUM, said the deal expands its resources for both employees and clients. “We look forward to continuing to serve our agents, producers and markets while offering the best possible quotes on qualified accounts and delivering superior service,” he said.