Charlotte-based Insurance Broker Raises $6.7 Million in Private Offering

9/18/18

By Samantha Schisler, NC Biz News

American Wholesale Insurance Holding Co. LLC, which operates as AmWINS Group, has raised $6.7 million by selling stock in a private equity offering, according to a filing with the Securities and Exchange Commission.

The Charlotte-based insurance broker filed the Form D on Tuesday. It did not disclose what it intended to do with the proceeds.

In July, the company raised another $10.1 million by selling stock to 245 investors in a private equity offering. It did not disclose what it intended to do with the proceeds in the Form D filing.

The company was founded in 1998 with its headquarters in Charlotte. It has expanded worldwide with offices in locations such as Argentina, Brazil and the United Kingdom.

The company is a global specialty insurance distributor with expertise in property, casualty, professional lines and specialty group benefit products.

Scott Purviance became the CEO of AmWINS in May after serving as the chief financial officer for almost 17 years. Purviance took the additional role of the chief operating officer in April 2012.

The company has over 4,200 employees across 100 locations in 30 states and 12 countries.

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