AmWINS Acquires Seacoast Brokers and Affiliated Entities

TigerRisk Capital Markets & Advisory acted as financial advisor to Seacoast and its owners

Transaction Overview

On 1/31/18, AmWINS acquired Seacoast Brokers and Trident Claims

  • Terms of the transaction were not disclosed

Seacoast will join AmWINS’ Access division focused on small commercial and personal lines

  • Provides extensive market access combined with tailored underwriting and leading technology
  • Will expand AmWINS Access’ personal lines products and services
  • Seacoast to have access to all AmWINS products and retail clients upon joining AmWINS family

Seacoast Brokers, a subsidiary of DBH Global, Inc., is a personal lines specialty MGA

  • Formed in 2001 and based in Hilton Head Island, South Carolina
  • Offers coverage predominantly for secondary, seasonal, vacation, and rental properties
    • Properties located in CAT exposed and/or resort-oriented communities around the country
  • Products distributed through a broad network of independent agents
  • Offers both CAT and non-CAT products through a panel of A.M Best ‘A-’ rated or better carriers

Trident Claims Management is Seacoast Brokers’ affiliated third-party claims administrator

  • Formed in 2011 and manages all claims policies issued by Seacoast Brokers

AmWINS is the largest wholesale distributor of specialty insurance products in the United States

  • Based in Charlotte, NC and handles premiums in excess of $14 billion dollars annually
  • Offers P&C and specialty group products as well as administrative services

TigerRisk Capital Markets & Advisory Role

TCMA acted as financial advisor to DBH; key transaction steps led by TCMA include:

  • Assistance in initial and ongoing valuation analysis
  • Leading a broad auction process and introducing the counterparties
  • Offering key insight around key transaction terms and conditions
  • Assistance to DBH in negotiation of final transaction terms
  • Assisting to achieve a premium valuation for all acquired entities
  • Providing objective advice and acting as a confidant to the seller group throughout the process