Amwins Appoints Lee Spurrier to Enhance Trade Credit Insurance
Amwins has appointed Lee Spurrier to lead the development of its trade credit capabilities, enhancing Amwins Program Underwriters' offerings within its underwriting division.
With a career spanning over 25 years in trade credit insurance, Spurrier brings a wealth of experience from his previous role as Chief Commercial Officer at Coface North America. There, he oversaw the company's revenue and profitability, focusing on distribution and product development across the U.S., Canada, and Mexico. His career also includes managing a trade credit portfolio as a general agency partner for Coface, refining operational strategies, and expanding business efforts. Jon Beckham, President of Amwins Program Underwriters, highlighted Spurrier's expertise in underwriting and distribution, emphasizing how it will bolster Amwins' specialized solutions in this sector.
Strategic Investment in Credit Insurance
This strategic appointment aligns with Amwins Underwriting's commitment to expanding its credit insurance capabilities. This follows the inclusion of Applied Risk Capital into the division earlier this year, indicating a clear path toward innovation and growth. Amwins aims to offer comprehensive credit insurance products, covering both trade and non-trade transactions, complemented by proprietary solutions for clients and broker partners. Spurrier’s focus will be on developing scalable underwriting platforms and solutions to address the complexities of trade credit risks for corporations and their financial partners.
Amwins' Expansive Operations
Amwins Program Underwriters operates as a managing general agency, providing specialty market property and casualty coverage for over 40 years. The agency currently manages more than 40 programs, generating upwards of $700 million in premiums. Founded in Charlotte, North Carolina, Amwins stands as a leading independent wholesale distributor of diversified insurance products, catering to retail insurance agents with property and casualty products, specialty benefits, and administrative services. Globally, Amwins operates through more than 138 offices, placing over $49 billion in premiums annually.
Key Facts About Amwins' Expansion
- Over 25 years of trade credit experience brought by Lee Spurrier.
- Focus on developing scalable underwriting solutions.
- Amwins manages 40 programs, generating $700 million in premiums.
- Serves insurance agents with property, casualty, and specialty benefits.
- Global presence with 138 offices, placing $49 billion in premiums annually.