Amwins, a global distributor of specialty insurance products and services, announced the acquisition of National Truck Underwriting Managers Inc. (NTUM), a truck insurance wholesaler offering access to primary liability, physical damage and motor truck cargo package policies.
“This partnership provides us with the opportunity to enhance and diversify our delegated underwriting capabilities and transportation offerings,” says Amwins CEO Scott M. Purviance. “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.”
NTUM will join Amwins’ Underwriting Division, complementing the services of Amwins Transportation Underwriters and working in conjunction with trucking industry specialists within the firm’s Brokerage division.
Terms of the transaction were not disclosed.
With an ability to write coverage in 46 of the continental United States, NTUM focuses on accounts of 1-300 power units with the additional capability and access to cover larger fleets. Additionally, NTUM's location in Minnesota further expands Amwins' geographic footprint, the company says.
“As part of the Amwins family, we have the opportunity to expand our resources for both our employees and our clients,” says NTUM President Jim Joyce Jr. “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.”