Announced
Financials
Sources
Tags
ancillary services
Acquisition
Pending
United States
Private
medical benefits
Insurance Brokers
insurance brokerage services
Single Bidder
Synopsis
AmWINS Group, a global distributor of specialty insurance products and services acquires LISI, a California-based general agent (GA) specializing in medical and ancillary benefits, as well as CoPower, a third-party administrator focused on providing consolidated administration in the ancillary space. Financial terms were not disclosed. The acquisition of LISI and CoPower further reinforces AmWINS’ strategy and successful model of providing specialized products and diverse capabilities centered on insurance distribution and services, with a focus on delivering innovative solutions to its clients. “The new partnership will generate greater value and opportunity for brokers, insurers, and clients. It also positions us to expand our reach with AmWINS’ broad distribution platform and geographic footprint.” Phil Lebherz, LISI Chairman.
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