Transaction Overview
On 1/31/18, AmWINS announced it would acquire Seacoast Brokers and Trident Claims
- Terms of the transaction were not disclosed
Seacoast joined AmWINS’ Access division focused on small commercial and personal lines
- Provided extensive market access combined with tailored underwriting and leading technology
- Expanded AmWINS Access’ personal lines products and services
- Seacoast gained 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(a)
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(a)
- Based in Charlotte, NC and handles premiums in excess of $14 billion dollars annually(a)
- 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:
- Assisting 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