Texas-based AM Specialty Insurance Group, through its holding company AM Holding Company, has acquired national program manager, general agency management, and surplus lines brokerage Pinpoint Insurance Solutions for an undisclosed sum.

This swoop coincides with the establishment of Pinpoint UK in London, marking AM Specialty’s expansion into the excess and surplus insurance sector in both the US and Britain.

Brad J. Seckinger, who founded MGA in 2021, will remain at the helm of the company as president of Pinpoint US.

Meanwhile, Darren Powell is set to lead the UK underwriting platform as Head of Underwriting at Pinpoint UK from September 2024. In addition, Sean Bachman will oversee the operations of the London-based entity.

“This acquisition represents an important step forward for us in strengthening our specialist insurance offering,” AM Holding Company CEO Shevon Barder (pictured) announced. “Pinpoint’s expertise complements our strategic vision, allowing us to expand our reach and deepen our capabilities in key niche markets.”

Under the AM Specialty umbrella, Pinpoint will have access to the Group’s robust infrastructure and resources, which are essential for scaling up surplus line specialists’ solutions.

“We are thrilled to join AM Specialty Insurance Group,” Sickinger commented. “This partnership represents a significant milestone in our journey, aligning our innovative approaches with a company with a strong reputation in specialty insurance markets. Together, we will drive greater innovation and value for our clients.” “

Meanwhile, Powell said: “AM Specialty’s fantastic technology, wealth of data and strong entrepreneurial drive combine powerfully with Pinpoint’s client solutions. I’m very excited to be leading the UK expansion at this important stage in the business’s evolution.”

Pinpoint joins other subsidiaries AM Specialty Insurance Company, AM Star Claims and AM RE Syndicate.

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