AmWINS Group Inc. and Colemont Insurance Brokers announced that the two companies will be combined to form a specialty insurance distributor. The combined companies would place more than $4.8 billion in annual premiums, and have more than 1,800 employees in 16 countries worldwide. Terms of the transaction were not disclosed.

The combined firm will be led by Steve DeCarlo, CEO; Skip Cooper, president; James Drinkwater, president, U.S. brokerage division; Sam Fleet, president, group benefits division; Michael Lapeyrouse, underwriting division leader and president, The American Equity Underwriters Inc.; and Surinder Beerh, CEO, Colemont Global Group.

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