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Amwins buys MGA

Specialty broker Amwins said Thursday it has acquired managing general agent Applied Risk Capital.

Terms of the deal were not disclosed.

ARC specializes in credit insurance for banks, funds and institutional investors active in non-investment grade risks in the leveraged finance market. It will join Amwins Underwriting.

Founded in 2019, ARC shows 15 employees on its website.

Charlotte, North Carolina-based Amwins has about 140 offices globally and premium placements in excess of $44.5 billion annually.