New CEO named for Amwins’ London specialty distribution unit
New CEO named for Amwins’ London specialty distribution unit | Insurance Business America
Insurance News
New CEO named for Amwins’ London specialty distribution unit
He will lead the firm’s strategy in the City starting January 2025
Insurance News
By
Kenneth Araullo
Amwins has announced that Nick Abraham (pictured above) will take over as chief executive officer of its London-based specialty distribution unit, effective January 1, 2025.
Abraham, who joined Amwins in November 2021, has held a leadership role in the brokerage division. He brings extensive experience from his 17-year tenure at Markel, where he held multiple leadership positions.
Scott Purviance, CEO of Amwins Group, Inc, stated that Abraham has significantly contributed to the brokerage division over the past three years.
“His experience on the carrier side, combined with his wholesale broking knowledge, make him an ideal choice to lead the continued expansion of our London operation,” Purviance said.
Nathan Mathis, who has served in leadership roles in London for the past six years, including three as CEO, will return to the company’s US-based leadership team in Charlotte. He will focus on key growth initiatives moving forward.
Purviance commented that Mathis’ leadership helped establish Amwins Global Risks as the leading independent Lloyd’s broker, representing over $3 billion in placed premium.
In addition to Abraham’s new role, Mark Cody, currently managing director of Amwins Global Risks, will be promoted to president.
Cody, who has been with Amwins for 25 years, will work closely with Abraham, concentrating on recruitment and carrier and syndicate relationships. James Drinkwater will remain as executive chair of Amwins Global Risks.
In other developments, M Steven DeCarlo, executive chair of Amwins, will be honored as the 2024 Insurance Leader of the Year by St. John’s University’s Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science.
The award will be presented at the school’s 29th Annual Insurance Leader of the Year Award Dinner on February 26, 2025, at the New York Marriott Marquis.
DeCarlo, who previously served as CEO of Amwins for 17 years, oversaw the company’s expansion through the merger of several specialty wholesalers. Proceeds from the event will benefit students and programs at the Greenberg School, which is part of The Peter J. Tobin College of Business at St. John’s University.
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