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AmWINS acquires ASIM, Excel, Oakwood

Established in 1990, ASIM is an independent managing general agent for non-standard automobile insurance in Texas.

Furthermore, through Statewide Claims Service, ASIM’s in-house claims and appraisals division will be able to serve as an independent third party claims administrator to ensure an efficient, fair and proper claims experience.

Concurrent with the acquisition of ASIM; Excel and Oakwood were also purchased by AmWINS. Excel is also a non-standard automobile managing general agency servicing independent agents of Texas.

Oakwood is a technology company that provides a complete policy and claim administrations system to automobile insurance companies, managing general agencies and independent agents.

With the purchase of Oakwood and the OSIS system, AmWINS has acquired a technology platform for the automobile insurance sector.

ASIM will continue to be led by Jim Whited and Debra Williams. Oakwood will continue to be led by Doug Hite and David Scruggs, with David also maintaining responsibility for the Excel business.

AmWINS subsidiary Newport General Agency which specializes in non-standard auto insurance, will continue to be led by Dennis DiCapua.

AmWINS CEO Steven DeCarlo said the acquisition of these companies further diversifies our revenue stream and expands our product capabilities and expertise.

ASIM chairman Jim Whited said said that the acquisition of these companies further diversifies the revenue stream and expands the product capabilities and expertise.

Terms of the transaction were not disclosed.