American Wholesale Insurance Group Completes Strategic Acquisition of Web TPA.CHARLOTTE, N.C. -- American Wholesale Insurance Group (AmWINS), the nation's second largest wholesale insurance broker, announced today that it has completed the acquisition of Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to based Web TPA (Transient Program Area) See transient area. TPA - Transient Program Area , Inc., a leading third party insurance administrator focused on improving the administration process for self-funded employers and insurance companies. "The addition of Web TPA is in keeping with our overall strategy to provide increased product offerings and expertise to our retail agency customers," said Steven DeCarlo, AmWINS President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. that exists between Web TPA and National Employee Benefit Companies (NEBCO), an AmWINS company, will result in new product offerings and increased customer service to a larger client base." "We are pleased and excited to be joining the AmWINS family," said Web TPA President & CEO Mike McCabe. "Becoming part of American Wholesale will benefit Web TPA, its employees and customers immeasurably im·meas·ur·a·ble adj. 1. Impossible to measure. See Synonyms at incalculable. 2. Vast; limitless. im·meas ." "Bringing Web TPA into American Wholesale is significant," said Samuel Fleet, President of AmWINS Group Benefits Division. "Web TPA's services and community based health plan products complement NEBCO's existing offerings and provide a platform for us to build new and innovative products around. What makes the acquisition so logical is that Web TPA has the best proprietary claims-paying platform in the industry and, like NEBCO, is known for its excellent customer service." WEB-TPA's proprietary iii:PUTTM system allows each client to have a HIPAA-compliant private label offering, flexible benefit plan design and selection of third party vendors, such as networks and pharmacies. About American Wholesale Insurance Group AmWINS (www.amwins.com) is a wholesale insurance organization dedicated to serving retail agents throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. by providing property and casualty, group life and health, program administration, and actuarial ac·tu·ar·y n. pl. ac·tu·ar·ies A statistician who computes insurance risks and premiums. [Latin service capabilities. The company handles total premium placements of over $2.4 billion ranking as the second largest wholesale insurance broker in the United States by Business Insurance magazine. |
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