Leadership Transition at Amwins: David Lavins Named CFO
Amwins, recognized as a premier distributor of specialty insurance products and services, has announced that David Lavins will take over as Chief Financial Officer from Darin Stafford. Lavins, previously the President of Amwins Access, has played a fundamental role in the success of the division. He is expected to bring valuable insights and strategic vision to his new role.
Achievements and Growth Under Lavins
Lavins has been part of the leadership team at Amwins Access since January 2016. Under his guidance, the division has seen tremendous growth, increasing its revenue from $50 million to an impressive $360 million by 2024. Before assuming the presidency, he excelled as the Chief Operating Officer, showcasing his capability to drive results. Lavins also carries a solid background with 11 years at Ridgemont Equity Partners, where he managed a significant portfolio across multiple sectors.
Scott Purviance's Insights on Lavins
Scott Purviance, the Chief Executive Officer of Amwins, expressed great confidence in Lavins’ abilities. He noted the transformation of Amwins Access into a leading Managing General Agent (MGA) platform for small businesses and personal lines, which currently places $3.0 billion in premium. Purviance emphasized that Lavins’ deep familiarity with the company culture and strategy is essential for steering Amwins towards its ambitious vision.
Looking Ahead: The Role of Darin Stafford
Darin Stafford, who has been in the Chief Financial Officer role since October 2016, will be retiring. As part of a structured succession plan, he will step down effective July 1 and transition to a strategic advisor role. Under his leadership, Amwins saw its revenue swell from $850 million upon his arrival to over $3 billion today, alongside the successful culmination of 26 acquisitions. Purviance commended Stafford’s instrumental role in the firm's growth and continuity.
Nate Mathis Assumes New Leadership
In addition to Lavins’ elevation to CFO, Nate Mathis will take on the role of President of Amwins Access. Mathis has been with Amwins since 2011 and has played a critical part in the company’s mergers and acquisitions strategy. His recent tenure in London, leading a significant independent Lloyd's broker, positions him well to further develop the binding platform for small commercial and personal lines.
Company Overview: Amwins
Amwins stands as the largest independent wholesale distributor of specialty insurance products in the United States. Focused on enhancing the services offered to retail insurance agents, it provides property and casualty solutions, specialty group benefits, and a range of administrative services. Amwins operates from more than 155 offices worldwide, handling premium placements exceeding $39 billion each year, underscoring its critical role in the insurance landscape.
Frequently Asked Questions
Who is the new CFO of Amwins?
David Lavins has been appointed as the new Chief Financial Officer of Amwins.
What changes occurred in Amwins' leadership?
Nate Mathis has become President of Amwins Access, while David Lavins transitions to CFO, succeeding Darin Stafford.
What were Lavins' contributions to Amwins Access?
Lavins significantly grew the revenue of Amwins Access from $50 million to $360 million during his tenure.
What role will Darin Stafford play after retirement?
Darin Stafford will shift to a strategic advisor role after stepping down as CFO.
Where is Amwins headquartered?
Amwins is headquartered in Charlotte, North Carolina, operating globally.
