AmWINS Group completes acquisition of THB

LONDON: 24 January 2012 - Following AmWINS Group's announcement to the London Stock Exchange on 14 November 2011 recommending a proposal for the acquisition of THB Group plc, the terms of the acquisition have today been completed. Accordingly the London Stock Exchange has issued a Notice of Cancellation in respect of the de-listing of THB Group's shares from AIM.

The acquisition was completed under the terms specified in the Scheme Document dated 6 December 2011.

Frank Murphy, chief executive of THB Group, said: "This is an exciting milestone in THB's history and we are delighted and proud to be part of the AmWINS family. A lot of work remains to be done and we look forward to working with AmWINS for the near and long-term future. This is just the beginning of a very exciting journey for all of us."

Steve DeCarlo, CEO of AmWINS Group, Inc. said: "We have held THB and its management team in high regard for many years and I am delighted to welcome them formally into the AmWINS family where we will use our combined product expertise, capabilities and relationships to better serve our business partners and become a global insurance leader."

As well as remaining Chief Executive of THB Group, Frank Murphy now becomes CEO of the AmWINS International Division.




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