Amwins has completed its acquisition of specialist energy and infrastructure broker NARDAC, taking full ownership of the business and integrating it into a newly rebranded energy, power and infrastructure practice as it looks to expand its position in a rapidly evolving market.

The transaction sees Amwins acquire the remaining privately held shares in NARDAC, after initially taking a stake in 2020. Financial terms of the deal were not disclosed.

NARDAC’s wholesale, reinsurance and underwriting capabilities will now be incorporated into Amwins’ existing energy operations, which will operate under the name Amwins Energy, Power and Infrastructure. The combined practice spans brokerage, global risks and underwriting divisions, placing more than $1 billion in annual premium.

Broader platform for converging risks

According to Amwins, the expanded platform is designed to provide retail brokers and their clients with a unified solution to address risks across traditional energy, emerging power technologies, renewables and infrastructure.

NARDAC’s specialist offerings including community solar, battery energy storage systems (BESS) and severe convective storm cover will remain central to the platform and are expected to act as a key differentiator.

Leadership of the rebranded practice will be shared by Ben Abernathy, Rob Battenfield and Jatin Sharma, who will continue managing their respective teams and portfolios.

“As the needs of the market have evolved, we are excited to add NARDAC’s expertise to our practice, creating more options for our retail partners to access world-class solutions,” said Battenfield, executive vice president at Amwins Brokerage and co-leader of the energy, power and infrastructure practice. “Formalizing this structure into a broad global offering that serves a significant portion of the energy and infrastructure markets will cement Amwins as a key wholesale partner for retail brokers and underwriters.”

Energy transition and digital demand reshape risk

The move comes as Amwins positions itself around the convergence of energy transition and digital infrastructure growth, including rising demand linked to data centers and AI-driven power consumption.

“Power generation, storage, transmission and AI infrastructure are increasingly interconnected,” said Sharma, executive vice president at Amwins Brokerage and co-leader of the practice. “Molecules and electrons now shape converged risks across the energy transition and the digital transformation of global economies.”

The company noted that risks are increasingly crossing traditional product lines, with projects often combining renewables, storage, construction complexity and data-related exposures within a single placement.

In this environment, intermediaries with specialist expertise, analytics and engineering capabilities are becoming more critical in helping carriers assess and support new risk structures.

Strengthening specialty infrastructure capabilities

Sam Baig, president of Amwins Brokerage, said the integration enhances the firm’s ability to support complex infrastructure and renewable energy risks.

“Amwins’ power and energy offering provides a broad, specialized platform for placement across traditional and new converged assets,” Baig said. “With the complete integration of NARDAC into the practice, we are furthering our presence as a leading provider of innovative specialty risk transfer in infrastructure and renewable energy.”

The practice will operate across the United States and from Amwins Global Risks’ London office, giving the firm a transatlantic footprint in a segment where access to global capacity and London market expertise is increasingly important.

Market backdrop and consolidation trend

Capacity in renewable and power-related classes has fluctuated in recent years as insurers reassess catastrophe exposure, construction losses and severe weather risks. At the same time, demand for coverage has grown alongside investment in grid modernization, storage and energy transition projects.

Against this backdrop, wholesalers capable of aggregating capacity across US and London markets and structuring complex solutions—such as layered, quota share and parametric programs—are playing an increasingly important role.

The deal also reflects wider consolidation across specialist intermediaries, as brokers and wholesalers seek to deepen expertise and expand into high-growth segments like renewables and infrastructure.

With full ownership of NARDAC and the formal launch of its expanded practice, Amwins is positioning itself as a long-term player in the energy and infrastructure space, with a focus on navigating emerging risks and securing stable capacity in a shifting market.