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  • Writer's pictureBrendan Kelly

AM Specialty Insurance Group Ranks on the 2023 Inc. 5000 Fastest-Growing Private Companies


AM Specialty Insurance Group Ranks on the 2023 Inc 5000 Fastest-Growing Private Companies

DALLAS TX, August 15, 2023 – Inc. revealed today that AM Holding Company, also known as AM Specialty Insurance Group, has ranked on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.


"Earning a position on the Inc. 5000 for the third time is a testament to the hard work and dedication of our team. We've always been committed to innovation and excellence, and this recognition reaffirms our approach and the trust our partners place in us," stated Shevawn Barder, CEO of AM Holding Company.


The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.


For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.


“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”


AM Specialty Insurance Group’s mission is to consistently add value to partners, provide meaningful capacity, customized coverage, and superior service. The company utilizes vast experience and long-standing relationships in the (re)insurance industry to fortify a predictable and sustainable business model based on underwriting discipline, sound risk selection, and conservative pricing/terms.


More about Inc. and the Inc. 5000:

Methodology

Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.

About Inc.

Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.


About AM Specialty Insurance Group

AM Specialty Insurance Group is comprised of AM Specialty Insurance Company, AM RE Syndicate, and AM Star Claims. AM Specialty Insurance Company (ASIC) is an AM Best A- rated Excess and Surplus Insurance Company and an Accredited Reinsurer. ASIC's business model allows for risk-sharing and access to reinsurance capacity for its partners. AM RE Syndicate creates efficient risk transfer between best-in-class primary MGAs and institutional investors to provide investment opportunities outside of the natural catastrophe space for a diversified and predictable return. AM Star Claims is an attorney-led management company that provides Claims Management & Litigation Consultancy, Underwriting Review, and Operational Oversight & Review services for insurance providers in the specialty market.

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