Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired the assets of Draco Insurance Solutions Inc., a Boston, Mass.-based program manager specializing in the public transportation sector.
The Draco team, led by Executive Vice President Scott Stevens, has underwriting expertise in the primary transportation space with a particular emphasis on the public auto sector.
The expansion of Worldwide Facilities’ transportation and program underwriting capabilities are part of its overall growth strategy, Worldwide Facilities CEO Davis Moore said in a company press release.
Source: Worldwide Facilities
Was this article valuable?
Here are more articles you may enjoy.
Florida, Louisiana Insurer Safepoint Reveals 97% Revenue Surge in IPO filing 
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices 
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
Brown & Brown Wins Temporary Injunction Against Howden 
