Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program manager, has acquired Strategic Underwriting Solutions LLC (SUS), a full service medical stop-loss focused managing general underwriter based in Green Bay, Wisconsin.
The acquisition marks Worldwide Facilities’ move into the Life & Health space, diversifying their current extensive property and casualty offerings.
SUS, founded in 2006, is entrusted with full underwriting authority for medical stop-loss insurance for high quality insurance and reinsurance markets. In addition to its underwriting capabilities, SUS offers program risk management and product development services to its consulting clients. It operates in 42 states.
Marsh, Berry & Company, Inc. served as a financial advisor to Worldwide Facilities in this transaction.
Dowling Hales served as an advisor to Strategic Underwriting Solutions.
Source: Worldwide Facilities
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