National wholesale brokerage, managing general agent and program underwriter Worldwide Facilities has announced a restructuring that reorganizes operations into three divisions: Worldwide Brokerage, Worldwide MGA, and Worldwide Programs.
The move is in response to the Los Angeles-based firm’s fast growth from $550 million in gross written premium three years ago to about $1.5 billion in premium today.
As part of the restructuring, Eric Stuckman has been promoted to president of Worldwide Brokerage, and Hank Haldeman has taken on the role of president of Worldwide Programs.
Emily Flores, Gary Kitchen, Gil Hine and Amicia Hine will continue to lead the national MGA strategy, according to the announcement.
Stuckman has been with the company for a decade in wholesale brokerage positions, most recently heading the Los Angeles production office as well as the company’s market relationship activities.
Haldeman joined Worldwide Facilities in April when the company acquired The Sullivan Group. He joined as senior executive vice president and assumed corporate responsibilities in strategic initiatives, mergers, market relationships, and program assessment and management.
The Sullivan Group acquisition was just one of several for Worldwide Facilities this year. This month it acquired the assets of Draco Insurance Solutions Inc., a Boston program manager specializing in the public transportation sector. In September, it acquired McClelland and Hine Inc. and McClelland & Hine Trucking Underwriters (collectively, MHI), headquartered in San Antonio. MHI principals Gill and Amicia Hine joined Worldwide Facilities at that time.
In May, it acquired the assets of Santa Rosa, Calif.-based wholesale brokerage RIC Insurance General Agency and in March, it acquired Tennant Risk Services Insurance Agency, a Connecticut based wholesale insurance broker.
In 2015, Worldwide Facilities received an investment from Lovell Minnick Partners, while remaining majority-owned by its employees.
Was this article valuable?
Here are more articles you may enjoy.