Madoline Corporation, a subsidiary of Brown & Brown Inc. announced it has acquired the remaining 25 percent interest in Florida Intracoastal Underwriters, Limited Company (FIU), held by Trenwick America Reinsurance Corporation.
As a result of this transaction, FIU will now be wholly owned by this Brown & Brown subsidiary. The transaction is effective as of December 31, 2002.
FIU is a managing general agency specializing in insurance coverage for coastal and inland high-value condominiums and apartments. It has developed a specialty reinsurance facility to support the underwriting activities associated with these risks.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling 
Camp Mystic, Where Texas Floods Killed 28, Files Bankruptcy 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio 
