Worldwide Facilities, LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Clearwater Underwriters, Inc., a surplus lines MGA based in Clearwater, Fla.
Clearwater Underwriters was established in 1991 to provide a market for retail agents in the placement of excess flood coverage in the state of Florida. Since that time, the company has expanded its product line to include flood, professional liability, personal and commercial lines.
Davis Moore, CEO of Worldwide Facilities, said the acquisition increases Worldwide Facilities’ offering of specialty programs.
Don Waters Jr., president of Clearwater Underwriters said the move expands its capabilities while it continues to offer a range of services and benefits to its affiliates.
Marsh, Berry & Company, Inc. served as a financial advisor to Worldwide Facilities in this transaction.
PhiloSmith & Company served as an advisor to Clearwater Underwriters, Inc.
Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter that has been in business since 1970.
Topics Florida Mergers & Acquisitions Agencies Underwriting Insurance Wholesale
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