Worldwide Facilities Reports Record Growth as they Celebrate 50th Anniversary

Article

Los Angeles, CA, April 24, 2020 – This year, Worldwide Facilities, national wholesale insurance broker, managing general agent and program underwriter, is celebrating 50 years of industry service and five years of record double-digit growth.

Despite the challenging economic market, the wholesaler began 2019 with $1.5 billion in GWP and ended the year with $1.8 billion GWP business – a 20% increase. Currently, the company has more than 720 associates in over 35 offices throughout the U.S.

Worldwide Facilities attributes their success to a four-point growth strategy that includes a professional development program for new brokers, organic growth of existing brokers, recruiting new talent and mergers and acquisitions. Last year’s growth and continued stability can also be attributed to strategic merger and acquisition activity that included Benchmark Management Group and Risk Management Advisory Group – both of which strengthened the company’s Underwriting/MGA division.

“Over the last 50 years, we have built a great foundation in a resilient industry that has a bright future” says Davis Moore, CEO of Worldwide Facilities. “I am absolutely confident our associates are well positioned to assist our trading partners with the headwinds and challenges created by COVID-19 and the market dislocation in 2020 and beyond.”

For additional information, Worldwide Facilities’ Annual Report can be viewed on their website: https://www.wwfi.com/company/

About Worldwide Facilities
Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter that has been in business since 1970. Its brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas. For more information, please visit wwfi.com.