Worldwide Facilities, LLC, a national wholesale insurance broker, managing general agent and program underwriter, is pleased to announce the acquisition of Clearwater Underwriters, Inc., a surplus lines MGA based in Clearwater, FL.
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 emerged as a competitive, trustworthy corporation with a diverse product line including flood, professional liability, personal and commercial lines.
Commenting on the transaction, Davis Moore, CEO of Worldwide Facilities, said,
“We are delighted to have the Clearwater team join Worldwide Facilities.
They have been building a successful underwriting business for nearly 30 years and we are excited to continue this growth while increasing Worldwide Facilities’ broad offering of specialty programs.”
Don Waters Jr., President of Clearwater Underwriters, added, “We are extremely pleased to be joining the Worldwide Facilities team, and look forward to expanding our capabilities while continuing to provide a broad range of services and benefits to our affiliates.”
Marsh, Berry & Company, Inc. served as a financial advisor to Worldwide Facilities in this transaction.
For more information, visit www.wwfi.com