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Worldwide Facilities Acquires Clearwater Underwriters to Increase Speciality Programmes Offering
Friday 07 August 2020

US-based wholesale insurance brokerage Worldwide Facilities, LLC, a national wholesale insurance broker, managing general agent and programme underwriter, has acquired Florida-based managing general agent Clearwater Underwriters, Inc., to expand programmes division, the company said.

Terms of the transaction were not disclosed.

Marsh, Berry and company, Inc. served as a financial advisor to Worldwide Facilities in this transaction.
PhiloSmith and company served as an advisor to Clearwater Underwriters, Inc.

Clearwater Underwriters, Inc. was established in Clearwater, FL in 1991 and offers a diverse product line including flood, professional liability, personal and commercial lines.

Worldwide Facilities is a national wholesale insurance broker, managing general agent and programme underwriter that has been in business since 1970.
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Date Published: 07/08/2020

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