Worldwide Facilities breaks into life & health market with acquisition

It swoops for a managing general underwriter

Worldwide Facilities breaks into life & health market with acquisition

Insurance News

By Lyle Adriano

Worldwide Facilities has acquired Strategic Underwriting Solutions (SUS), marking its first step into the life & health insurance market.

SUS is a managing general underwriter focused on full service medical stop-loss insurance. Founded in 2006, the firm is entrusted with full underwriting authority for medical stop-loss insurance for high quality insurance and reinsurance markets. SUS also offers program risk management and product development services to its consulting clients. 

The firm is led by SUS president and CEO Vicki Schmelzer.

“We are pleased to have Vicki and the entire SUS team join Worldwide Facilities as we diversify into the wholesale benefits business,” said Worldwide Facilities CEO Davis Moore. “SUS’s successful track record of developing customized benefit programs on behalf of carriers and reinsurers allows us to expand our product offerings and value proposition to our retail customers.”

“We are very excited to join the Worldwide Facilities team, allowing us to carry forth our mission with integrity, while providing superior risk management solutions to our carriers and special market clients,” commented SUS president and CEO Vicki Schmelzer. “We are proud to continue contributing to the industry, while gaining synergy through a very accomplished team of insurance professionals at Worldwide Facilities.”

Earlier this week, Worldwide Facilities announced its acquisition of Royal Oak Underwriters in Richmond, VA. Royal Oak is an excess and surplus lines insurance wholesaler, specializing in property, general liability, professional liability, commercial auto, ocean & inland marine, and personal lines.

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