Wholesale insurance broker Worldwide Facilities has struck a deal to acquire Tennant Risk Services, a wholesale broker and underwriting manager specializing in the placement of professional liability and specialty insurance coverages.
The deal bolsters Worldwide Facilities’ expansion in the professional liability space, where Tennant boasts extensive expertise and products in the E&O, D&O, EPLI and cyber lines of business. Meanwhile, more products and more underwriting opportunities will be made available to retail brokers and agents served by Worldwide Facilities.
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