News from Worldwide Facilities, Certificial, Beazley and more. (Photo: Shutterstock)
Worldwide Facilities, wholesale insurance broker, managing general agent and program underwriter, acquired Royal Oak Underwriters, Inc., an excess and surplus lines insurance wholesaler based in Richmond, VA. The acquisition marks an expansion of Worldwide Facilities' nationwide footprint and increases the wholesaler's already diverse offerings.
Wright Specialty Insurance has introduced a new specialty insurance program with a wide range of property and casualty coverages and risk management services specifically designed for small-to-medium-sized municipalities and other government entities. "We created our first dollar, low deductible Municipality Insurance Program in conjunction with Munich Re Specialty Insurance, to help public entities manage the unique risks they face more effectively and cost-efficiently," said Kevin Beer, president of Wright Specialty, in a statement. "It's a comprehensive program that gives our brokers and agents a competitive market advantage and a convenient way to serve their public entity clients with outstanding insurance coverage."
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
