Applied Underwriters has announced the acquisition of Florida Casualty Insurance Company (FCIC), formerly Ashmere Insurance Company. FCIC will become part of Applied’s strategic national and international development plan.
Fort Lauderdale-based FCIC is licensed in 41 states. The acquisition is the latest in a series of expansion moves by Applied Underwriters.
“Enterprises such as the Florida Casualty Insurance Company fit neatly within our target profile for further development and for integration into our structural architecture plans,” said Jamie Sahara, president of Applied Underwriters. “We see the newly reincarnated FCIC as a sound platform in select, critical areas, as we bring innovative products to market through our exceptional network of independent agents and brokers.”
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“We are delighted to add FCIC’s reach across the nation for the offering of our risk solutions, together with our excellent record of service, appreciable brokerage base, and award-winning claims staff in Omaha,” said Steve Menzies, chairman of Applied Underwriters. “We look forward to providing an enhanced portfolio of coverage options in the important, growing southeastern US and in other important markets.”