Worldwide Facilities Makes Its First Step In Health Market By Acquiring Strategic Underwriting Solutions

Worldwide Facilities | June 11, 2020

  • Worldwide Facilities has acquired Strategic Underwriting Solutions (SUS).

  • SUS is a managing general underwriter focused on full service medical stop-loss insurance.

  • SUS also offers program risk management and product development services to its consulting clients.


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.


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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, 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.

- Worldwide Facilities CEO Davis Moore.


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, We are proud to continue contributing to the industry, while gaining synergy through a very accomplished team of insurance professionals at Worldwide Facilities.

- SUS president and CEO Vicki Schmelzer.


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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About Worldwide Facilities

Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter. We offer property, casualty, professional and personal lines products as well as specialty programs to insurance agents and brokers nationwide. With any given opportunity we dedicate our best resources, knowledgeable staff and high standards to exceed expectations.


About Strategic Underwriting Solutions (SUS)

Strategic Underwriting Solutions, LLC (SUS) was formed to offer high quality health insurance underwriting provided as an outsource service to insurance companies, Third Party Administrators (TPA), Managed Care Organizations (MCO) and other risk taking entities, such as Multiple Employer Welfare Associations (MEWA). SUS was established to respond to a market need for TPA's, insurers, and MCO's considering entry into new products where they have all the pieces in place, e.g. efficient processing, distribution, clinical expertise, all of the needed positive factors except for highly qualified and capable medical underwriting and risk taking management.

Spotlight

If your company offers a plethora of benefits to your employees including a pension plan, then you are a fiduciary, as is anyone who handles or verses the plan. However, did you know if a fiduciary makes a mistake, the fiduciary and the company could be held liable? Under the Employee Retirement Income Security Act of 1974 or ERISA, fiduciaries are personally accountable for any breaches of duties towards participants of a pension plan.

Spotlight

If your company offers a plethora of benefits to your employees including a pension plan, then you are a fiduciary, as is anyone who handles or verses the plan. However, did you know if a fiduciary makes a mistake, the fiduciary and the company could be held liable? Under the Employee Retirement Income Security Act of 1974 or ERISA, fiduciaries are personally accountable for any breaches of duties towards participants of a pension plan.

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