After a period of unprecedented growth, national wholesale insurance brokerage, managing general agent and program underwriter Worldwide Facilities announces an organizational restructuring. The company will reorganize into three divisions: Worldwide Brokerage, Worldwide MGA, and Worldwide Programs.
The driving force for this change is the significant growth that Worldwide Facilities has experienced in recent years. Having grown from about $550 million in gross written premium 3 years ago, the company now places approximately $1.5 billion in premium, with MGA and Program underwriting contributing 35% of that figure.
“We have evolved, on a deliberate and intentional basis, to a much more diversified company,” says Ronald Austin, President of Worldwide Facilities. “We now operate on three distinct distribution platforms—Brokerage, MGA, and Programs—each with separate operational and sales features and protocols. This reorganization reflects that change.”
The new structure will also enhance the company’s ability to leverage products across distribution platforms, target its growth strategy to each platform, and more effectively leverage its leadership talent.
As part of the restructure, Eric Stuckman has been promoted to President – Worldwide Brokerage, and Hank Haldeman will take on the role of President – Worldwide Programs. Emily Flores, Gary Kitchen, Gil Hine and Amicia Hine will continue to drive the national MGA strategy.
Austin comments, “Eric’s roots are wholesale brokering. During his decade-long tenure with us, he has continually grown in terms of responsibilities and contributions, most recently leading the Los Angeles production office as well as the company’s market relationship activities. His background, demonstrated skill set and energy are well suited to leading the company’s brokerage division.”
“Hank joined Worldwide Facilities as part of the Sullivan Group acquisition, and his expertise has been crucial across strategic initiatives, M&A, market relationships, and program assessment and management,” Austin adds.