First Light Program Managers, Inc. Acquires the Assets of Marine N-Surance Brokers Inc.
DANIA BEACH, Fla., October 13, 2021 (Newswire.com) - Anthony L. Johnson, Chief Executive Officer of First Light Program Managers, Inc., and Paul Greenaway, President of Marine N-Surance Brokers Inc. of Longwood, Florida, announced today that they have entered into an agreement for First Light Program Managers to acquire substantially all of Marine N-Surance Broker's assets effective Oct. 1, 2021. Marine N-Surance Brokers, a wholesaler and managing general agency (MGA) founded in 2002 by Paul Greenaway, has specialized in the marine insurance industry, offering marine liabilities, marine packages, hull and property coverage on a wholesale basis throughout the United States.
Anthony Johnson stated, "For over 19 years, Marine N-Surance Brokers has been a leading wholesaler and MGA in the marine insurance industry. Their expertise and market knowledge are unparalleled in marine insurance. The ability of Marine N-Surance Brokers to navigate the dynamic marine marketplace for nearly two decades is representative of the strength and talent of Marine N-Surance Brokers, Paul Greenaway and his associates. What Paul has built is astonishing and we could not be happier with what their organization brings to First Light. This acquisition will create a foothold in the marine insurance marketplace for us and further expand our niche insurance programs. We look forward to continuing profitable growth with our carrier partners."
Paul Greenaway stated, "We are very happy to join First Light Program Managers. First Light's expertise in niche program underwriting and specialty wholesale brokerage is a perfect fit for us. Their conservative underwriting approach has served their carrier partners well and we look forward to capitalizing on the expertise and culture of profitable underwriting that they have built. We look forward to the years ahead by joining forces with them."
First Light Program Managers is a managing general agency that offers specialty insurance products for various industries through a network of insurance agencies throughout the United States. For further information, please visit www.firstlightprograms.com.
Source: First Light Program Managers, Inc.
Tags: acquire, acquisition, commercial auto, First Light Program Managers, Insurance, insurance acquisition, liability coverage, marine insurance, MGA, program underwriting, specialty insurance, underwriting