Focus Holdings Completes Acquisition of Capacity Insurance Company
Jul 1, 2009
SUNRISE, FL , Focus Holdings, LLC (Focus), an insurance focused holding company, has closed on its acquisition of Capacity Insurance Company (CIC), a Florida domestic insurer, effective July 1, 2009.
Focus, better known by the name of its largest operating subsidiary, MacNeill Group, Inc. traces its Florida roots back to 1946. CIC was established in Broward County, Florida in 1989.
Douglas W. Bullington, CEO of Focus Holdings, will assume the same role with Capacity Insurance Company. Joining Mr. Bullington will be an experienced team of insurance executives already part of the team at Focus.
“Our goal when we established Focus Holdings,” said Bullington, “was to build a diversified group of companies to service the many different channels of the property and casualty insurance industry. The addition of Capacity to our group further strengthens our capabilities as a full service company.” When speaking of the plans for CIC, Bullington continued, “Historically, CIC has specialized in habitational and small mercantile type risks; we see no reason to change this focus, but also look forward to expanding both the eligible underwriting classes and product lines of business.”
Focus’ subsidiaries have long been known for their innovation and commitment to service; the addition of CIC with its reputation of providing stable and quality products will be a win for the agents of Florida and their customers.
Focus Holdings, LLC is a diversified group of companies serving the property and casualty industry. Through its various subsidiaries, operations include MGA and wholesale brokerage services, program management services, residual market services, claims management services, premium finance services, actuarial services, and statutory accounting services. www.focusholdings.com
Capacity Insurance Company is a Florida domiciled commercial lines insurer founded in 1989. Capacity writes exclusively in Florida and focuses on light and medium hazard property and casualty business. Capacity has a financial strength rating of B++ Very Good from AM Best and financial stability rating of A Exceptional from Demotech. www.capacityinsurance.com