Worldwide Facilities Acquires Assets of Massachusetts’ Draco Insurance Solutions

Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired the assets of Draco Insurance Solutions Inc., a Boston, Mass.-based program manager specializing in the public transportation sector.

The Draco team, led by Executive Vice President Scott Stevens, has underwriting expertise in the primary transportation space with a particular emphasis on the public auto sector.

The expansion of Worldwide Facilities’ transportation and program underwriting capabilities are part of its overall growth strategy, Worldwide Facilities CEO Davis Moore said in a company press release.

Source: Worldwide Facilities