SterlingRisk Acquires Worldwide Insurance in Florida

New York-based SterlingRisk, a privately held insurance broker, has acquired Worldwide Insurance Group, headquartered in Coral Gables, Florida.

Worldwide’s founder and president, Anthony Ruidiaz, will become managing director of SterlingRisk of Florida. He essentially traded his interest in Worldwide and is now a partner in SterlingRisk, the company said in a news release. The merger creates a full-service commercial insurance practice, including real estate development, construction, environmental, aviation, benefits, manufacturing and wholesale distribution.

Ruidiaz began his career in yacht insurance in south Florida, then branched out to tailored insurance programs for affluent clients, SterlingRisk said.

Sterling, founded in 1932, also operates an aviation practice group in Destin, Florida.