[ad_1]
“This acquisition by Johnson & Johnson, a leading specialist in related businesses, will accelerate the growth in revenue and profitability of our existing business units and provide greater professional development and career advancement opportunities for the employees at Statewide,” stated Dan Braude, president and COO of Statewide Insurance Corp.
The South Carolina-based Johnson & Johnson is a fourth era, family-owned MGA offering E&S markets, customary markets, and premium financing to impartial insurance coverage brokers. Founded in 1930, it has an extended historical past of offering providers and merchandise in a number of places throughout the nation, particularly Alabama, Connecticut, Delaware, Florida, Georgia, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, and Virginia.
A launch from the company stated the acquisition of Statewide will increase this attain to incorporate the Southwest because it eyes to serve impartial companies in Arizona, Nevada, New Mexico, Colorado, and Utah.
“Adding the Statewide Insurance Corp. Team and their agency network to Johnson & Johnson will provide us with a terrific group of employees and agencies which will enhance our ‘service first’ approach to the Agents currently served by Statewide,” stated Francis Johnson, CEO of Johnson & Johnson.
“Together, we plan to bring a new level of passion, commitment and resources to the Independent Agencies in Arizona, Nevada, New Mexico, Colorado, and Utah,” added Harry Johnson, Johnson & Johnson’s president and COO.
Johnson & Johnson was amongst Insurance Business America’s listing of Five-Star MGAs and Wholesale Brokers for 2021.