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Excess and surplus lines wholesaler Worldwide Facilities LLC said Wednesday it has promoted Gary Kitchen to president of its MGA division, a new position.
Mr. Kitchen, who was previously executive vice president at Worldwide, was CEO of RIC Insurance General Agency Inc., a Santa Rosa, California-based wholesale insurance broker and managing general agent specializing in small to medium-sized commercial business that Los Angeles-based Worldwide acquired in 2018.
In August, private equity firm Genstar Capital LLC said it had become a new investor in Worldwide, while Radnor, Pennsylvania-based Lovell Minnick Partners exited its investment in the firm.
Worldwide was the fifth-largest wholesaler according to Business Insurance’s latest ranking, with $1.54 billion in 2018 premium volume.
Worldwide Facilities L.L.C. said on Thursday that it has acquired San Diego-based Sloan Mason Insurance Services.