Johnson & Johnson Acquires Midwest’s Stateside Underwriting

Charleston, South Carolina’s Johnson & Johnson has acquired Stateside Underwriting Agency Inc. (SUA) in Crystal Lake, Illinois, and Chagrin Falls, Ohio.

SUA will continue to operate under the leadership of Richard Nowell and Chad Gaizutis, according to Johnson & Johnson President Francis Johnson.

Stateside Underwriting Agency is an underwriting manager for specialty professional liability risk products including mortgage bankers bond and professional liability for mortgage companies, architects and engineers, property managers, lawyers and other classes. In addition, SUA writes fidelity bonds for title agents.

Johnson & Johnson is a managing general agency that serves independent agents in Alabama, Connecticut, Delaware, Florida, Georgia, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia and Vermont.

Topics Mergers & Acquisitions Underwriting