Focus Holdings Closes on Acquisition of Capacity Insurance in Florida

Focus Holdings, LLC in Sunrise, Florida, reports that it closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009.

Focus, better known by the name of its largest operating subsidiary, MacNeill Group, Inc. traces its Florida roots back to 1946. CIC was established in Broward County, Florida in 1989.

Douglas W. Bullington, CEO of Focus Holdings, will assume the same role with Capacity Insurance Co. Joining Bullington will be an experienced team of insurance executives already part of the team at Focus.

“Our goal when we established Focus Holdings,” said Bullington, “was to build a diversified group of companies to service the many different channels of the property and casualty insurance industry. The addition of Capacity to our group further strengthens our capabilities as a full service company.”

CIC specializes in habitational and small mercantile type risks and Bullingon said that while this focus will remain, the company will also be looking to expand both the eligible underwriting classes and product lines of business.

Focus Holdings, LLC is a diversified group of companies serving the property/casualty industry. Its various operations include managing gneeral agency and wholesale brokerage services, program management services, residual market services, claims management services, premium finance services, actuarial services, and statutory accounting services.

Capacity Insurance Co. writes exclusively in Florida and focuses on light and medium hazard property and casualty business. Capacity has a financial strength rating of B++ Very Good from A.M. Best and financial stability rating of A Exceptional from Demotech.

Topics Florida Mergers & Acquisitions Property Casualty