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Article Excerpt
Florida insurance groupbuys commercial insurer
SUNRISE, Fla.Focus Holdings L.L.C., an insurance-focused holding company based in Sunrise, Fla., has acquired Capacity Insurance Co., the firms announced.
CIC, also based in Sunrise, will continue its focus on habitational and small mercantile risks, but also plans to expand its business, Focus said in a statement about the acquisition that was effective July 1.
Douglas W. Bullington, chief executive officer of Focus Holdings, has taken the same role at CIC.
After the purchase, Oldwick, N.J.-based rating agency A.M. Best Co. Inc. placed CIC's financial strength and issuer...
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