Applied Underwriters scoops up Florida firm

Applied Underwriters scoops up Florida firm

Applied Underwriters has announced the acquisition of Florida Casualty Insurance Company (FCIC), formerly Ashmere Insurance Company. FCIC will become part of Applied’s strategic national and international development plan.

Fort Lauderdale-based FCIC is licensed in 41 states. The acquisition is the latest in a series of expansion moves by Applied Underwriters.

“Enterprises such as the Florida Casualty Insurance Company fit neatly within our target profile for further development and for integration into our structural architecture plans,” said Jamie Sahara, president of Applied Underwriters. “We see the newly reincarnated FCIC as a sound platform in select, critical areas, as

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