A Locke Lord team led by Jeff Etherington (New York) represented Maguire Insurance Agency, Inc., in Philadelphia Insurance Companies’ acquisition of the Staffing Insurance Business offered by World Wide Specialty Programs, Inc. The insurance products comprising the business acquired by Philadelphia Insurance Companies are designed and produced by World Wide to address the staffing industry’s unique needs. The transaction closed on Dec. 31, 2020, for an undisclosed value. For more information, see the press release. Additional assistance was provided by Barry Bendes, Zachary Lerner and Straat Tenney (all of New York), Jon Gillum (Austin), Chris Flanagan, Glenn Pudelka and Brandon Curtin (all of Boston), Mike Bennett and Tamer Tullgren (both of Chicago), Geoff Polma (Dallas), Lori Basilico (Providence) and Stephen Murphy (Washington, D.C.).
Posted on January 8, 2021