Vanbridge LLC Acquires Remaining Interest in Universal Insurance Services
NEW YORK — Vanbridge LLC, an insurance intermediary, administration & management and advisory services firm announced today that it has acquired all the remaining shares in Universal Insurance Services LLC, an innovative life insurance and financial advisory distribution firm. As a result of this transaction, Universal becomes a wholly owned subsidiary of Vanbridge LLC and will begin operating under the Vanbridge LLC brand.
This transaction is another significant milestone aligned to Vanbridge’s strategic vision and further demonstrates their confidence in Universal, it’s leadership team and its ability to develop and deliver creative insurance solutions.
“Our services and market position are complementary with a reach that extends across our collective client and prospect bases. Having this combined brokerage firm under one roof gives us the distinct advantage of offering our clients a broad and diverse platform of insurance solutions and programs, creating a “best-of-the-best” client experience,” commented Philip V. Moyles, Jr., Managing Principal & CEO of Vanbridge. “Our two companies share a high-performance culture and this transaction and final integration, is an excellent opportunity for both firms to build on each other’s success.”
“Over the last 30 years, Universal has undergone major structural and operational changes, evolving dramatically into what it is today– a fully diversified insurance and financial services organization. This name change and rebranding initiative furthers our strategic reinvention and reflects our vision for growth. It is a pivotal moment for us and one that will allow us to move further faster,” said Mitchell K. Smith, Managing Principal of Universal Insurance Services. “With our combined experience in the insurance, financial services and alternative asset management industries, we expect to change the landscape of wholesale insurance distribution and how we create value for our clients.”