Charlotte L. Floyd and Jim Hemphill established Tri-Insurance Underwriters. Their initial carrier partners were Indiana Insurance Company and Independent Fire. Within four years, the firm grew to a staff of seven, and had $2 million in written premiums with Aetna L&C as the lead carrier.
Tri-Insurance Underwriters purchased Advanced Insurance Agency and changed the name to Advanced Insurance Underwriters. The newly formed agency never looked back.
Mike and Harvey A. Sheldon of David Miller Insurance joined our team with Harvey becoming a partner. From 1984 to 1994, the agency made several strategic acquisitions, including the Ravenswood Executive Plaza to accommodate the growing staff and premiums, now in excess of $12 million.
Premiums doubled to $24 million, prompting the creation of a wholesale division, which later became known as Advanced E & S.
By this time we had firmly established our reputation as a leader in both retail & wholesale insurance products. Between 1996 and 2002, the agency opened offices in Royal Palm Beach, Marco Island, Ocala, Jacksonville, Tampa, Sarasota and Bonita Springs. The agency wrote upwards of $90 million in retail premiums and more than $10 million in wholesale products.
We celebrated our 25th anniversary, earned the prestigious IIABA Trusted choice designation and were recognized by the South Florida Business Journal as the eighth largest insurance agency in South Florida.
Advanced Insurance Underwriters relocated its headquarters to a new, state-of-the-art facility in Hollywood, FL.
The agency surpassed $200 million in premiums. Charlotte Floyd and Harvey Sheldon initiated the first phase of their agency perpetuation plan. Top producers were rewarded for their long-term growth and offered partnership.
Our product capabilities expanded and our clients grew their business operations transcending the borders of the southern states. We are now recognized by the South Florida Business Journal as the fourth largest insurance agency in South Florida and 49th largest Privately Held Independent Insurance Agencies in the country as ranked by the Insurance Journal .
On April 1st, 2016 Advanced Insurance Underwriters will celebrate 40 years in business! As a special tribute to Charlotte Floyd, founding partner, and her continuing commitment to charitable causes for those less fortunate, our employees are volunteering their time or talent this year to support their charity of choice. We will share some of our good work/stories on our Facebook page.