Coral Gables, FL – July 21, 2010 — MDW Insurance Group, a 30-year-old full-service independent insurance agency, today announced the asset acquisition of Genesis Risk Advisors, LLC, an insurance sales, risk management and consulting firm that offers a wide array of services including Property & Casualty insurance, Employee Benefits, Executive Benefits and HR Consulting for a wide range of clients throughout Florida.  The founders of Genesis Risk Advisors (Gary Farbish, Craig Weinstein, and Charles Goldman) will now lead the expansion of the MDW Insurance Group into Broward County, Florida.

Ivor Bamberger President of the MDW Insurance Group commented, “We are delighted to have such a successful and knowledgeable team of insurance professionals in Gary Farbish, Craig Weinstein and Charles Goldman join our agency as partners.  We look forward to their leadership in growing our Broward and Palm Beach practice and the establishment of our first Broward office.  The completion of this acquisition represents a significant step for MDW Insurance Group in our strategy to accelerate growth outside of Miami–Dade County.

In a joint statement Farbish, Weinstein and Goldman announced that it marks the beginning of an exciting new era, and we could not be happier about joining the MDW Insurance Group.  The combination of our unique consultative approach to insurance and risk management, along with the resources and professionalism of the people of the MDW organization, provide the perfect platform to enhance the delivery of our products and services.  Together we provide a single-source solution for all of the Agency’s clients, while growing the MDW brand as the premier independent insurance agency in Florida.

 With the Genesis acquisition now complete, MDW is a stronger, more broadly based company than ever before, with increased capacity to reach new customers and the ability to provide current clients with enhanced products and services.  We are looking forward to delivering on our promise of being the most comprehensive and integrated full service agency for the benefit of our clients of all sizes.” said Jeff Weiner, CEO of MDW Insurance Group. 

MDW’s new Broward operation is scheduled to open in January 2011 with the three partners focused on business development, recruitment, and strategic planning.

Based in Coral Gables, Florida, MDW Insurance Group is a full-service insurance agency offering a broad range of Personal and Commercial insurance coverages and Group Health Benefits from leading insurance carriers.  MDW Insurance Group also offers hard-to-find and niche coverage for a large number of commercial clients.  Current clients include public and private corporations operating on local, national, and international levels, family-owned businesses, and high net worth individuals.  For more information, visit www.mdwinsurance.com.