Inc. Magazine Unveils Its Annual Exclusive List of

America’s Fastest-Growing Private Companies

the Inc.500|5000

Ace Underwriting Group Ranks No. 4525 on the 2011 Inc. 500|5000

with Three-Year Sales Growth of 17%.  Ace Underwriting Group also joins an

elite group of companies with a five consecutive year history of growth on the Inc.500|5000 list.

 

 

NEW YORK, August 23, 2011 -- Inc. magazine today ranked Ace Underwriting Group NO. 4525  on its fifth annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Online retailer ideeli tops this year’s list. Ace Underwriting Group  joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list. 

In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.  Especially poignant, and notwithstanding the recession and other economic pressures, Ace Underwriting Group has been named to this exclusive list for the 5th consecutive year in a row.  While all the firms on the 500|5000 list this year are showing vibrant growth, Ace Underwriting Group is among the very select few to have bucked the economic trend for the past 5 years with growth in revenues that have earned a spot on the list every year since its inception.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
 

Company Information

Ace Underwriting Group is a diversified corporation with a focus. The majority of its growth is based on the delivery of insurance products to the Florida market. Ace Underwriting Group has a statewide customer base of over 9,500 personal and commercial clients. The company operates retail insurance agencies throughout Florida. Since its founding in 1989, Ace Underwriting Group continues on its steady growth model, incorporating cutting edge marketing via the internet and in person through its brick and mortar agencies. Utilizing the value of its website, www.underwriting.com, Ace Underwriting Group enhances its revenue stream with clients from every area of Florida and in every segment of the insurance purchasing public, from individuals and families to the largest corporations.  In addition to insurance, Ace Underwriting Group has units that provide computer systems and software, 24-hour claims services, travel benefit products and other products ancillary to its core insurance business. Ace Underwriting Group also operates a pack & ship store and full service photo lab. "Our diversification into other areas of profit allows us to grow in this tough economy, even when our competitors are posting losses", states Ralph Francis, Ace Underwriting Group's CEO and founder.   “Our success is founded on customer service and loyalty.  Everything we do is focused on bringing maximum value to our clients and delivering ‘beyond expectation’ service.  While our staff provides this level of service to our clients every day, it’s our clients that earn this award by honoring us with their business.  Without their loyalty, our agency couldn’t grow.  Ace Underwriting Group continues its growth into the future with its advertising partners the Florida Marlins Baseball Network and for the fourth year with the Florida Panthers Hockey Team and the Bank Atlantic Center. 

Philanthropy

Ace Underwriting Group is proud to announce its sponsorship of 2011-2012 Florida Panthers Hockey and the Florida Panthers top rated Penalty Kill.  For every successful Penalty Kill (No goals scored by the opposing team during the penalty), Ace Underwriting Group will make a donation to the Chris Everett Children's Hospital in Fort Lauderdale.  The donation will be made in an "on Ice" ceremony at the conclusion of the 2011-2012 season.  Ace Underwriting Group is grateful for the assistance of the Florida Panthers, Sunrise Sports & Entertainment, and the Bank Atlantic Center for the opportunity to participate in this truly beneficial way for the children of South Florida.

 

Methodology

The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

About the Inc. 500|5000 Conference

Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22–24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.

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Inc 5000

Inc. 5000 Logo We're proud to be honored again in Inc magazine's 2011 Inc 500|5000 list for the fifth year in a row! More...