Business Contractors Insurance Services Enhances World Insurance Reach
World Insurance Associates LLC, recognized as a prominent player among the top 50 insurance brokerages, has successfully elevated its service offerings with the strategic acquisition of Business Contractors Insurance Services, commonly referred to as BCIS. This aligns with their mission to expand their footprint and continue delivering exceptional value to their clients.
A Commitment to Service and Growth
Established over 15 years ago, BCIS has carved out a niche in providing a comprehensive range of insurance services tailored for both individuals and businesses. Their dedication to customer satisfaction and goal-oriented approach has seen them forge lasting relationships with their clientele.
Founders' Vision
The founders of BCIS, Josh Schwartz and Chad Galvas, have always focused on creating an agency that meets the nuanced needs of clients in commercial and personal insurance lines. They have fostered a culture centered around customer service, aiming to develop long-lasting partnerships. Their philosophy is about creating "clients for life," ensuring that customer needs are anticipated and met effectively.
World Insurance Associates' Expansion Plans
Rich Eknoian, the CEO and Co-Founder of World Insurance Associates, expressed enthusiasm about the acquisition. Welcoming BCIS into the World family, he emphasized how this move not only enhances World’s service capabilities but also bolsters its presence in California. The existing expertise of BCIS aligns seamlessly with World’s commitment to service excellence, making it a perfect match.
Legal and Advisory Roles
Fortrust Diligence supported World in this transaction, while Giordano, Halleran & Ciesla and Fennemore provided legal counsel to both parties. This collaborative effort underscores the commitment to a smooth transition and integration of BCIS into the broader structure of World Insurance Associates.
About World Insurance Associates LLC
World Insurance Associates LLC operates on a national scale, headquartered in Iselin, N.J. This comprehensive insurance organization provides a vast array of services both to individuals and businesses. Their offerings span personal and commercial insurance, employee and executive benefits, retirement and financial planning, as well as human capital management solutions.
Since its inception in 2011, World has made an impressive mark in the industry, completing more than 250 acquisitions and maintaining over 250 offices across the United States. Recognized for their rapid growth and service quality, they rank highly in various influential lists, including #28 among the largest brokers of U.S. businesses and #15 among the top 100 Property & Casualty agencies. This highlights World’s commitment to excellence and its strategic approach to expanding service offerings.
Frequently Asked Questions
What is the significance of BCIS joining World Insurance Associates?
The acquisition enhances World Insurance's service offerings and expands its presence in California, reinforcing its commitment to client service.
How long has BCIS been operational?
Business Contractors Insurance Services has been providing insurance solutions for over 15 years, focusing on client-centric services.
What types of services does World Insurance Associates provide?
World offers a full range of services including personal and commercial insurance, employee benefits, retirement planning, and more.
Who are the founders of BCIS?
Josh Schwartz and Chad Galvas founded BCIS, driven by a desire to create a client-focused, service-oriented insurance agency.
What awards has World Insurance Associates received?
World is recognized in several rankings, including being listed as one of the top brokers and fastest-growing benefits brokers by reputable industry sources.
