Healey & Associates Joins World Insurance Associates
World Insurance Associates LLC, a major player in the insurance brokerage sector, is excited to announce its latest acquisition. The firm has acquired Healey & Associates, a steadfast provider of employee benefits to clients across New England. This change marks a significant step forward for World, enhancing their portfolio and expanding service capabilities.
Healey & Associates: A Trusted Name in Employee Benefits
Based in Portland, Maine, Healey & Associates has a long-standing reputation since 1982 for delivering exceptional employee benefits solutions, particularly to the non-profit sector. Their commitment to addressing the unique requirements of non-profit organizations has set them apart in a competitive market.
What the Acquisition Means for Clients
Matthew K. Arbo, the Owner and President of Healey & Associates, shared his enthusiasm for the acquisition by stating, "At Healey & Associates, we prioritize our clients' needs and aim to provide sustainable solutions. Joining forces with World equips us to offer an even broader range of products and services that will benefit our clients immensely." This partnership is expected to enhance the quality of services offered, creating more comprehensive and innovative employee benefits solutions.
A Warm Welcome from World Insurance
Rich Eknoian, the CEO and Co-Founder of World, extended a warm welcome to Healey, acknowledging their established reputation within the industry. He stated, "Matt and the Healey team are well-respected, and their addition to our family will undoubtedly strengthen our service offerings and presence in the market."
Strengthening the Non-Profit Sector
In her comments about the acquisition, Jennifer Barton, Head of Employee Benefits at World, noted, "Healey is our first employee benefits agency in Maine, and their focus on client-first strategies will align seamlessly with our company values. Together, we will deliver enduring solutions that meet the evolving needs of clients throughout New England." This strategic move underscores World’s commitment to expanding its influence and enhancing its offerings in the non-profit sector.
Legal Advisory Teams Behind the Scene
The successful acquisition was supported by legal experts Giordano, Halleran & Ciesla, who provided counsel to World Insurance Associates, while Healey was advised by Satin and Lee Law P.C. This collaboration among legal advisors exemplifies the professionalism and careful planning that defines this transaction.
About World Insurance Associates LLC
World Insurance Associates is a nationally recognized financial services organization with headquarters located in Iselin, New Jersey. With a presence in over 300 offices across the United States and the United Kingdom, they are dedicated to improving client outcomes through a diverse range of services. Their focus includes risk management, modernizing benefits programs, and helping clients reach their financial goals. Utilizing data-driven analytics allows World’s advisors to craft innovative solutions tailored to individual client needs, ranging from commercial and personal insurance to robust employee benefits and wealth management services.
Frequently Asked Questions
What is the significance of Healey & Associates joining World Insurance Associates?
The acquisition allows Healey to leverage World Insurance's extensive resources, enhancing their employee benefits offerings within the non-profit sector.
When did the acquisition of Healey & Associates take place?
The acquisition was finalized recently, with the integration of Healey into World Insurance being an important development for both entities.
How long has Healey & Associates been operating?
Healey & Associates has been providing employee benefits solutions since 1982, making it a venerable institution in the industry.
What services does World Insurance Associates provide?
World Insurance Associates offers a comprehensive range of services including insurance, employee benefits, wealth management, and retirement planning.
Who are the key figures involved in the acquisition?
Matthew K. Arbo from Healey & Associates and Rich Eknoian, CEO of World Insurance Associates, are key figures in this acquisition, enthusiastically supporting the merger.
