World Insurance Associates Expands Operations in Key Markets

World Insurance Associates Makes Strategic Acquisitions

World Insurance Associates LLC, a recognized name among the Top 50 Insurance Brokerages in the industry, recently made a significant move by acquiring five entities located in Louisiana and Houston, Texas. This strategic acquisition enhances World’s operations and allows them to provide better insurance services across these vital markets.

Details of the Acquisition

The acquired agencies comprise The Firm of Louisiana P&C, LLC, McFatter Insurance Agency, Inc., Insure Plus LLC, The Firm of Cenla, and Creekside Risk Management LLC. Each of these agencies specializes in property and casualty insurance, serving both individual and business clients efficiently. This transaction aims to combine resources and expertise to offer superior insurance options to a broader clientele.

Commitment to Client Service

Andy Dressler, Co-Owner of The Firm of Louisiana P&C, expressed the agency's longstanding commitment to treating clients as family. "Providing exceptional customer service is at the heart of our approach. With World Insurance Associates, we believe we can improve our services even further," he noted. His co-owner, Mitch Cholley, echoed this sentiment, emphasizing the importance of simplifying complex insurance choices for clients.

Leadership's Vision

Rich Eknoian, the CEO and Co-Founder of World, warmly welcomed these agencies into the World family. He shared his excitement about expanding their footprint in the Louisiana and Houston markets, indicating that this move aligns with World’s goal of growth and improved service delivery. By integrating these agencies, World Insurance Associates is poised to leverage their strengths and enhance its overall market competitiveness.

Industry Position of World Insurance Associates

Headquartered in Iselin, N.J., World Insurance Associates has established itself as a full-service, nationwide insurance organization. The firm offers a comprehensive range of products and services across personal and commercial insurance, benefits, retirement, and financial planning. Since its inception in 2011, World has successfully completed over 200 acquisitions, now operating from more than 250 offices across the United States.

A Noteworthy Ranking in the Industry

World Insurance Associates continues to climb the ranks in various categories. According to Business Insurance, it is ranked #28 among the 100 Largest Brokers of U.S. Business, making it a prominent player in the industry. Furthermore, it stands out as #3 on the Fastest Growing Benefits Brokers list and holds impressive ranks in personal and commercial lines agencies. This growth is a testament to its commitment to provide clients with tailored solutions and exceptional service.

Future Directions

With this expansion, World Insurance Associates is set to further strengthen its market position. The integration of these new agencies will allow for a more robust offering and facilitate improved service delivery to existing and new clients. Their focus remains on adapting to client needs and leveraging their extensive network to enhance possible outcomes for all stakeholders involved.

Frequently Asked Questions

What did World Insurance Associates recently acquire?

World Insurance Associates recently acquired the businesses of five agencies specializing in property and casualty insurance across Louisiana and Houston.

Who are the key leaders at World Insurance Associates?

Rich Eknoian serves as the CEO and Co-Founder of World Insurance Associates, while Andy Dressler and Mitch Cholley are co-owners of one of the acquired firms.

What services does World Insurance Associates provide?

World provides a comprehensive range of services, including personal and commercial insurance, employee benefits, retirement planning, and financial management solutions.

How many acquisitions has World Insurance Associates made?

Since its founding in 2011, World Insurance Associates has completed over 200 acquisitions.

Where is World Insurance Associates headquartered?

The company is headquartered in Iselin, N.J., providing services to clients across the United States.

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