World Insurance Associates Expands Reach with New Acquisitions
World Insurance Associates Welcomes New Agencies
World Insurance Associates LLC, a prominent name in the insurance brokerage sector, has made headlines by acquiring two esteemed agencies: Owens Insurance Agency and Stokes Farnham Insurance Agency. This strategic acquisition marks a pivotal moment in the company’s ongoing growth and expansion efforts, enabling them to enhance their service offerings.
The Legacy of Owens Insurance Agency
Founded in 1952, Owens Insurance Agency has established itself as a trusted provider of insurance solutions in its community. The agency specializes in various insurance products, including commercial, personal, life, health, and bond insurance. Their deep-rooted commitment to customer service and community assistance has played a significant role in their longstanding success.
A Commitment to Quality Service
Christopher Crist, the owner of Owens Insurance Agency, shared his thoughts on the acquisition: "Owens Insurance Agency has always focused on providing quality customer service while giving back to the community. Integrating with World Insurance Associates will bolster our ability to offer even greater service to our valued clients."
Stokes Farnham: A Partner in Growth
Alongside Owens, Stokes Farnham Insurance Agency has also been a key player in the insurance landscape, notably strengthening its presence in the industry. This agency has been serving clients with a range of insurance products tailored to meet specific needs, emphasizing the importance of client satisfaction and adaptability in a changing market.
Adapting to Client Needs
Shane Lynn, the owner of Stokes Farnham, reflects on their vision, stating, "We implement necessary changes to address the evolving demands of our clients. Being part of the World Insurance family will significantly enhance our capacity to deliver diverse services and products to our clients."
World Insurance Associates: A National Leader
The acquisition of Owens and Stokes Farnham aligns perfectly with World Insurance Associates’ mission to broaden their reach and improve the services available to clients throughout the U.S. and beyond. World Insurance Associates is known for its comprehensive portfolio that includes risk management, employee benefits, and more, all designed to support individuals and businesses in achieving their financial objectives.
Looking Towards the Future
In welcoming Owens and Stokes Farnham to their family, Rich Eknoian, CEO and Co-Founder of World Insurance Associates, commented on the synergies that this merger presents. He stated, "Their team brings a wealth of experience and dedication to client service that complements our mission. Together, we will be better positioned to ensure our clients receive the best possible insurance solutions."
Legal Guidance for the Transaction
To facilitate this significant transition, legal guidance was provided by Giordano, Halleran & Ciesla for World, and Sica Fletcher served as advisors for the acquisition. Meanwhile, Nelson Mullins Riley & Scarborough LLP and FrontRidge Advisors provided crucial legal support for Owens.
About World Insurance Associates LLC
World Insurance Associates LLC is a nationally recognized financial services organization, operating over 300 offices across the U.S. and U.K. Their network of insurance brokers and specialists is dedicated to empowering clients to make informed decisions. Offering a wide range of services, from risk management to retirement planning, World Insurance Associates aims to modernize benefits programs while helping clients achieve their long-term financial goals.
Frequently Asked Questions
What is the significance of Owens Insurance Agency joining World Insurance Associates?
The acquisition enables World Insurance Associates to enhance its offerings and expand its market reach, bringing more services to clients.
When was the acquisition finalized?
The acquisition of Owens Insurance Agency and Stokes Farnham Insurance Agency was finalized on January 1, 2025.
What services do Owens and Stokes Farnham provide?
Owens and Stokes Farnham provide a wide range of insurance products, including commercial, personal, life, health, and bond insurance.
Who are the key figures in the acquisition?
Rich Eknoian, Christopher Crist, and Shane Lynn are notable figures in this acquisition representing World and the acquired agencies.
What is World Insurance Associates known for?
World Insurance Associates is known for its comprehensive insurance solutions and client-focused approach, ensuring optimal risk management outcomes for its clients.
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