World Insurance Associates Expands with Sprague Israel Giles Acquisition

World Insurance Associates Welcomes Sprague Israel Giles

World Insurance Associates LLC, a prominent player in the insurance industry, recently expanded its portfolio by acquiring the business of Sprague Israel Giles, Inc. (SIG). This strategic move showcases World’s commitment to growth and enhancement of its service offerings, marking a significant milestone in their journey.

About Sprague Israel Giles and Their Offerings

Founded in 1958 by David Sprague and Mike Israel, Sprague Israel Giles has established itself as a trusted name in the insurance sector. The firm specializes in commercial property and casualty insurance, employee benefits, and personal insurance solutions. With a reputation for providing expert advice, SIG has carved out a niche offering unique programs such as the Natural Insurance Program, specifically designed for Naturopaths, along with insurance services for the Cannabis and CBD industries.

Leadership and Vision

The current leadership at SIG, including President John Policar and Vice Presidents Rob Karl, Marnie White, Monica Cripe, and Matt Conroy, are dedicated to upholding the firm's reputation of excellence. Policar emphasizes a client-centric ethos, stating, "Our service to our clients is second to none." This commitment aligns seamlessly with World Insurance Associates’ vision and culture, making the acquisition a natural fit.

Welcoming SIG to the World Family

Rich Eknoian, CEO and Co-Founder of World Insurance Associates, expressed enthusiasm for the acquisition, stating, "I would like to welcome SIG to the World family. With this acquisition, we enter a new region and expand our influence in the Pacific Northeast. We look forward to working together to provide exceptional service and expertise to our clients in Washington."

Expanding Reach and Capabilities

This acquisition not only facilitates World Insurance's entry into Washington but also enhances its overall capabilities across its service offerings. The integration of SIG’s deep industry knowledge and local reputation will enable World to provide even better solutions to their clients, solidifying their standing as a leading insurance organization in the United States.

Legal and Advisory Support

Giordano, Halleran & Ciesla acted as legal counsel for World during the acquisition process, while Reagan Consulting provided advisory services. For SIG, Parrett Porto served as legal counsel and BH Burke & Company advised on the transaction. This collaborative effort ensured a smooth transition and alignment of goals between both organizations.

Get to Know World Insurance Associates

Headquartered in Iselin, N.J., World Insurance Associates is a full-service organization providing comprehensive insurance solutions to both individuals and businesses. Established in 2011, World has grown rapidly, completing over 200 acquisitions in a short span, and currently operates from more than 250 offices nationwide. Their recognition includes ranking among the top institutions by Business Insurance and Insurance Journal for their excellence in various service categories.

Frequently Asked Questions

What services does Sprague Israel Giles provide?

Sprague Israel Giles specializes in commercial property and casualty insurance, employee benefits, and personal insurance, including niche products for the natural and cannabis sectors.

When was Sprague Israel Giles founded?

Sprague Israel Giles was established in 1958 and has since built a reputation for excellence in the insurance industry.

Who leads Sprague Israel Giles now?

The current leadership includes President John Policar and several Vice Presidents dedicated to maintaining high service standards.

How does this acquisition benefit World Insurance Associates?

The acquisition allows World to expand its footprint into Washington and enhances its service capabilities, offering clients more comprehensive insurance solutions.

What does World Insurance Associates offer?

World offers a full range of insurance services, including personal and commercial insurance, employee benefits, retirement planning, and human capital management solutions.

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