World Insurance Associates Welcomes Dunaway and Hoosier Agencies
World Insurance Associates Expands Through Strategic Acquisitions
World Insurance Associates LLC has made a significant move by acquiring Dunaway Insurance Agency and Hoosier Insurance Agency, two well-established agencies known for their strong community focus. This merger is expected to enhance the services offered to existing clients while also expanding the outreach to new customers.
Understanding Dunaway Insurance Agency
Dunaway Insurance Agency was established in 1979 and has been under the leadership of Doug Todd since its acquisition in 1994. Under Doug and his wife Tina’s stewardship, Dunaway has cultivated a dedicated client base, primarily concentrating on commercial, agricultural, and personal lines of insurance. Their approach emphasizes a personal touch in understanding clients' needs and providing tailored insurance solutions.
Commitment to Client Relationships
Douglas Todd expresses, "At Dunaway and Hoosier, our ongoing dedication to our family of clients is pivotal for our enduring success." This philosophy reflects the agency's commitment to delivering well-rounded insurance programs that safeguard clients' invaluable possessions. Being part of World will enable Dunaway to enhance its offerings with additional products and services.
Hoosier Insurance Agency Overview
Founded in 1990 by Doug's father, Hoosier Insurance Agency has become a trusted name in personal insurance lines. Doug Todd took over operation in 2005, continuing the family legacy of providing exceptional service. The agency's commitment to meeting the unique needs of its clients has solidified its reputation within the community.
Integration into a Larger Family
Rich Eknoian, CEO and Co-Founder of World, warmly welcomes both agencies into the World family, noting their robust roots in the community and their stellar reputation. He highlights the synergy that will arise from the acquisition, suggesting that both Dunaway and Hoosier will not only thrive but also continue their growth trajectory under the broader umbrella of World Insurance Associates.
Legal Advisory and Support
The acquisition was supported by legal advisories, with Giordano, Halleran & Ciesla assisting World, while Schwell Wimpfheimer & Associates provided counsel to Dunaway and Hoosier. This transaction underscores a strategic collaboration that ensures both parties are well-supported through the legal complexities involved in such mergers.
About World Insurance Associates LLC
World Insurance Associates is a nationally recognized financial services organization based in Iselin, N.J., proudly serving clients from over 300 offices throughout the United States and the UK. The firm's comprehensive services cater to commercial and personal insurance needs, employee benefits, wealth management, and more. The commitment to data-driven analytics allows World to create innovative products and solutions that align with clients' specific requirements, supporting them in managing risk and achieving financial goals.
Frequently Asked Questions
What motivated World Insurance Associates to acquire Dunaway and Hoosier?
The acquisition aims to enhance service offerings and expand the reach of both agencies while integrating their strong community focus.
How long has Dunaway Insurance Agency been in business?
Dunaway Insurance Agency was founded in 1979 and has been successfully operating since then.
Who leads Dunaway Insurance Agency currently?
Doug and Tina Todd currently lead Dunaway Insurance Agency, focusing on various insurance lines.
What is the main focus of Hoosier Insurance Agency?
Hoosier Insurance Agency primarily concentrates on personal lines of insurance, ensuring clients receive tailored coverage.
What kind of support did both agencies receive during the acquisition?
Legal counsel was provided to both agencies, ensuring a smooth transition and adherence to legal requirements during the acquisition process.
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