World Insurance Associates Acquires Abacus Insurance and Financial Services

World Insurance Associates Acquires First International Insurance

October 1, 2024

Insurance

World Insurance Associates LLC acquired the insurance business of First International Insurance (a division of First International Bank & Trust) effective October 1, 2024; terms were not disclosed. FI Insurance — which operates 12 locations across North Dakota, Minnesota and Arizona and specializes in contractors, trucking, oil & gas, hospitality and agricultural lines — will operate as part of World to expand the acquirer's geographic footprint and product offerings.

World Insurance Associates Acquires NorthStar Insurance Services

July 1, 2024

Insurance

World Insurance Associates LLC, a nationally ranked insurance brokerage headquartered in Iselin, New Jersey, acquired the business of NorthStar Insurance Services of Needham, Massachusetts, effective July 1, 2024. Terms were not disclosed; NorthStar (founded in 1995) is one of New England's larger independent insurance agencies providing business and personal insurance and risk management services.

World Insurance Associates Acquires Archambault Insurance Associates

December 1, 2024

Insurance

World Insurance Associates LLC, a nationally ranked insurance brokerage, acquired the business of Archambault Insurance Associates of Putnam, Connecticut effective December 1, 2024. The family-owned, full-service agency will join World to expand the firm's presence in Connecticut; financial terms were not disclosed.

World Insurance Associates Acquires AVI Insurance Group

December 15, 2023

Insurance

World Insurance Associates LLC acquired the business of AVI Insurance Group, LLC of Southington, Connecticut on December 1, 2023. AVI, a specialty agency focused on hospitality insurance for hotels and motels (and select commercial lines), will expand World’s hospitality capabilities and client offerings across its national brokerage platform.

World Insurance Associates Acquires Five Regional Insurance Agencies in Louisiana and Houston

August 1, 2024

Insurance

World Insurance Associates LLC acquired the businesses of five regional insurance agencies — The Firm of Louisiana P&C, McFatter Insurance Agency, Insure Plus LLC, The Firm of Cenla, and Creekside Risk Management LLC — effective August 1, 2024. The transaction expands World’s footprint in Louisiana and Houston, Texas; terms were not disclosed.

World Insurance Associates Acquires SAS Insurance Agency

December 31, 2021

Financial Services

World Insurance Associates LLC (WIA), a Tinton Falls-based insurance consolidator, acquired SAS Insurance Agency, Inc. of Kearny, New Jersey effective December 31, 2021. SAS, founded in 1965 and owned by Michael Symeonides since 2002, will continue operating from its existing location with its professional staff as part of WIA's expanding broker network.