World Insurance Associates Acquires Abacus Insurance and Financial Services
August 12, 2025
World Insurance Associates LLC acquired the business of Abacus Insurance and Financial Services (Irving, TX) effective April 1, 2025; terms were not disclosed. The deal brings Abacus's commercial-lines expertise — with a niche in hotels/motels and convenience stores — into World's Texas operation to deepen its local capabilities and client offerings.
- Targets
- Abacus Insurance and Financial Services
- Sellers
- Abacus Insurance and Financial Services, Rafiq Hassan, Abid Hassan, Shahira "Saira" Somani, Ankit Patel
- Industry
- Insurance
- Location
- Texas, United States
- Transaction Type
- Buyout
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