Skip to main content

World Insurance Associates Acquires Mid Atlantic Insurance Group

Written by Customer Service on . Posted in Mergers And Acquisitions.

Tinton Falls, NJ, Jan. 24, 2022 (GLOBE NEWSWIRE) — World Insurance Associates LLC (“WIA”), a Top 100 Insurance Brokerage, announced today that it acquired Mid Atlantic Insurance Agency (“Mid Atlantic”) of Richmond, VA on December 31, 2021. Terms of the transaction were not disclosed.

Founded in 1994, Mid Atlantic Insurance Group is a commercial wholesaler. They are proud of the long-term relationships they have with the top-rated carriers with whom they work. Mid Atlantic specializes in Workers Compensation.

“We are proud to provide the agencies that work with us with very competitive pricing and efficient turnaround times on their quotes,” says Steve Love, Leader, Mid Atlantic. “We are glad to be joining WIA and look forward to increasing the number of agencies we work with.”  

“I’d like to welcome Mid Atlantic to the World family,” says Rich Eknoian, CEO and Co-Founder of WIA. “I know they will continue to be successful.”

Giordano, Halleran & Ciesla provided legal counsel to WIA, and Grant Thorton advised them on the transaction. Hirschler Fleischer provided legal counsel to Mid Atlantic. No other advisors, diligence firms or legal counsel were disclosed.

About World Insurance Associates LLC

World Insurance Associates LLC (World) is headquartered in Tinton Falls, N.J., and is a full-service insurance organization providing individuals and businesses with top products and services across personal and commercial insurance lines, employee benefits, retirement and financial services and human capital management solutions. Since its founding in 2012, World has completed 140 acquisitions and serves its customers from more than 160 offices in the U.S. World is ranked #2 on Business Insurance’s Fastest Growing Brokers list, #53 on Business Insurance’s 100 Largest Brokers of U.S. Business list, #31 on Insurance Journal’s Top 100 Independent P&C Agencies list, and #38 on Insurance Journal’s Top 50 Personal Lines Agencies list. For more information, please visit www.worldinsurance.com.

CONTACT: Jean Wiskowski, Chief Marketing Officer
World Insurance Associates LLC
732-380-0900 Ext. 736
jeanwiskowski@worldinsurance.com

Bradley Unger, Senior Vice President, Business Development
World Insurance Associates LLC
732-712-2230
bradleyunger@worldinsurance.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.