World Insurance Associates
Founded Year
2011Stage
Acq - Fin | AliveTotal Raised
$1.6MAbout World Insurance Associates
World Insurance Associates is an independent insurance agency. It offers personal and business insurance solutions and specializes in insurance for transportation companies, hospitality companies, and coastal and high-value home markets. The company was founded in 2011 and is based in Red Bank, New Jersey. In March 2020, World Insurance Associates was acquired by Charlesbank Capital Partners. The terms of the transaction were not disclosed.
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Latest World Insurance Associates News
Mar 28, 2023
March 28, 2023 New You can now listen to Insurance Journal articles! National insurance broker World Insurance Associates has acquired the business of Finger Lakes Partners Insurance Services Inc. of Geneva, New York. Finger Lakes was formed in 2007 with the merger of Chacchia & Parrott and Henry Shepard Smith. In addition to its Geneva office, it has an office in Waterloo. The agency sells auto, home, business, life, boat and other insurance products. According to the announcement, all the principals of Finger Lakes Partners are joining World to continue to operate the business. Partners include Edward Boudreau, Charles Bartishevich, Daniel Chacchia, and John Parrott Jr. World Insurance is headquartered in Iselin, New Jersey. Since its founding in 2011, World has completed more than 185 acquisitions and serves its customers from more than 250 offices across the country. World is ranked #24 on the Top 100 P&C Agencies by Insurance Journal, and ranked #20 on the Top 50 Personal Lines Agencies by Insurance Journal. The transaction closed in January. Terms were not disclosed.
World Insurance Associates Frequently Asked Questions (FAQ)
When was World Insurance Associates founded?
World Insurance Associates was founded in 2011.
Where is World Insurance Associates's headquarters?
World Insurance Associates's headquarters is located at 656 Shrewsbury Ave, Red Bank.
What is World Insurance Associates's latest funding round?
World Insurance Associates's latest funding round is Acq - Fin.
How much did World Insurance Associates raise?
World Insurance Associates raised a total of $1.6M.
Who are the investors of World Insurance Associates?
Investors of World Insurance Associates include Charlesbank Capital Partners and NewStar Financial.
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