Iselin, NJ, October 27 2022 (GLOBE NEWSWIRE) — World Insurance Associates LLC (“WIA”), Top 50 Insurance Brokers Circle Insurance Agency Inc. of Danvers. (“Circle Insurance”) announced today that it has acquired MA on October 1; The year 2022. The terms of the transaction are not disclosed.
Founded in 1989 by James M. Holbrook, Circle Insurance has grown into a full service insurance agency covering Personal and Commercial Lines and Financial Services.
“We are committed to a high standard in everything we do to build relationships of mutual trust and service with each of our clients,” said Christine Frary, president of Circle Insurance Agency Inc. “World, a company that shares this commitment.”
“As a result of going global, we are able to offer our customers more products and services while maintaining the high level of service they have come to expect from Circle Insurance,” said Mike Holbrook, president of Circle Business Insurance Inc.
“On behalf of everyone at WIA, I want to welcome Circle Insurance to the global family,” said Rich Eknoian, CEO and Co-Founder of WIA. “As a result of this acquisition, World is expanding its presence in eastern Massachusetts, southern New Hampshire and Maine.
Giordano, Halleran and Ciesla provided legal counsel to WIA, and Connor Group advised them on the transaction. McInnis Law Offices provided legal counsel to Circle Insurance. other advisors; No due diligence firms or legal advisors are disclosed.
About World Insurance Associates LLC
World Insurance Associates LLC (World) is headquartered in Iselin, NJ. A nationally ranked insurance organization providing individuals and businesses with premier products and services in personal and commercial insurance; employee and executive benefits; retirement and financial services and human capital management solutions. Since its founding in 2011, World has completed 161 acquisitions and serves its clients from more than 250 offices across the United States. #34 in the world on the US Business’ 100 Largest Brokerage by Business Insurance; #2 in #2 by Business Insurance; #3 in #3 from Business Insurance; 24th rank from Business Insurance; A personal lines agency ranked among the Top 100 P&C agencies by Insurance Journal and Top-50 by Insurance Journal. For more information, visit www.worldinsurance.com.
CONTACT: Jean Wiskowski, Chief Marketing Officer World Insurance Associates LLC 732-380-0900 Ext. 736 [email protected] Bradley Unger, Senior Vice President, Business Development World Insurance Associates LLC 732-712-2230 Ext. 186 [email protected]