#United States #World Insurance #Iselin #Grandview Brokerage #Insurance Sector

Grandview Brokerage's Strategic Move to Join World Insurance Associates

On February 20, 2025, World Insurance Associates LLC, one of the top-ranking insurance brokerages in the United States, announced its acquisition of Grandview Brokerage LLC. This significant development, effective from November 1, 2024, positions World to expand its portfolio and further enhance the services offered to their clients.

A New Chapter for Grandview Brokerage

Based in Brooklyn, New York, Grandview Brokerage has established itself as a leading provider of commercial and personal insurance, specializing in sectors such as healthcare, real estate, and the jewelry industry. With a commitment to safeguarding clients' assets, homes, and businesses, Grandview has built a reputation for delivering tailored insurance solutions that strike the perfect balance between cost and coverage.

Michael Schwimmer, CEO of Grandview, expressed enthusiasm about the merger, stating, "We are dedicated to providing the ideal blend of security and sensibility when it comes to insurance. Joining forces with World allows us to enhance our service with additional products that cater to our clients' specific needs, ultimately elevating their insurance experience to a new level."

This acquisition not only boosts Grandview's capabilities by integrating more extensive resources from World but also presents an opportunity for clients to access a broader range of insurance solutions, thus customizing their coverage according to individual requirements.

Welcoming Grandview to the World Team

Rich Eknoian, CEO and Co-Founder of World Insurance Associates, welcomed Grandview into the fold with optimism. He noted, "The integration of the Grandview team into our operations signifies a substantial enhancement to our customer offerings. Their experience and expertise will be invaluable assets as we drive towards greater success together."

World Insurance Associates operates as a comprehensive insurance organization, providing both individuals and businesses with diverse insurance products, employee benefits, retirement planning, and financial services. Founded in 2011, the company has seen impressive growth, completing over 220 acquisitions and serving clients through more than 250 offices nationwide. Notably, World is recognized as the 28th largest broker of U.S. business, and it prides itself on being one of the fastest-growing benefits brokers.

Legal and Advisory Support

The merger has been well-supported by legal counsel from Giordano, Halleran & Ciesla for World and Katten Muchin Rosenman LLP for Grandview. Additionally, Alvarez & Marsal provided advisory services to World, marking a well-structured move toward the consolidation of both companies' offerings.

Conclusion

In conclusion, the merger between World Insurance Associates and Grandview Brokerage marks a strategic enhancement in the insurance landscape. It not only solidifies World’s standing in the market but also augments Grandview’s capabilities, providing an enriched and customized insurance experience for clients. As both firms join forces, the focus will remain on delivering high-quality services, ensuring that all customers feel secure and properly covered, no matter their needs.

For more detailed information about World Insurance Associates and their offerings, visit www.worldinsurance.com.