#US #World Insurance #Iselin #Christopher Williams #Barrett Millard

World Insurance Associates Expands Its Portfolio

In a significant development for the insurance industry, World Insurance Associates LLC, ranked among the top 50 insurance brokerages, has recently announced the acquisition of Christopher Williams Agency and Barrett Millard LLC. This strategic move took effect on January 1, 2025, and is expected to enhance the service portfolio available to clients in the Rochester, NY area, where both agencies have established a strong presence over the years.

Overview of the Acquired Agencies

The Christopher Williams Agency has been a notable player in the insurance sector since its inception in 1961. It has earned a reputation for its commitment to exceptional service and strong client relationships. In contrast, Barrett Millard LLC, which joined the agency in 2023, has quickly built its own loyal clientele, further solidifying the combined agency's standing within the community.

According to Bill Millard from the Christopher Williams Agency, their long-standing success can be attributed to a dedication to high standards and an unwavering commitment to understanding and meeting customer needs. He emphasizes that securing strong relationships has been fundamental to their approach. Betty Barrett likewise echoes this sentiment, expressing optimism about the future under the World Insurance banner, noting that this addition will enable them to broaden their offerings significantly.

Strategic Reasons Behind the Acquisition

Rich Eknoian, the CEO and Co-Founder of World Insurance Associates, warmly welcomed the new agencies, highlighting that their professional ethos aligns remarkably well with World’s mission. This acquisition not only strengthens World Insurance’s position within the market but also promotes a culture of personalized service that is vital to client satisfaction.

Eknoian stated, “The agency is made up of professionals who take a genuine interest in their customers and their insurance needs. This approach aligns nicely with World's mission and I know they will continue to be successful.”

Legal and Financial Aspects of the Transaction

Legal counsel for World during this acquisition was provided by Giordano, Halleran & Ciesla, with MidCap Consulting advising on the transaction details. On the other side, the Christopher Williams Agency received legal support from Saunders Management, Lacy Katzen LLP, and Harter Secrest & Emery LLP. However, specific transaction terms remain confidential, leaving details regarding the financial implications undisclosed.

About World Insurance Associates LLC

World Insurance Associates LLC is a rapidly expanding national financial services organization headquartered in Iselin, New Jersey. The organization operates over 300 locations across the U.S. and the U.K., providing a wide array of services to meet the insurance and benefits needs of individuals and businesses.

World Insurance stands out not just for its extensive network of brokers but also for its innovative approach to risk management. The firm leverages data-driven analytics to offer tailored solutions aimed at addressing the unique needs of its clients. Their services span across commercial and personal insurance, employee benefits, wealth management, and beyond, enabling clients to achieve their long-term financial goals.

With this latest acquisition, World Insurance Associates continues to reinforce its position as a leader in the insurance brokerage space while expanding its capability to serve a diverse clientele.