World Insurance Associates Enhances Its Portfolio with Bafumi Insurance Acquisition

World Insurance Associates LLC, one of the leading insurance brokerages in the nation, has recently made significant waves in the insurance sector by announcing the acquisition of Bafumi Insurance Agency, located in Middletown, Connecticut. This strategic move, officially completed on August 1, 2025, aligns with World’s commitment to expanding its reach and enhancing service offerings in the insurance market.

About Bafumi Insurance Agency

Founded by Guido Bafumi, the Bafumi Insurance Agency has built a formidable reputation for providing comprehensive property, casualty, life, and health insurance solutions. The agency’s commitment to educating clients on insurance options and delivering competitive coverage has made it a trusted name throughout Connecticut. President Guido Bafumi expressed excitement about the partnership, stating, "Our goal is to educate our clients on the best options for their insurance needs. We are dedicated to providing the best coverage at competitive rates. As part of World, we have access to additional products and services to meet the needs of our customers. We are excited to join the World team."

This acquisition not only allows Bafumi Insurance to enhance its service offerings but also indicates World Insurance Associates’ commitment to providing a wider array of insurance solutions. By leveraging its extensive resources, World aims to support Bafumi's existing clientele while attracting new customers.

A Word from Leadership

Rich Eknoian, CEO and Co-Founder of World Insurance Associates, warmly welcomed Bafumi to the World family. He stated, “On behalf of the World family, I'd like to welcome Bafumi. Bafumi brings an experienced team to World, and I know they will continue to grow and be successful.” This sentiment emphasizes a collective vision for growth, innovation, and superior service.

Support from Legal Counsel

The acquisition was supported by legal advice, with Giordano, Halleran & Ciesla representing World Insurance Associates and Andros, Floyd & Miller, P.C. advising Bafumi Insurance Agency. Philo Smith Securities LLC also played a crucial role by providing financial oversight for Bafumi in the transaction. However, details regarding the specific terms of the acquisition remain undisclosed.

The Future of World Insurance Associates

World Insurance Associates operates more than 300 offices across the United States and the United Kingdom, solidifying its stature as a top-tier financial services organization. This acquisition represents not just a growth move but a strategic alignment aimed at enhancing risk management solutions for clients. With data-driven analytics and a robust network of specialists, World continues to innovate product offerings tailored to the evolving needs of its customers.

As World looks to the future, the integration of Bafumi Insurance into its portfolio is expected to bolster its presence in the Connecticut market while providing a platform for comprehensive insurance solutions across both personal and commercial sectors. The expansion reinforces World’s mission to help clients make informed decisions, thereby improving their long-term financial outcomes.

Someday soon, we could see Bafumi's innovative services seamlessly integrated into World Insurance Associates’ extensive network, providing unparalleled value to customers seeking comprehensive insurance solutions. For more details about the offerings and services by World Insurance Associates, visit World Insurance.