World Insurance Associates Welcomes Healey & Associates to Boost Employee Benefits Offerings

World Insurance Associates Strengthens Its Portfolio with Healey & Associates' Acquisition



On June 24, 2025, World Insurance Associates LLC, ranked among the Top 50 Insurance Brokerages, announced its recent acquisition of Healey & Associates, a well-respected firm based in Portland, Maine. This strategic move is designed to bolster World Insurance's employee benefits offerings across New England.

Healey & Associates has been providing specialized employee benefits since 1982, with a particular focus on serving clients within the nonprofit sector. With decades of experience under their belt, the Healey team has developed a reputation for truly understanding clients' needs, making their services vital for organizations aiming to provide robust employee benefits packages.

Matthew K. Arbo, Owner and President of Healey & Associates, expressed enthusiasm about the merger, stating, “At Healey Associates, our focus is on listening to our clients' concerns and challenges and then constructing solutions that last beyond the foreseeable future. Joining World allows us to access a broader range of products and services, enhancing our ability to serve clients effectively.”

Rich Eknoian, CEO and Co-Founder of World, echoed these sentiments, welcoming Healey to the World family. He highlighted the credibility and respect that Matt and his team command within the industry, indicating that their influence would be a valuable addition to World Insurance. “Healey is our first employee benefits agency in Maine. Their client-first approach and deep nonprofit expertise align perfectly with our values. Together, we'll deliver lasting solutions throughout New England,” said Jennifer Barton, Head of Employee Benefits at World.

The acquisition brings not only a new office location but also a wealth of essential knowledge in employee benefits tailored specifically for nonprofit organizations. This expansion aligns with World Insurance's mission of empowering clients through comprehensive services, enabling informed decisions that enhance risk management and benefits programs.

Legal counsel for the transaction was provided by Giordano, Halleran & Ciesla for World Insurance and Satin and Lee Law P.C. for Healey. In addition, MidCap Advisors offered advisory services to both parties. Although specific terms of the acquisition were not disclosed, merging these two companies is expected to create a compelling force within the employee benefits sector.

World Insurance Associates operates from over 300 offices across the U.S. and the U.K., catering to a diverse clientele. The organization prides itself on utilizing data-driven analytics to tailor risk management outcomes, benefits packages, and long-term financial solutions to the individual needs of its clients. This acquisition serves as a testament to World’s commitment to expanding its capabilities and resources in the employee benefits arena.

For more details about World Insurance Associates and the full array of services offered, visit www.worldinsurance.com to discover how they can assist organizations with their risk management and financial goals.

As the landscape of employee benefits continues to evolve, the merging of Healey & Associates with World Insurance Associates sets a precedent for future acquisitions within the industry that prioritize client needs and adaptable service offerings.

Topics Financial Services & Investing)

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