World Insurance Associates Expands Louisiana Operations with Strategic Acquisition

World Insurance Associates Expands Louisiana Operations

World Insurance Associates LLC, a prominent player in the insurance brokerage landscape, has strengthened its presence in Louisiana by acquiring five local insurance firms. This strategic move, which took effect on March 1, 2025, represents a significant milestone for World Insurance, known for its robust position among the top 50 insurance brokerages in the United States.

The acquired agencies—Insurance Unlimited of Louisiana, LLC, Erwin Insurance Agency, Inc., Burke Burke Insurance Marketing Inc., Courtney Insurance Services, Inc., and US Principal Insurance—are well-established players within the local market. They offer a diverse range of property, casualty, and employee benefit insurance solutions to both individual clients and businesses spanning various industries.

Rich Eknoian, the CEO and Founder of World Insurance Associates, expressed his enthusiasm about the new acquisitions, warmly welcoming the agencies into the World family. He stated, "With this transaction, World further increases its presence in the Louisiana market. In addition, these agencies bring experienced and tenured employees to our team. I look forward to their continued success." This sentiment reflects the company's commitment not only to growth through acquisition but also to the integration of skilled professionals who can contribute to its mission of delivering superior insurance solutions.

The acquisition complements World’s overarching strategy to broaden its market reach and enhance service accessibility in the southern region of the United States. Louisiana, known for its rich culture and diverse economy, presents ample opportunities for insurance growth. The integration of these agencies is expected to bolster World’s capabilities, allowing them to offer innovative insurance products tailored to meet the unique needs of Louisiana residents and businesses.

Experts in the field, including Alvarez & Marsal, provided advisory services to World regarding the transaction, while legal counsel was offered by Giordano, Halleran & Ciesla, with Greenberg Traurig, LLP also involved in advising the acquired entities. The collaborative efforts of these professionals underpin the successful navigation of this strategic acquisition.

World Insurance Associates, originally headquartered in Iselin, New Jersey, operates over 300 offices across the United States and the United Kingdom. The firm’s comprehensive network of brokers and specialists enables them to empower clients in making informed choices that enhance their risk management and maximize their long-term financial outcomes. By leveraging data-driven analytics, World develops innovative insurance products and solutions tailored to the specific needs of its diverse clientele, all while ensuring access to modernized benefits programs that promote financial security.

As World Insurance Associates embraces its expanded role in Louisiana, its focus remains on enhancing service delivery and developing new strategies that resonate with the evolving insurance needs of its clients. The company’s ethos emphasizes a client-centered approach, ensuring that all insurance solutions are attentive to the dynamic nature of market demands.

This acquisition signifies a noteworthy chapter not just for World Insurance Associates but also for the local Louisiana insurance market as it catalyzes competition and innovation. By investing in local agencies with established reputations, World is poised to capitalize on regional opportunities and set a standard for service excellence in the insurance sector.

In conclusion, World Insurance Associates is not just expanding its geographical presence; it is enriching the fabric of its insurance services in Louisiana with experienced professionals focused on delivering value and success. This thoughtful integration represents a strategic advancement for World and a promising development for Louisiana residents seeking quality insurance solutions.

For more information about World Insurance Associates and their offerings, visit World Insurance Associates.