#United States #Insurance Brokerage #World Insurance #Iselin #Arctic Risk

World Insurance Associates Acquires Arctic Risk Specialists

On June 1, 2026, World Insurance Associates LLC, recognized as one of the Top 50 Insurance Brokerages in the nation, announced a significant expansion through the acquisition of Arctic Risk Specialists (ARS), based in Toms River, New Jersey. The specific terms of this acquisition were not disclosed to the public, but the strategic move marks a notable increase in World Insurance’s capabilities within the insurance market.

ARS, founded in 2014 by Thomas Nastasi, specializes in commercial insurance with a strong focus on contractor-related risks, particularly within the niche market of snow and ice management. This specialization has afforded ARS an impressive reputation within that sector, delivering tailored insurance solutions and ensuring that businesses are adequately protected against inherent risks.

Thomas Nastasi expressed enthusiasm about the acquisition, stating, "We pride ourselves on the ability to offer our customers the best rates while ensuring they have the correct coverage to protect their most important asset—their business. We are excited to join World and look forward to increasing the products and services we offer." His sentiments reflect a commitment to enhancing service delivery and expanding offerings which will benefit existing and future clients.

The acquisition has been welcomed by World Insurance’s Executive Chairman and Founder, Rich Eknoian. He stated, "On behalf of the World family, I'd like to welcome ARS. They have a strong reputation and will strengthen our presence in our home state of New Jersey." This welcoming emphasizes the importance of ARS’s established credibility and how it aligns with World’s mission to empower small and medium-sized businesses through innovative insurance solutions.

In addition to enhancing its product offerings, World Insurance Associates aims to leverage ARS's expertise to further assist clients in navigating commercial insurance challenges. This strategic acquisition underscores World’s intention to provide a diverse range of customized insurance solutions tailored to varying business needs while augmenting their industry knowledge and market reach.

World Insurance Associates is headquartered in Iselin, New Jersey, and operates with a mission dedicated to supporting businesses across both the U.S. and U.K. With a comprehensive network of brokers and specialists, World Insurance enables business owners to make informed decisions regarding their risk management, employee benefits, and long-term financial goals.

For further information about World Insurance Associates and its newly expanded offerings following its acquisition of ARS, interested parties can visit their official website, www.worldinsurance.com. The site provides insights into the diverse range of services available, including commercial and personal insurance, employee benefits, wealth management, and more.

As the insurance landscape continues to evolve, acquisitions like that of ARS by World Insurance Associates showcase the ongoing trend of consolidation within the brokerage sector, aimed at enhancing service capabilities and solidifying market positions amidst changing consumer needs and industry demands. This acquisition not only signifies growth for World Insurance Associates but also represents a shift towards more specialized services tailored for specific markets, which is essential in today’s competitive landscape.