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World Insurance Associates Expands with Royalty Insurance Services Acquisition

On April 3, 2025, World Insurance Associates LLC announced its acquisition of Royalty Insurance Services, a highly regarded provider of commercial trucking insurance headquartered in Van Nuys, California. This strategic move enhances World’s offerings in the trucking insurance sector, a field Royalty has specialized in for over 23 years.

Background of Royalty Insurance Services
Founded in 2001, Royalty Insurance Services has established a solid reputation in the commercial insurance landscape, focusing primarily on the trucking industry. The firm provides a range of tailored insurance solutions designed specifically for trucking operations. Their offerings cater to various trucking needs, from long-haul to local deliveries, making them a versatile choice for their clients.

Oganes Sepuhyan, the President of Royalty Insurance Services, highlighted the company’s commitment to personalized service. “At Royalty, personalization is key,” he stated, emphasizing that insurance is more than just a cost; it plays a crucial role in creating a safety net for businesses. He expressed excitement about joining forces with World, noting the firm’s roots in the trucking industry and anticipated continued growth under the World umbrella.

The Acquisition Details
Though the terms of the acquisition were not disclosed, Rich Eknoian, the CEO and Co-Founder of World Insurance Associates, welcomed Royalty to their family, praising the firm’s established brand in the trucking sector and its team of skilled professionals. Eknoian remarked on the exceptional coverage offered by Royalty Insurance Services and expressed confidence that their expertise would contribute significantly to World’s portfolio.

World Insurance Associates is recognized as one of the Top 50 Insurance Brokerage firms in the U.S. and operates more than 300 offices across the country and in the U.K. Their broad network allows them to provide comprehensive financial services, encompassing not only commercial and personal insurance but also employee benefits and wealth management.

Legal Advisors Involved
The transaction was guided by legal expertise from Giordano, Halleran & Ciesla for World, while Fennemore Law served as counsel for Royalty. MarshBerry played a key role in advising World throughout the acquisition process.

Looking Forward
With this acquisition, World Insurance Associates aims to expand its influence in the trucking insurance market while offering clients innovative solutions backed by expansive resources. The merger signifies a strategic alignment that not only enhances service delivery but also underscores a commitment to meet the evolving needs of businesses in the trucking industry.

As the insurance landscape continues to change, collaborations like this can pave the way for innovative products and more comprehensive service offerings. Both firms are poised to thrive in an industry that requires agility, specialization, and customer-focused solutions.

For more details about World Insurance Associates and their services, visit World Insurance.