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World Insurance Associates LLC

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Year established

2011

Location

NJ US

Primary Industry

Insurance

About

Based in New Jersey, US, and founded in 2011, World Insurance Associates, LLC is an insurance agency that provides asset and lifestyle protection with risk management, insurance, and benefit consulting services for individuals and businesses. Greg Kroeger, Ed Wargins, Phil Nisbet, and Rich Eknoian (CEO) are the founders of the company. In 2020, Charlesbank Capital Partners acquired a majority stake in World Insurance Associates, LLC. The company is a full-service insurance brokerage that offers services to businesses and individual professionals from various industries. The company provides surety/bonding services like contract and construction, commercial bonds, fidelity bonds, and express bonds. It offers financial services benefits, group disability, group health, group life, PEO, and supplemental and voluntary benefits. The company offers personalized services like high-value home, home, renters, rent guarantees, condos, cars, classic cars, flood, personal umbrella, life, financial services, and special events.
Current Investors
Charlesbank Capital Partners

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Primary Industry
Insurance
Sub Industries
Consulting Services, Personal Insurance, Life Insurance, Insurance Intermediaries, Commercial Insurance
Website
www.worldinsurance.com
Verticals
InsureTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only

Deals

Deals Type
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Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed Sprague Israel Giles, Inc. 01 Aug 2024
Completed Skylands Insurance Group Inc. 01 Aug 2024
Completed United Counties Insurance Group LLC 01 Aug 2024
Completed NorthStar Insurance Services, Inc. 01 Jul 2024
Completed InterWeb Insurance LLC 01 Apr 2024
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