World Insurance coverage Associates provides JBL Trinity to its ranks

World Insurance coverage Associates (WIA) has introduced its acquisition of JBL Trinity Group of Atlantic Highlands, efficient January 1, 2024.

Whereas the monetary particulars of the merger stay undisclosed, this transaction is predicted to mark a major growth for World Insurance coverage Associates.

Based in October 1997, JBL has carved a distinct segment for itself by providing an array of insurance coverage merchandise, together with auto, dwelling, and enterprise insurance coverage. The agency focuses on maritime and New York Metropolis development insurance coverage and offers a novel nationwide roller-skating program.

Giordano, Halleran & Ciesla supplied authorized counsel to World, with Sica Fletcher performing as its advising agency. On the opposite facet, Betancourt, Greco & Evans LLC supplied authorized recommendation to JBL, with The Manhattan Group serving as their advisor. The announcement didn’t disclose another corporations concerned in due diligence or authorized counsel.

Joseph DiMattina, CEO of JBL Trinity, expressed his enthusiasm for the acquisition, highlighting the shared values between the 2 firms.

“It has all the time been our perception that our shoppers are our companions and should be handled with honesty and respect. Honor, belief, integrity and ingenuity are the core ideas which information us in our day by day pursuit of offering distinctive service to our consumer companions,” DiMattina acknowledged.

DiMattina additionally spoke on his enthusiasm for becoming a member of forces with World, an organization that mirrors JBL’s dedication to those ideas, he claimed.

Wealthy Eknoian, CEO and co-founder of World Insurance coverage Associates, additionally welcomed JBL into the increasing brokerage.

“I wish to welcome JBL to the World household. I do know Joe and his workforce can be an important addition to our group,” he stated.

In different latest developments, WIA has introduced a number of appointments to mark an growth of its management workforce.

Earlier this month, the brokerage revealed the appointment of Renae Flanders as its new chief monetary officer. In the meantime, in January, the agency additionally added John Peterson to its ranks as its new chief development officer, with predecessor Frank Costa transitioning to the position of nationwide development chief.

What are your ideas on this story? Please be happy to share your feedback under.