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US-based insurance coverage brokerage World Insurance coverage Associates (World) has acquired New Jersey-based JBL Trinity Group for an undisclosed quantity.
Established in 1997, JBL Trinity provides a spread of insurance coverage merchandise together with auto, dwelling and enterprise insurance coverage.
It’s centered on maritime and New York Metropolis development insurance coverage and provides a roller-skating programme, which is accessible nationally.
Giordano, Halleran & Ciesla and Sica Fletcher supplied authorized counsel for World, whereas Betancourt, Greco & Evans and the Manhattan Group suggested JBL Trinity on the transaction.
World CEO and co-founder Wealthy Eknoian mentioned:”I want to welcome JBL to the World household. I do know Joseph DiMattina and has staff can be a fantastic addition to our organisation.”
JBL Trinity CEO Joseph DiMattina mentioned: “It has all the time been our perception that our purchasers are our companions and have to be handled with honesty and respect. Honor, belief, integrity and ingenuity are the core ideas which information us in our each day pursuit of offering distinctive service to our consumer companions. I’m wanting ahead to becoming a member of World, an organization that shares these values.”
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Based mostly in Iselin, New Jersey, World offers a variety of insurance coverage services together with private and industrial insurance coverage, worker advantages, retirement planning and human capital administration options.
The most recent deal continues World’s current acquisition spree, which noticed the insurance coverage dealer purchase TW Group, Foy Insurance coverage Group, Calhoun Company and AVI Insurance coverage Group.
World acquired TW Group and Foy Insurance coverage Group in January this yr.
Based in 1946, TW Group specialises in enterprise, private, life and medical insurance.
In the meantime, Foy additional strengthened World’s presence within the insurance coverage market, providing specialised programmes like equine and sports activities insurance coverage.
Calhoun Company, which caters to people and companies, and AVI Insurance coverage, which provides insurance coverage for resorts and motels, have been acquired in December 2023.
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