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 big enlargement 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, house, and enterprise insurance coverage. The agency focuses on maritime and New York Metropolis development insurance coverage and offers a singular nationwide roller-skating program.

Giordano, Halleran & Ciesla supplied authorized counsel to World, with Sica Fletcher appearing as its advising agency. On the opposite aspect, Betancourt, Greco & Evans LLC provided authorized recommendation to JBL, with The Manhattan Group serving as their marketing consultant. The announcement didn’t disclose some other 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 corporations.

“It has at all times been our perception that our shoppers 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 shopper 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 want to welcome JBL to the World household. I do know Joe and his group shall be an excellent addition to our group,” he stated.

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

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 function of nationwide development chief.

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