World Insurance Associates LLC Acquires Northern Insurance Group/Worldwide Risk Management, Inc. of Portland and Jackman, ME and Plantation, FL

TINTON FALLS, N.J., July 31, 2018 /PRNewswire-iReach/ -- World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, NJ, acquired Northern Insurance Group/Worldwide Risk Management of Portland and Jackman, Maine and Plantation, Florida on July 2, 2018.

Northern Insurance Group is an independent insurance agency with agents licensed in 30 states providing personal, commercial, and employee benefit insurance. The agency serves individuals, groups, associations, and businesses with a commitment to excellence. Northern Insurance Group is a subsidiary of Worldwide Risk Management, Inc., one of the industry's largest DBA (Defense Base Act) brokerages which specializes in helping companies of all sizes maintain and satisfy the stringent requirements of conducting business internationally. Whether a company needs Defense Base Act (DBA) Coverage, Foreign Liability, Defense Contractors Insurance, Foreign Workers Compensation, or Medical Evacuation Coverage, Worldwide Risk Management, Inc., will assist in developing an insurance and risk management program to suit most any situation.

Rich Eknoian, co-founder of World Insurance Associates LLC, stated "We warmly welcome the Northern Insurance Group and Worldwide Risk Management team to our organization. Their specialized knowledge and excellent customer service are a great asset to our customers and our company as a whole."

"We are excited to gain new capabilities and markets through our partnership with World Insurance Associates, while at the same time expanding its international insurance services," said Jason Allen, who joins the company as President of the Worldwide Risk Management Unit.

World Insurance Associates LLC is an independent insurance agency headquartered in Tinton Falls, NJ. It offers extensive, cost-effective personal and business insurance solutions in 46 states. The company specializes in transportation, hospitality, self-storage facilities, construction (surety), manufactures, and law firms. World Insurance Associates also provides group benefits and property and casualty insurance to companies of all sizes in a variety of industries in addition to insurance services for individuals, focusing on coastal properties and high net worth clients. World Insurance Associates began business in 2012, has completed 31 acquisitions, and serves its customers from 18 offices in NJ, PA, NY, CT, RI, ME, OH and FL. The company is ranked #20 on the list of New Jersey's 2017 50 Fastest Growing Companies, #6 in New Jersey's Top Insurance Brokerages, and has been named to the 2018 Inc.5000 list. For more information, please visit www.worldins.net.

Media Contact: Rich Eknoian, World Insurance Associates LLC, 732-523-2106, [email protected]

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SOURCE World Insurance Associates LLC