Insurance brokerage World Insurance Associates reported that it recently closed on purchasing three insurance agencies in the Northeast.
World Insurance acquired Michael F. Iacangelo & Company Inc. of Belleville, New Jersey on September 1, 2022. Iacangelo, founded in 1957, sells personal lines coverages.
Also on September 1, World Insurance acquired Cotten Coverage Insurance Agency of Farmingville, New York. Cotten Coverage provides property/casualty personal lines and commercial lines on Long Island. The agency was founded in 1991 by Bob Cotten and his wife, Karen.
A month earlier, on August 1, World Insurance Associates acquired O’Brien and Gibbons Insurance Agency of Worcester, Massachusetts. Originally founded in 1961, O’Brien and Gibbons is retail personal and commercial lines agency.
Terms of the transactions were not disclosed.
World Insurance Associates is headquartered in Iselin, N.J. Since its founding in 2011, World has completed 160 acquisitions and serves its customers from more than 250 offices across the country.
Topics Mergers & Acquisitions Agencies
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