Insurance coverage dealer World Insurance coverage Associates introduced that it lately acquired the enterprise of Affiliated Insurance coverage Managers (AIM) of Warwick, Rhode Island.
AIM was based in 1937. Right now the company is primarily targeted on industrial strains, whereas additionally offering insurance coverage to people and households, in southern New England.
Sean P. Daly, CPCU, president and CEO of AIM, stated that becoming a member of World means AIM could have extra services and products to supply clients.
Giordano, Halleran & Ciesla supplied authorized counsel and Fortrust Diligence suggested World on the transaction. Winget, Spadafora & Schwartzberg LLP supplied authorized counsel to AIM on the transaction.
Phrases of the transaction weren’t disclosed.
World is headquartered in Iselin, New Jersey. Since its founding in 2011, World has accomplished greater than 200 acquisitions and now has greater than 250 workplaces throughout the nation. World is ranked #15 on the High 100 P&C Businesses by Insurance coverage Journal and #19 on the High 50 Private Traces Businesses and #19 on the High 50 Business Traces Businesses by Insurance coverage Journal.
Subjects
Mergers & Acquisitions
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