World Insurance coverage Associates LLC introduced that it acquired the enterprise of First Worldwide Insurance coverage (“FI Insurance coverage”) -a division of First Worldwide Financial institution & Belief of Watford Metropolis, North Dakota on October 1, 2024. Phrases of the transaction weren’t disclosed.
FI Insurance coverage has over 100 years of historical past and focuses on contractors, contractor bonds, trucking, oil and gasoline manufacturing, hospitality, farm, agriculture, crop and hail. At this time they’ve twelve places throughout North Dakota, Minnesota, and Arizona.
Giordano, Halleran & Ciesla supplied authorized counsel and Alvarez & Marsal suggested World on the transaction. Potomac Regulation Group, PLLC supplied authorized counsel and MarshBerry suggested FI Insurance coverage on the transaction. No different advisors, diligence corporations, or authorized counsel have been disclosed.
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Mergers & Acquisitions
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