World Insurance Associates LLC, an independent agency based in Tinton Falls, New Jersey, announced the acquisition of the HTK/Hunt Traina Kennard Insurance Agency Inc., also based in Tinton Falls. Terms of the transaction were not disclosed.
HTK/Hunt Traina Kennard is an independent agency formed in 1996 after a merger of three agencies. The combined agency includes the former Hunt Agency, a second-generation, family-operated agency established in 1960; the Traina Insurance Agency, founded in 1987; and the Kennard Insurance Agency, a third-generation, family-run firm started in 1932.
HTK/Hunt Traina Kennard offers commercial and personal insurance to residents of Tinton Falls and surrounding areas. The firm has approximately $10.5 million in property/casualty premiums.
HTK/Hunt Traina Kennard owners and partners Glenn M. Kennard and Rich Hunt will continue to serve their agency clients, operating as the HTK/Hunt Traina Kennard Insurance Agency, a Division of World Insurance Associates. The current HTK/Hunt Traina Kennard location will close and HTK/Hunt Traina Kennard’s eight employees will move into World Insurance’s Tinton Falls headquarters office.
World Insurance Associates LLC is an independent agency with 57 employees and 10 offices in the Northeast region. The firm serves more than 15,000 customers and places more than $90 million in property/casualty premiums.