Insurance broker World Insurance Associates said it acquired the business of Shield Insurance Services of Freehold, New Jersey on June 1, 2023.
Shield specializes in commercial insurance to the transportation sector, with a particular focus in the moving and storage industry. Jose Caraballo is president of Shield.
Terms of the transaction were not disclosed.
World Insurance Associates is headquartered in Iselin, New Jersey. Since its founding in 2011, World has completed more than 195 acquisitions and serves its customers from more than 250 offices. World is ranked #24 on the Top 100 P&C Agencies by Insurance Journal, and #20 on the Top 50 Personal Lines Agencies by Insurance Journal.
Topics Mergers & Acquisitions New Jersey
Was this article valuable?
Here are more articles you may enjoy.
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
Comulate Loses Appeal for Injunction Against Applied Systems 
OpenAI’s Altman Says AI Unlikely to Lead to ‘Jobs Apocalypse’ 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
