World Insurance Associates LLC reports it acquired the business of Archambault Insurance Associates of Putnam, Connecticut in December. Terms of the transaction were not disclosed.
Archambault was founded in 1928 by Joseph A. Archambault. Today the third-generation, family-owned, full-service agency serves individuals, families and businesses in Connecticut, Rhode Island, and Massachusetts. Archambault provides personal, commercial, life and health, and surety insurance.
World Insurance is headquartered in Iselin, N.J., and is a nationally ranked, full-service insurance organization. Since its founding in 2011, World has completed more than 250 acquisitions and serves its clients from more than 250 offices across the United States. World is ranked #15 on the Top 100 P&C Agencies by Insurance Journal, ranked #19 on the Top 50 Personal Lines Agencies and ranked #19 on the Top 50 Commercial Lines Agencies by Insurance Journal.
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