Clements Worldwide, a Washington, D.C.-based insurance broker for individuals and organizations who work across international borders, announced the acquisition of The Financials for an undisclosed amount.
Amsterdam-based The Financials enhances Clements Worldwide’s presence in the Netherlands and expands its reach in the European market, said Clements in a statement.
“One of the strategic pillars at Clements Worldwide is to get ‘closer to the customer,'” said Clements Worldwide President Tarun Chopra. “Our relationship with The Financials has been overwhelmingly positive as Avi Ovadiah and his team are committed to exceed customer expectations through innovative solutions and exceptional customer service.”
Founded by Avi Ovadiah in 2018, The Financials provides a wide variety of brokerage services, including consulting, financing, investing, and insurance.
“We’re excited about joining the Clements Worldwide team,” says Ovadiah, risk consultant and partner, The Financials. “From our work ethic and culture to our aligned vision of the business, it’s a great match and we are very excited. The combination of Clements and The Financials advances our mission that we undertook from the beginning — to enable people and organizations the freedom to live and operate anywhere in the world.”
This marks the third acquisition by Clements Worldwide in recent years, as the firm seeks to grow its presence in major global markets.
“Our systematic, balanced approach to global expansion allows us to leverage acquisitions to achieve more organic growth,” said Chopra. “Establishing a footprint in the Dutch market is definitely a positive move in this journey.”
About Clements Worldwide
Clements Worldwide was founded in 1947 by Robert Clements and M. Juanita Guess-Clements with an aim to deliver customized solutions for clients who travel frequently, for work or pleasure. Clements is the first company to offer expatriate insurance for U.S. State Department employees, providing U.S. Foreign Service officers with insurance coverage while on overseas missions. Clements has four offices in Washington D.C., London, Brussels, Amsterdam and Dubai.
Source: Clements Worldwide
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