World Insurance Associates Acquires Consumers Choice Underwriters

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World Insurance Associates announced its acquisitions of Consumers Choice Underwriters Inc. of Miramar, Florida, on June 1. Terms of the transaction were not disclosed.

Consumers Choice writes property/casualty insurance throughout Florida including homeowners, commercial and special event insurance. The agency was founded in 2010 by Maria Pineda and is currently owned by Giovanni Gutierrez.

World Insurance Associates, based in Iselin, New Jersey, ranks No. 24 on Insurance Journal’s Top 100 Agencies ranking with P/C revenue in 2021 of $154 million.

“I’d like to personally welcome Consumers Choice to the World family,” says Rich Eknoian, CEO and co-founder of WIA. “I know they will continue to be successful as part of World.”

“At Consumers Choice, we work to provide our clients with the products and services that meet their needs, at the best possible price,” says Giovanni Gutierrez, Owner, Consumers Choice. “We are looking forward to being a part of the World organization and providing even more products and service to our clients.”

Giordano, Halleran & Ciesla provided legal counsel to WIA, and TAG Consulting Services advised them on the transaction. The Law Offices of Keith A. Schafer, P.A. provided legal counsel to Consumers Choice. No other advisors, diligence firms or legal counsel were disclosed.

Topics Mergers & Acquisitions Underwriting

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