World Insurance Associates wraps up latest acquisition

Tinton Falls-based World Insurance Associates LLC has acquired an Indiana advisory firm, it announced this week.

The deal for Pinnacle Insurance Group of Indiana, an insurance and risk management adviser for commercial and personal insurance clients nationwide, was completed in May.

Financial terms were not disclosed.

“Pinnacle Insurance Group has established a reputation for high ethical standards, which we greatly value and welcome at our organization,” World Insurance co-founder and CEO Rich Eknoian said in a prepared statement. “We warmly welcome the Pinnacle Insurance Group team and look forward to working closely together.”

World Insurance has completed 63 acquisitions since its founding in 2012 and has 49 offices in 12 states and the District of Columbia.