World Insurance Associates acquires N.Y. agency

    Tinton Falls-based World Insurance Associates LLC has acquired a New York state-based agency, it announced Monday.

    The insurance agency said in a news release that it purchased Countywide Insurance Agency, based in Jefferson Valley, on July 1. Countywide provides insurance for individuals and businesses in New York and Florida.

    “We’re committed to developing and nurturing long-term relationships with our clients and carriers,” said Robert Strauss, now manager of World’s Countywide Insurance Agency unit. “Our partnership with World Insurance Associates allows us to do so with the backing and resources of a nationally recognized company.”

    The move is the second announced by World in a week, following its deal for Maximum Benefit Insurance Agency, located in Saddle Brook.

    Financial terms were not disclosed.

    Giordano, Halleran & Ciesla provided legal counsel to World, while Veneruso, Curto, Schwartz, and Curto LLP provided it to Countywide. Policastro & Associates advised Countywide on the transaction.

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