Terms of the transaction were not disclosed.
Howard Russell Insurance, a full service, independent insurance agency serving the needs of clients throughout Rhode Island and southern New England, was founded in 1956 by Howard E. Russell Jr., and his wife, Bess. The company is owned and operated by their daughters, Sally Russell and Heidi Russell Duggan.
“At Howard Russell, we are committed to excellence,” Sally Russell stated.
“Our team of professionals offer unparalleled customer support and expert advice,” Russell Duggan added. “We are excited to continue this commitment to our clients as part of World.”
“I’d like to personally welcome Howard Russell Insurance to the World family,” Rich Eknoian, co-founder and CEO of WIA, said. “Their strong commitment to their clients and excellent customer service will fit very nicely with World’s mission and goals.”
Giordano, Halleran & Ciesla provided legal counsel to WIA, and Kiernan, Plunkett & Redihan LLP provided legal counsel to Howard Russell. No other advisers, diligence firms or legal counsel were disclosed.