World Insurance Associates, Top 50 brokerage nationally, acquires Long Island firm

Iselin-based World Insurance Associates, a Top 50 insurance brokerage firm, announced Wednesday that it has acquired Cotten Coverage Insurance Agency of Farmingville, New York.

Terms of the deal, which closed Sept. 1, were not disclosed.

Cotten Coverage, founded in 1991, provides property & casualty personal lines products and services, as well as commercial lines products and services, to customers on Long Island.

Rich Eknoian, co-founder and CEO of Iselin-based WIA, said the firms are a good fit.

“Cotten Coverage is a successful agency — voted ‘Best Insurance Agency on Long Island’ for 10 years — and I know they will continue providing their clients the excellent service they have come to expect,” he said.

Giordano, Halleran & Ciesla provided legal counsel to WIA, and Fortrust Diligence advised them on the transaction.