World Insurance Associates names new chief growth officer

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Iselin-based World Insurance Associates announced Thursday that industry leader John Peterson has joined World as its new chief growth officer, effective Jan. 10.

In his new role, Peterson, who is based in Chicago, will be responsible for driving new business, client cross-sell initiatives and overseeing the retail sales infrastructure. He will be responsible for driving revenue growth by ensuring all clients and prospective clients have visibility to the vast resources available from the World organization.

Frank Costa, World’s current chief growth officer, will move to the newly created national growth leader role, where he will be dedicated to supporting World’s advisers with driving revenue goals across all facets of the business.

“We are delighted to have John join World and oversee our organic growth initiatives and to have Frank support John and the broader sales team as our new national growth leader role,” Rich Eknoian, CEO of World, said. “Having this level of expertise in both roles will lead to an improved experience for our clients and partners, which of course is our main goal.”

“John brings a tremendous amount of experience to World, and I am thrilled to have him on the team,” Tom Fitzgerald, president of World Retail, said. “John and Frank collaborating across our ever-expanding retail business ensures our advisers will be well-positioned to deliver the best possible experience and solutions to our clients.”

“This is truly an exciting opportunity at this point in my career,” Peterson said. “World’s growth over these past several years has been impressive and I am honored to join the firm and continue leading our organic growth strategy.”

Peterson comes to World with more than 30 years of leadership experience at broking giant Aon Risk Services, where he served in a host of leadership and growth roles, most notably co-leading U.S. retail sales, where he led a team responsible for producing hundreds of millions in new business annually. Beyond sales, Peterson led Aon Financial Services Group, Aon Risk Solutions of Illinois as well as helped form Aon’s strategy for cyberrisk management and insurance solutions. He has a proven track record in building highly successful teams in many disciplines.