World Insurance Associates Acquires CDR Insurance Group Inc.

ISLIN, N.J., Nov. 8, 2022 (GLOBE NEWSWIRE) — World Insurance Associates LLC (“WIA”), a top 50 insurance broker, today announced the acquisition of Waterbury’s CDR Insurance Group, Inc. (“CDR”). announced the acquisition. CT on October 1, 2022. Terms of the transaction were not disclosed.

CDR was founded in 1992 by Rick Rice. Today, the company offers commercial and personal insurance products and services to its clients in England, New York and New Jersey.

“At CDR Insurance Group, Inc., we want to help our customers protect the most valuable things in their lives,” said Rick Rice, owner of CDR Insurance Group Inc. customer.”

“We offer unparalleled customer support, so we are always there when you need us most. We give you the extra layer of protection you’re looking for.” It’s been great to be a part of it and we will continue to do so.

WIA CEO and co-founder Rich Eknoian said: “I know they will continue to thrive as part of the world.”

Giordano, Halleran & Ciesla provided legal counsel to WIA and MarshBerry provided advice on the transaction. Schwell Wimpfheimer & Associates provided legal counsel to his CDR and Helfer & Associates advised on the transaction. No other advisors, diligence firms or legal counsel were disclosed.

About World Insurance Associates
World Insurance Associates LLC (World), headquartered in Iselin, New Jersey, provides individuals and businesses with personal and business insurance, employee and executive benefits, retirement and financial services, and human capital management solutions. Since its inception in 2011, World has completed 160 of his acquisitions and serves clients from more than 250 of his offices across the United States. World ranks 34th on Business Insurance’s list of 100 largest brokers for U.S. businesses, 2nd on Business Insurance’s fastest growing broker list, and Business Insurance’s fastest growing benefit Ranked 3rd in broker list. He is a top 100 P&C agency by Insurance Journal and a top 50 personal insurance agency by Insurance Journal. For more information, see: www.worldinsurance.com.

        

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