World Insurance Associates Adds Connecticut Provider – NJBIZ

World Insurance Associates made another acquisition in the northeastadds CDR Insurance Group Inc. of Waterbury, Connecticut, the top 50 insurance intermediaries based in Iselin, announced Nov. 8.

“and CDR Insurance Group Co., Ltd., we want to help our customers protect what is most precious in their lives. We always put our customers first and that is what sets us apart from our competitors. , owner Rick Rice said in a statement. “We are delighted to be joining Worlds and look forward to expanding the products and services we offer our customers.”

Founded in 1992, CDR Insurance provides personal and commercial insurance and services to customers in New England, New Jersey and New York.

In a statement, fellow owner Vin Stifano echoed Rice’s feelings about joining New Jersey-based Buyer, saying the move will allow the company to continue to provide “unparalleled customer support.” said it can.


“On behalf of everyone at WIA, I would like to welcome CDR to the World Family,” said WIA Co-Founder and CEO Rich Eknoian in a statement. “I know they will continue to thrive as part of the world.”

Giordano, Halleran & Ciesla provided legal counsel to WIA and MarshBerry advised on the transaction. Schwell Wimpfheimer & Associates provided legal counsel to CDR. Helfer & Associates advised Target. Financial terms of the deal were not disclosed.

In October, WIA added another New England-based company. Acquisition of Worcester, Massachusetts-based O’Brien & Gibbons Insurance AgencyAt the beginning of the same month, It debuted a private client group in the world in private business.

Since its founding in 2011, WIA has completed 160 acquisitions and now serves clients from more than 250 offices nationwide.

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