World Insurance Associates Expands P&C Business with Acquisition of Thorson Insurance Services

ISLIN, N.J., Nov. 4, 2022 (GLOBE NEWSWIRE) — World Insurance Associates LLC (“World”), a top 100 insurance broker, today announced Thorson Insurance Services (“Thorson”) of Agoura Hills, Calif. announced that it had acquired June 1, 2022. Terms of the transaction were not disclosed.

Thorson provides comprehensive property and casualty insurance and risk management solutions for high net worth families, successful midsize businesses and large corporations. The business also serves complex and sophisticated commercial clients focused on malpractice space, entertainment and limousine services.

Founded in 1984 by David Thorson and his wife Tracey, the first Thorson office was located in Diamond Bar, California. Thorson is built on family values ​​and traditions. From the beginning, Thorson has been dedicated to protecting the lifestyles and businesses of our clients.

“Insurance is an inherently empathetic business,” said Miles Thorson, President, Thorson Insurance Services.

WIA CEO and co-founder Rich Eknoian said: “They are successful businesses whose values ​​are well aligned with those of the world. I know they will do well as part of the world.”

Giordano, Halleran & Ciesla provided legal counsel to WIA and Marsh Berry provided advice on the transaction. Dentons US LLC provided legal counsel to Thorson. 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 over 160 of his acquisitions and serves clients from over 250 of his offices across the United States. World is ranked 34th on Business Insurance’s 100 Biggest Brokers for U.S. Businesses list, 2nd on Business Insurance’s Fastest Growing Brokers list, and Fastest Growing Benefits by Business Insurance 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:

        

Leave a Comment