World Insurance Associates LLC in Tinton Falls acquired Szerlip & Co. of Millburn on Jan. 1 and LCL Insurance LLC of Charlotte, NC on Feb. 1.
The company announced the transactions on Feb. 22, and terms were not disclosed.
“Traditional insurance brokers focus on quoting the ‘lowest price’ to their clients without any concern to reducing their risk,” states Stewart Little, managing partner of LCL in a prepared statement. “Our approach is slow and methodical. We take the time to identify our clients’ specific risk exposures and to design an insurance program around those needs. We are happy to continue this approach as a part of WIA.”
Szerlip & Co. was founded in 1934 by Herbert Szerlip and is now in its third generation, currently run by Robert Szerlip, who joined the firm in 1971. The company operates in 40 states and offers expertise in personal, commercial, security guard, not for profit and life/health insurance.
“Szerlip & Co. has a history of providing our clients with personalized attention and a commitment to always trying to exceed their expectations. We have long-standing relationships with and represent only the best insurance company names in the industry,” said Szerlip in a prepared statement.
“We are glad to be joining WIA and continuing to provide the same level of service with the same dedicated staff that our clients have always relied upon,” he said.
Since its founding in 2012, WIA has completed 97 acquisitions and serves its customers from 99 offices in 23 states and Washington, DC.
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