Loveman, Kornreich & Steers develops insurance programs that help businesses and individuals protect their assets and earnings against a variety of physical and financial hazards, according to its LinkedIn page.
“The team at Loveman, Kornreich & Steers bases their relationships on mutual respect and integrity, and we are proud to welcome them to our organization,” said Rich Eknoian, chief executive officer and co-founder of World Insurance Associates LLC, in a prepared statement.
Giordano, Haleran & Ciesla provided legal counsel to WIA; legal counsel for Loveman, Kornreich & Steers Inc. was not disclosed.
Manhattan Group advised Loveman, Kornreich & Steers Inc. on the transaction.
Since its founding in 2012, WIA has completed 69 acquisitions and serves its customers from 53 offices in 13 states. Its most recent acquisitions include that of a New Jersey firm – Airways International Insurance Services LLC of Mickleton – and a Rhode Island agency.