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World Insurance Associates adds trucking specialists to team
Dawn Furnas//December 12, 2022
World Insurance Associates, which recently landed on the NJBIZ Companies to Watch list, announced yet another acquisition Dec. 9 — this one in Schererville, Ind.
The Iselin-based insurance firm said the deal to acquire Future Insurance Group was finalized Dec. 1. Financial terms of the agreement were not disclosed.
Family-owned Future Insurance serves the transportation industry, offering coverage for long-haul trucking, fleet, non-fleet accounts and individual owner operators.
Future founder and President Sasa Milosevic said in a statement that as part of WIA, the company looks forward to continuing its mission of “educating our customers about their insurance options, and then working together to select the best options for their needs.”
Chief Financial Officer Dragan Milosevic added, “Preparing for the future is critical to any successful business. We understand the importance of ensuring that our clients’ businesses are properly and adequately protected, and we continually monitor their insurance needs. This sets us apart from the competition.”
WIA Chief Executive Officer and co-founder Rich Eknoian welcomed the Future Insurance team to the company, adding, “They are successful trucking insurance specialists and I know they will continue to be successful, meeting their clients’ insurance needs with even more products and services.”
Giordano, Halleran & Ciesla provided legal counsel to WIA, and MarshBerry advised the company on the transaction. Dykema Gossett PLLC provided legal counsel to Future Insurance.
Since its founding in 2011, WIA has completed 172 acquisitions and operates from more than 250 offices across the United States.
