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High 50 insurance coverage brokerage agency, World Insurance coverage Associates, has introduced its acquisition of one other New England unbiased company. On December 1, 2023, the agency welcomed the Foy Insurance coverage Group (“Foy”) of Exeter, New Hampshire. No additional phrases of the transaction had been disclosed.
Began over a century in the past, Foy Insurance coverage has been doing enterprise in New Hampshire for over 100 years.
The company supplies insurance coverage merchandise to people and companies, in addition to particular packages together with equine insurance coverage and sports activities insurance coverage. As we speak, the family-owned company has grown to turn out to be certainly one of New England’s largest insurance coverage businesses, with workplaces in three states, together with Massachusetts, and over $70 million in premium.
“We’re happy to hitch World Insurance coverage,” says Mike Foy, President, Foy Insurance coverage Group. “Like Foy, World is devoted to their prospects, offering them with one of the best protection at a good value. As a part of World, we now have entry to much more services and products that may meet our prospects’ insurance coverage wants.”
“On behalf of the World household, I want to lengthen a heat welcome to Foy,” says Wealthy Eknoian, CEO and Co-Founding father of World. “As Foy has grown through the years, they’ve maintained their dedication to service, and caring for his or her purchasers’ insurance coverage wants. They’re an skilled group of execs and I do know they may proceed to do nicely as a part of World.”
Different Massachusetts businesses acquired by World Insurance coverage
Headquartered in Tinton Falls, N.J., World Insurance coverage Associates has grown right into a nationwide company centered on offering people and companies with high services and products throughout private and business insurance coverage strains, worker advantages, retirement and monetary providers and human capital administration options.
Since its founding in 2011, it has accomplished over 180 acquisitions and now serves prospects from greater than 250 workplaces within the U.S. Because of its aggressive development technique, the brokerage now seems on the high of many rating lists, together with #34 on the 100 Largest Brokers of U.S. Enterprise record by Enterprise Insurance coverage, #3 on the Quickest Rising Brokers record by Enterprise Insurance coverage, #3 on the Quickest Rising Advantages Brokers record by Enterprise Insurance coverage, #24 on the High 100 P&C Companies by Insurance coverage Journal, and #20 on the High 50 Private Strains Companies by Insurance coverage Journal.
As for Massachusetts, the corporate has made a sequence of company acquisitions over the previous few years, together with the next which have been beforehand reported by Company Checklists:
2023 Company Acquisitions in Massachusetts
2022 Company Acquisitions in Massachusetts
2021 Company Acquisitions in Massachusetts
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