World Insurance Associates Expands with Young Insurance Agency Group of Virginia Acquisition

Description: “World Insurance Associates, a leading insurance broker, strengthens its portfolio with the acquisition of Young Insurance Agency Group in Virginia. Learn more about the deal and the services offered by Young Insurance.”

 

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World Insurance Associates, a prominent insurance broker headquartered in Iselin, New Jersey, has recently announced the acquisition of Young Insurance Agency Group, Inc. The deal, finalized on July 1, 2023, marks another milestone for World Insurance Associates, which has already completed over 195 successful acquisitions and boasts an extensive network of more than 250 offices nationwide.

Young Insurance Agency Group, founded back in 1973, has been offering a wide range of insurance solutions, including business, personal, life, health insurance, and security services. Their dedication to serving the community of Portsmouth, Virginia, has made them a reputable and reliable agency in the region.

The president of Young Insurance Agency Group, William “Bill” Young, has been a driving force behind the agency’s success and is committed to providing exceptional service to their clients.

The specific terms and financial details of the transaction have not been disclosed to the public. However, the strategic move by World Insurance Associates signals their commitment to expanding their footprint in the insurance market and offering more comprehensive services to their clients.

With this acquisition, World Insurance Associates solidifies its position as a major player in the insurance industry. Their exceptional growth and dedication to client satisfaction have earned them a spot as #24 on the prestigious Top 100 P&C Agencies list and #20 on the esteemed Top 50 Personal Lines Agencies, both recognized by Insurance Journal.

By joining forces with Young Insurance Agency Group, World Insurance Associates strengthens its presence in the Virginia market, benefiting both existing and new policyholders. Clients of Young Insurance can expect enhanced access to a broader range of insurance options and personalized solutions to meet their evolving needs.

In conclusion, the acquisition of Young Insurance Agency Group by World Insurance Associates demonstrates the commitment of both companies to delivering excellence in insurance services. The combined expertise and resources of these industry leaders will undoubtedly result in a more robust and customer-centric insurance experience for clients in Virginia and beyond.

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