World Insurance Associates LLC (“WIA”), a Top 50 Insurance Brokerage, announced today that it acquired O’Brien and Gibbons Insurance Agency (“O’Brien and Gibbons”) of Worcester, MA on August 1, 2022. Terms of the transaction were not disclosed.
Originally founded in 1961, O’Brien and Gibbons Insurance Agency is a retail insurance agency focused on Personal Lines and Commercial Lines.
“O’Brien and Gibbons has strong market relationships, a diverse client base, and many long-term client relationships,” says Walter J. Shea, President, O’Brien and Gibbons Insurance Agency. “We are looking forward to being a part of World and providing our clients with additional products and services.”
“On behalf of the World family, I’d like to welcome O’Brien & Gibbons,” says Rich Eknoian, CEO and Co-Founder of WIA. “They have a long history serving Massachusetts and surrounding states, and I know they will be a terrific addition to our business.”
Other Massachusetts agencies acquired by World Insurance
Headquartered in Tinton Falls, N.J., World Insurance Associates has grown into a national agency focused on providing individuals and businesses with top products and services across personal and commercial insurance lines, employee benefits, retirement and financial services and human capital management solutions.
Since its founding in 2012, it has completed 112 acquisitions and now serves customers from more than 131 offices in the U.S. As a result of its aggressive growth strategy, the brokerage now appears at the top of many ranking lists, ranking #2 on Business Insurance’s Fastest Growing Brokers list, #62 on Business Insurance’s 100 Largest Brokers of U.S. Business list, #31 on Insurance Journal’s Top 100 Independent P&C Agencies list, and #38 on Insurance Journal’s Top 50 Personal Lines Agencies list.
As for Massachusetts, the company has made a series of agency acquisitions over the past few years, including the following that have been previously reported on in Agency Checklists:
2022 Agency Acquisitions in Massachusetts
- World Insurance Agency Acquisition Hat Trick: Two Massachusetts Agencies & A Rhode Island One (Tarpey and Rush-Kent Agency)
- World Insurance Associates Acquires The 174-Year-Old Allan M. Walker Insurance Agency
- World Insurance Associates Acquires Commercial Insurance Agency
- J.K. Olivieri Insurance Agency Joins World Insurance Associates
2021 Agency Acquisitions in Massachusetts