Following closely after a major deal in the Atlantic Highlands, World Insurance Associates has now set its sights on Arizona, expanding its portfolio through the acquisition of InterWeb Insurance of Lake Havasu City.
Founded in 2008, InterWeb specializes in commercial insurance with a particular focus on errors & omissions (E&O) coverage tailored for clients in the financial services industry.
Jack Pontolillo, CEO of InterWeb Insurance, expressed satisfaction with the acquisition, noting a shared goal with the major brokerage.
“InterWeb Insurance provides our customers access to insurance protection and risk management with integrity and excellence. Our customer-centered approach offers the highest level of personal service from every member of the InterWeb Insurance team. We are glad to be joining World, an organization that shares our approach,” Pontolillo said.
Sheri Pontolillo, president of InterWeb Insurance, also commented on the alignment of values between the two companies.
“At InterWeb Insurance, our goal is to make the insurance buying experience as easy as possible for our customers. We searched for an organization that shares our ethics and focus on service, as well as enabling us to provide more products and services to meet our customers’ needs. As part of World, we will continue to exceed our clients’ expectations and help them grow with confidence,” she said.
Finally, Rich Eknoian, CEO and co-founder of World, welcomed the new addition to the World family.
“They have decades of experience in the insurance industry and are known for providing innovative, specific solutions to their customers. They will be a terrific addition to World,” Eknoian said.
This latest deal follows World Insurance Associates’ acquisition of JBL Trinity, announced just a few days prior. Founded in 1997, JBL is known for its auto, home, and business insurance offerings.
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