World Insurance buys HML Brokerage

The transaction follows the series of acquisitions the company made last year

World Insurance buys HML Brokerage

Insurance News

By Josh Recamara

World Insurance Associates LLC announced the acquisition of the business of HML Brokerage LLC, effective September 1, 2024.  

The financial terms of the transaction were not disclosed. 

HML Brokerage has years of experience in providing property and casualty insurance, with a focus on the commercial and construction industries. The company offers comprehensive coverage tailored to the needs of its clients.  

“We provide our clients with coverage that focuses on their unique business needs, so they can focus on their business success,” said Herman Lefkowitz, unit leader of HML Brokerage. “Our well-trained team of insurance professionals have extensive knowledge and provide exceptional customer service. We are pleased to be joining World, a company that shares this approach.” 

Rich Eknoian, chief executive officer and co-founder of World Insurance added: “I know they will continue to be successful as part of the World team.” 

Giordano, Halleran & Ciesla provided legal counsel to World Insurance, while Schwell Wimpfheimer & Associates provided legal counsel and Helfer & Associates advised HML on the transaction. No other advisors, diligence firms, or legal counsel were disclosed. 

This transaction follows the series of deals that World Insurance announced last year.  

In December, World Insurance confirmed the acquisition of Seattle-based Sprague Israel Giles, which specializes in niche programs, including the Natural Insurance Program for Naturopaths and insurance for cannabis and CBD businesses. It also purchased Massachusetts-based NorthStar Insurance Services which offers various business and personal insurance services. 

World Insurance also acquired five insurance agencies in Louisiana and Texas as it moved to expand its footprint in the region. The acquired agencies focus primarily on property and casualty insurance for individual and commercial clients. 

Since its founding in 2011, World Insurance said it has completed more than 250 acquisitions. The company provides services for various sectors, including personal and commercial insurance, employee and executive benefits, retirement planning and financial planning, as well as human capital management solutions. 

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