ISELIN, N.J. – World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Bafumi Insurance Agency (“Bafumi”) of Middletown, CT on August 1, 2025. Terms of the transaction were not disclosed.
Bafumi provides property and casualty insurance and life and health insurance and services throughout the state of Connecticut.
“Our goal is to educate our clients on the best options for their insurance needs,” says Guido Bafumi, President, Bafumi Insurance. “We are dedicated to providing the best coverage at competitive rates. As part of World, we have access to additional products and services to meet the needs of our customers. We are excited to join the World team.”
“On behalf of the World family, I’d like to welcome Bafumi,” says Rich Eknoian, CEO and Co-Founder of World. “Bafumi brings an experienced team to World, and I know they will continue to grow and be successful.”
Giordano, Halleran & Ciesla provided legal counsel and Sica Fletcher advised World on the transaction. Andros, Floyd & Miller, P.C. provided legal counsel and Philo Smith Securities LLC advised Bafumi on the transaction. No other advisors, diligence firms, or legal counsel were disclosed.
SOURCE World Insurance Associates
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