World Insurance Associates Acquires LCL Insurance LLC
- February 22, 2021
TINTON FALLS, N.J.--World Insurance Associates LLC (WIA), a Top 100 Insurance brokerage, announced today that it acquired LCL Insurance LLC (“LCL”) of Charlotte, NC on February 1, 2021. Terms of the transaction were not disclosed.
“We are pleased to have LCL Insurance LLC lead us into North Carolina. We look forward to building our Charlotte presence around Stewart and his team,” said Rich Eknoian, CEO and Co-Founder of WIA. “LCL has a history of providing solutions for clients with diverse insurance exposures, and we know they will continue to flourish as part of WIA.”
“Traditional insurance brokers focus on quoting the “lowest price” to their clients without any concern to reducing their risk,” states Stewart Little, Managing Partner, of LCL. “Our approach is slow and methodical. We take the time to identify our clients’ specific risk exposures and to design an insurance program around those needs. We are happy to continue this approach as a part of WIA.”
Giordano, Halleran & Ciesla provided legal counsel to WIA. Johnston, Allison & Hord PA provided legal counsel to LCL. No other advisors, diligence firms or legal counsel were disclosed.
Source: World Insurance Associates LLC
“Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.”