World Insurance Associates acquires Corporate Risk Services in Arkansas
World Insurance Associates (WIA), a US insurance brokerage, has acquired Corporate Risk Services and Midwest Risk Management Services (collectively Corporate Risk Services) for an undisclosed price.
Based in Rogers, Arkansas, Corporate Risk Services is an insurance brokerage firm that offers worker’s compensation. The company also provides all aspects of commercial insurance that range from traditional placement to alternative funding solutions.
Pete Proffer – President of Corporate Risk Services said: “Our mission has been to provide solutions for our clients’ unique needs in the commercial insurance arena.
“A broker’s understanding of the client’s individual needs and knowledge of the marketplace is beneficial in obtaining the broadest coverage at the best price. We pride ourselves in long-term relationships in the insurance industry to better serve our clients and look forward to continuing this approach as part of the WIA organization.”
According to World Insurance Associates, Corporate Risk Services has access to various markets that enable them to cater to a large spectrum of their client’s insurance requirements.
Besides, Corporate Risk Services is said to be specialized in a range of exposures such as manufacturing, schools, municipalities, healthcare, transportation, and retail.
Rich Eknoian – CEO and Co-Founder of World Insurance Associates said: “We are pleased to have Corporate Risk Services join the World family.
“Corporate Risk Services has vast experience meeting their clients’ insurance needs, and we know they will continue to be successful as part of WIA.”
For World Insurance Associates, the legal counsel was Giordano, Halleran & Ciesla. On the other hand, Kutak Rock was the legal counsel to Corporate Risk Services.