World Insurance Associates acquires JBL Trinity to expand insurance portfolio
In a significant move within the insurance industry, World Insurance Associates LLC (World), recognized as a Top 50 Insurance Brokerage, announced the acquisition of JBL Trinity Group Ltd. (JBL) on January 1, 2024. JBL, based in Atlantic Highlands, has been a notable provider of diverse insurance products since its establishment in October 1997. Specializing in maritime, New York City construction insurance, and offering a unique national roller-skating program, JBL Trinity brings a rich portfolio to World Insurance Associates. Although the terms of the transaction were not disclosed, the acquisition is expected to bolster World’s offerings in specialized insurance sectors.
Joseph DiMattina, CEO of JBL Trinity, emphasized the company’s commitment to its clients, stating, “It has always been our belief that our clients are our partners and must be treated with honesty and respect. Honor, trust, integrity, and ingenuity are the core principles which guide us in our daily pursuit of providing exceptional service to our client partners.” DiMattina also expressed enthusiasm for joining forces with World, highlighting shared values between the two organizations.
Rich Eknoian, CEO and Co-Founder of World Insurance Associates, warmly welcomed JBL to the World family, acknowledging the addition of Joseph DiMattina and his team as a valuable enhancement to World’s organizational strength.
Headquartered in Iselin, N.J., World Insurance Associates LLC is a nationally ranked, full-service insurance organization. It offers a comprehensive range of services across personal and commercial insurance, employee and executive benefits, retirement planning, financial planning services, and human capital management solutions. Founded in 2011, World has demonstrated a robust growth strategy through completing more than 200 acquisitions. The acquisition of JBL Trinity further extends World’s capability to serve a diverse clientele from over 250 offices across the United States, emphasizing its commitment to expansion and service excellence in the insurance industry.
The acquisition of JBL Trinity by World Insurance Associates marks a strategic expansion of World’s insurance portfolio, particularly in specialized insurance sectors such as maritime and construction. This move not only strengthens World’s market position but also enriches its service offerings, demonstrating a continued commitment to growth and diversification. By integrating JBL’s expertise and unique insurance programs, World is poised to enhance its value proposition to clients and stakeholders alike.