Insurance broker World Insurance Associates LLC reports it acquired the business of B. R. Alexander & Co., Inc. of Boston, Massachusetts on May 1, 2023.
Terms of the transaction were not disclosed.
B. R. Alexander was founded in 1937. The agency provides commercial and personal insurance in 25 states, with the majority of customers located in Massachusetts and the broader New England area. B.R. Alexander has clients in various industries, including real estate, commercial marine, educational, financial and medical institutions, as well as nonprofits.
World Insurance Associates is headquartered in Iselin, New Jersey. Since its founding in 2011, World has completed over 190 acquisitions and serves its customers from more than 250 offices across the U.S. World is ranked #24 on the Top 100 P&C Agencies by Insurance Journal, and ranked #20 on the Top 50 Personal Lines Agencies by Insurance Journal.
Topics Mergers & Acquisitions
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