World Insurance Associates has completed the acquisition of Harry Herbst & Associates, an insurance agency based in Morganville, New Jersey.
Harry Herbst has been involved in the insurance industry since 1978 and provides health and life insurance services to more than 150 business owners in the greater NJ area. Harry Herbst & Associates prides itself on going above and beyond for its clients. The company is committed to providing prompt, courteous, and high quality service.
Rich Eknoian, co-founder of World Insurance Associates, stated, “Mr. Herbst is a welcome addition to our Employee Benefits Team. He has developed long-term relationships built on integrity, trust and service. We are pleased to welcome Harry Herbst & Associates to our growing World Insurance family.”
“I am excited to join the World Insurance team,” said Mr. Herbst. “I look forward to expanding what I can offer my clients while continuing to provide them with competitive plans that meet their personal and business insurance needs.”
World Insurance Associates is an independent insurance agency headquartered in Tinton Falls, NJ.
It offers extensive, cost-effective personal and business insurance solutions in 41 states and specializes in insurance for transportation companies, the hospitality industry, coastal properties, and high net worth individuals in addition to general commercial clients in diverse industries.
World Insurance Associates began business in 2012 and now serves more than 15,000 customers from 8 offices in NJ, PA, and NY.
It has completed 16 acquisitions, has current run rate revenue over $12 million, and places more than $90 million per year in annual premiums. The company is ranked #32 on the list of New Jersey’s 2015 50 Fastest Growing Companies.