American Insurance Agency Acquired by World Insurance Associates
World Insurance Associates, a Top 50 insurance brokerage based in Iselin, N.J., has acquired American Insurance Agency of Hingham, Massachusetts. The acquisition took place on June 1, 2026, though the financial terms were not disclosed. Founded in 1991, American Insurance specializes in providing tailored insurance solutions for a variety of industries including construction, manufacturing, hospitality, and real estate. James J. Farren, owner of American Insurance Agency, expressed enthusiasm about joining World to expand their offerings. Rich Eknoian, Executive Chairman and Founder of World, highlighted the strategic value of this acquisition in strengthening World's presence in the Boston area. Legal counsel for the transaction was provided by Giordano, Halleran & Ciesla for World and Mirick O'Connell DeMallie & Lougee LLP for American Insurance. World is a leading brokerage firm that supports small to medium-sized businesses across the U.S. and U.K., offering services in insurance, benefits programs, wealth management, and HR solutions.
Topics: Business Acquisition Insurance