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World Insurance Associates LLC said Tuesday it has acquired Southern Cross Insurance Solutions LLC, an Orlando, Florida-based agency specializing in coverage for birth centers and midwives.
Terms of the transaction were not disclosed.
Established in 2013, Southern Cross offers various commercial coverages, including a professional and general liability insurance policy created for birth centers and related health care professionals.
Tinton Falls, New Jersey-based World Associates is the 53rd largest brokerage of U.S. business, according to the latest Business Insurance ranking, with 2020 revenue of $77.9 million.
Rich Eknoian, CEO of World Insurance Associates, discusses the brokerage’s strategy of growth via acquisitions, how that was affected by the pandemic and the outlook for the market.