TINTON FALLS, N.J.–World Insurance Associates LLC (WIA), a Top 100 Insurance brokerage, announced today that it acquired LCL Insurance LLC (“LCL”) of Charlotte, NC on February 1, 2021. Terms of the transaction were not disclosed.
“We are pleased to have LCL Insurance LLC lead us into North Carolina. We look forward to building our Charlotte presence around Stewart and his team,” said Rich Eknoian, CEO and Co-Founder of WIA. “LCL has a history of providing solutions for clients with diverse insurance exposures, and we know they will continue to flourish as part of WIA.”
“Traditional insurance brokers focus on quoting the “lowest price” to their clients without any concern to reducing their risk,” states Stewart Little, Managing Partner, of LCL. “Our approach is slow and methodical. We take the time to identify our clients’ specific risk exposures and to design an insurance program around those needs. We are happy to continue this approach as a part of WIA.”
Giordano, Halleran & Ciesla provided legal counsel to WIA. Johnston, Allison & Hord PA provided legal counsel to LCL. No other advisors, diligence firms or legal counsel were disclosed.
Source: World Insurance Associates LLC
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