Insurance broker World Insurance Associates announced that it acquired the business of Schlegel & Schlegel Insurance Brokers Inc. of West Yarmouth, Massachusetts on July 1, 2023.
Schlegel & Schlegel has been providing home, auto and business insurance to customers in Massachusetts and on Cape Cod since 1972. Paul Schlegel is the agency owner. The firm has four additional agents and two customer service representatives.
Terms of the transaction were not disclosed.
World Insurance Associates is headquartered in Iselin, N.J. Since its founding in 2011, World has completed more than 195 acquisitions and now has more than 250 offices across the country. World is ranked 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
Agencies
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Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.