World Insurance Associates acquires Jersey Coast Insurance

World Insurance Associates LLC has acquired Jersey Coast Insurance, a provider of personal and commercial insurance based in Margate City, N.J. This transaction underscores World Insurance's aggressive acquisition strategy, following the integration of at least 24 agencies in 2025. The acquisition deal, concluded on October 1, 2025, marks the company's inaugural announcement for 2026. Financial terms were not disclosed.

Jersey Coast Insurance, known for its coverage of coastal homes, condominiums, and flood risks, has been a fixture in South Jersey for nearly two decades. Stephen Popovich, President of Jersey Coast Insurance, expressed enthusiasm about joining World Insurance, emphasizing the opportunity to offer a broader range of products and services to existing clients. Rich Eknoian, CEO and co-founder of World Insurance, noted the alignment in customer service focus between the two companies as a driving factor for the acquisition.

Strategically, the addition of Jersey Coast Insurance enhances World Insurance’s footprint in the niche markets of coastal property and flood insurance—a sector requiring specialized expertise amid increasing climate-related risks. The acquisition allows World Insurance to fortify its regional presence by incorporating Jersey Coast's trusted relationships and tailored policy offerings.

World Insurance Associates is a significant player in the insurance sector with over 300 offices across the US and UK. It provides a comprehensive suite of services, including commercial and personal insurance, wealth management, and HR solutions. The company’s vigorous expansion through mergers and acquisitions is a testament to its commitment to scaling operations and diversifying service capabilities amidst growing market competition.

As integration progresses, attention will turn to the smooth transition of Jersey Coast’s clientele and the full realization of synergies anticipated from the acquisition. Looking ahead, industry observers will monitor any further consolidation moves by World Insurance Associates as it continues to build its market position.