World Insurance Associates Acquires Royalty Insurance Services
ISELIN, N.J., April 3, 2025 /PRNewswire/ — World Insurance Associates LLC, recognized as a Top 50 Insurance Brokerage, has announced its acquisition of Royalty Insurance Services located in Van Nuys, CA, effective January 1, 2025. The financial details of the deal remain undisclosed.
About Royalty Insurance Services
With over 23 years of experience, Royalty has specialized in providing commercial trucking insurance. Their offerings encompass tailored insurance solutions catering to a variety of trucking operations, from local deliveries to long-haul services.
Commitment to Personalization
Oganes Sepuhyan, President of Royalty Insurance Services, emphasized the company’s focus on personalized service: “At Royalty Insurance Services, we believe that insurance is more than just an expense; it serves as an essential safety net for our clients’ businesses. We partner with them to develop customized plans that cater to their specific insurance requirements. We are thrilled to align with World, which has deep roots in the trucking sector, and anticipate continued growth.”
Welcoming Royalty to the Family
Rich Eknoian, CEO and Co-Founder of World, expressed his enthusiasm: “I warmly welcome Royalty into the World family. They have a strong reputation within the trucking industry and a skilled team committed to delivering optimal coverage at competitive prices. I am confident they will thrive as part of World.”
Legal and Advisory Support
For this transaction, Giordano, Halleran & Ciesla offered legal guidance, while MarshBerry advised World. Royalty received legal support from Fennemore Law. No other advisors or legal representatives were disclosed.
About World Insurance Associates LLC
World Insurance Associates (World) is a nationally ranked financial services organization based in Iselin, N.J., operating over 300 offices throughout the U.S. and the U.K. The organization empowers clients to enhance their risk management strategies, update their benefits programs, and achieve long-term financial objectives through a wide-ranging network of brokers and specialists. World employs data-driven analytics to innovate products and solutions tailored to their clients’ diverse needs across various insurance sectors, employee benefits, wealth management, retirement services, and HR solutions. For further details, visit www.worldinsurance.com.
SOURCE WORLD INSURANCE ASSOCIATES LLC
