About World Insurance
World Insurance is a company based in Long Branch (United States) founded in 2011 was acquired by Charlesbank Capital Partners in April 2020. It operates as a Commission-Based, and Brokerage / Intermediation. World Insurance has completed 107 acquisitions, including 1st Patriot Insurance, AJAX Specialty Insurance and AVI Insurance Group. World Insurance offers products and services including Business Insurance, Employee Benefits, Retirement Planning & Wealth Management, Personal Insurance, and Private Client Group.
- Headquarter Long Branch, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name World Insurance Associates Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Goldman Sachs Asset Management
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
1st Patriot Insurance
& 106 more
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Acquired by
Charlesbank Capital Partners
(Apr 01, 2020)
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Products & Services of World Insurance
World Insurance offers a comprehensive portfolio of products and services, including Business Insurance, Employee Benefits, Retirement Planning & Wealth Management, Personal Insurance, and Private Client Group. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Business insurance solutions are offered for various industries.
Employee benefits programs are designed for modern workforce needs.
Retirement and wealth management services are strategically provided.
Personal insurance plans are tailored to individual needs.
Specialized protection for affluent clients is uniquely offered.
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Software Development Team
49 people
Client Team
21 people
Leadership Team
20 people
Sales and Marketing
15 people
Human Resources and Administration
9 people
Commercial Team
6 people
Product Management Team
6 people
Finance and Accounting
5 people
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Funding Insights of World Insurance
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Debt – Conventional - World Insurance | Valuation |
investors |
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| Aug, 2023 | Amount | Private Equity Round - World Insurance | Valuation | Goldman Sachs Asset Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in World Insurance
World Insurance has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs Asset Management and Charlesbank Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm
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Founded Year | Domain | Location | |
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Global asset management and investment solutions are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by World Insurance
World Insurance has strategically engaged in corporate development activities, having acquired 107 companies. Notable acquisitions include 1st Patriot Insurance, AJAX Specialty Insurance and AVI Insurance Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of property and casualty insurance brokerage services
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2023 | ||||
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Health insurance brokerage services are provided to clients nationwide.
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2019 | ||||
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An online platform is operated for comparing P&C insurance quotes.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - World Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
World Insurance Comparisons
Competitors of World Insurance
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on World Insurance
Frequently Asked Questions about World Insurance
When was World Insurance founded?
World Insurance was founded in 2011 and raised its 1st funding round 12 years after it was founded.
Where is World Insurance located?
World Insurance is headquartered in Long Branch, United States. It is registered at Long Branch, New Jersey, United States.
What does World Insurance do?
World Insurance Associates LLC is involved in offering a wide range of insurance and financial services. Solutions are provided across business insurance, employee benefits, retirement planning, wealth management, and personal insurance. The company serves various industries including construction, healthcare, manufacturing, real estate, and transportation. As an independent broker, a diverse portfolio of products from major providers is maintained. Risk management and claims advocacy are also supported to address client challenges. A focus is placed on building relationships to deliver tailored solutions and improve financial outcomes for clients.
What products or services does World Insurance offer?
World Insurance offers Business Insurance, Employee Benefits, Retirement Planning & Wealth Management, Personal Insurance, and Private Client Group.
How many acquisitions has World Insurance made?
World Insurance has made 107 acquisitions, including 1st Patriot Insurance, AJAX Specialty Insurance, and AVI Insurance Group.
Who are World Insurance's investors?
World Insurance has 2 investors. Key investors include Goldman Sachs Asset Management, and Charlesbank Capital Partners.