World Insurance Associates Acquires The Fidella Agency to Expand NJ Commercial Property Insurance
World Insurance Associates has announced the acquisition of The Fidella Agency, a Lakewood, New Jersey-based firm specializing in commercial property and real estate insurance. Fidella, founded in 2011 by Joseph Deutsch, has focused on providing customized insurance solutions for complex risks in the commercial real estate sector. The acquisition enables Fidella to leverage World Insurance Associates' broader resources and an expanded portfolio of insurance products, enhancing service capabilities while maintaining its client-focused risk management approach. Rich Eknoian, CEO and co-founder of World Insurance Associates, highlighted this acquisition as complementary to the firm's expertise in managing complex national commercial insurance transactions. The Fidella Agency's strong regional knowledge and commitment to personalized client service align well with World’s strategic goals in expanding its comprehensive commercial property and real estate insurance offerings within New Jersey and adjacent markets. This acquisition is part of World Insurance Associates' wider growth strategy through targeted acquisitions aimed at scaling operations and building specialized expertise. Earlier in the year, World expanded its presence in New Jersey by acquiring the historic Mossbrook & Hicks Insurance Agency and Van Syckel Insurance, along with Reinig Insurance Solutions in Colorado, which specializes in property and casualty insurance tailored to the health and fitness industry. The commercial property insurance market in New Jersey presents unique challenges due to factors like hurricane and flood exposure, dense urban environments, and complex regulatory requirements. These conditions have driven demand for specialized insurance programs, especially for commercial real estate portfolios. By combining Fidella’s local market knowledge with World’s national platform, the firm is well-positioned to offer advanced risk management solutions responsive to regional market needs. Overall, the Fidella acquisition strengthens World Insurance Associates’ foothold in the competitive New Jersey commercial insurance market. It supports the company's objective to deliver tailored, sophisticated insurance solutions by integrating local expertise with expansive national resources. This strategy aims to address evolving client demands for comprehensive coverage and risk mitigation in a complex and dynamic commercial property insurance landscape.