World Insurance Associates Expands into Laredo with Cubriel Acquisition

World Insurance Associates has completed the acquisition of Cubriel Insurance Agency in Laredo, Texas, marking an expansion into a new market effective from June 1, 2026.

This move broadens World's reach in the state, reinforcing its commitment to strategic growth across Texas. The acquisition allows Cubriel, a property and casualty agency dealing with both commercial and personal lines, to enhance its service offerings. Noe Cubriel, president of Cubriel Insurance Agency, expressed excitement about the opportunity to provide expanded products and services to clients as part of World Insurance Associates.

Strengthened Presence in Texas

For World Insurance Associates, integrating Cubriel Insurance into its fold advances the company's strategic intent to strengthen its foothold in Texas. Rich Eknoian, World’s executive chairman and founder, highlighted the significance of this acquisition for their Texas operations, recognizing the growth opportunities that Laredo presents.

Previously, World had acquired five agencies in the Louisiana and Texas regions, including Creekside Risk Management. This calculated expansion strategy enables World to diversify its presence geographically while targeting markets that offer growth potential.

A Commitment to Expansion

With a history of 111 acquisitions since its inception in 2011, World Insurance Associates maintains a robust acquisition strategy, averaging nearly 18 deals annually over the past five years. Recent expansions have seen them enter markets in New Jersey, Arizona, and Connecticut. The acquisition in Laredo is a continuation of this trend, indicating a sustainable model of local agency integration into a national network.

This acquisition strategy, focused on fostering local leadership and maintaining strong client relationships, demonstrates a viable approach for other agency owners in similar markets. As World continues to integrate these agencies into its network, it further boosts its ability to provide wider product offerings and enhanced services, creating value for its clients across the regions it serves.