World Insurance Associates has officially announced the acquisition of Texas-based TAB Insurance Agency that took place on 1 March.

The financial details of the deal were not disclosed.

TAB Insurance Agency is a full service, independent insurance agency. It provides personal and commercial insurace in Texas.

It will mark WIA’s second location in Texas, joining McMillan Insurance Group of Fort Worth.

World Insurance Associates CEO and co-founder Rich Eknoian said: “We are thrilled to welcome Terry Bollom and his team to our organization and look forward to continued growth and expansion in Texas.”

TAB Insurance focuses on developing personal, long term relationships with their clients and providing excellent customer service, WIA noted.

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Commenting on the latest development, TAB Insurance Agency agent and owner said: “We strive to set ourselves apart from other insurance agencies.

“Joining World Insurance allows us to accomplish this at a greater scale with additional products and resources to best meet the needs of our clients.”

Founded in 2012, World Insurance Associates is a full-service insurance brokerage.

The company provides asset and lifestyle protection with risk management, insurance, and benefit consulting services for individuals and businesses.

It is headquartered in headquartered in Tinton Falls, New Jersey.