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World Insurance Associates Acquires Virginia Insurance Partners

Sica | Fletcher guides Virginia Insurance Partners in its sale to World Insurance Associates.

Overview of Transaction

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  • Founded in 2010, Virginia Insurance Partners (VIP) is a group of retail insurance agencies covering the majority of the Commonwealth of Virginia. 

  • VIP is an all lines agency offering personal insurance, life, health, and business insurance products.

  • Virginia Insurance Partners agreed to partner with World Insurance Associates, a top 100 Independent Property/Casualty Agency.

Significance of Transaction

  • The VIP acquisition strengthens and expands World Insurance Associates' offering on the east coast.

  • Virginia Insurance Partners’ leadership team will remain with Insurance Associates and will continue to provide their clients with the same continued personal service.

Sica | Fletchers' Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Virginia Insurance Partners and explored several options for the firm.

  • This transaction demonstrates Sica | Fletcher continued leadership position as the "advisor of choice" to insurance companies.

  • This transaction further illustrates Sica | Fletcher's strong relationship with top-tier investors, having previously worked with World Insurance on numerous deals.