World Insurance Associates LLC has acquired BAFUMI INSURANCE AGENCY LLC for an undisclosed amount. The acquisition, which saw Bafumi Insurance Agency join World Insurance Associates in August 2025, marks a significant expansion for World Insurance Associates. Bafumi Insurance Agency, located at 59 Broad Street, Middletown, Connecticut, is a well-established local provider offering a comprehensive suite of insurance solutions. It serves individuals, families, and businesses throughout Connecticut with auto, home, life, health, employee benefits, and commercial insurance, known for its client-first approach and personalized service.
World Insurance Associates LLC is a national insurance brokerage firm providing a broad range of solutions across various industries, including business insurance, employee benefits, retirement plan consulting, payroll and HR services, personal insurance, private client services, wealth management, and risk services. This strategic acquisition enhances World Insurance Associates' footprint in the Connecticut market, integrating a reputable local agency with deep community ties into its extensive network. The move allows World Insurance Associates to strengthen its regional service delivery and capitalize on Bafumi’s established client base and local expertise.
For BAFUMI INSURANCE AGENCY LLC, becoming a division of World Insurance Associates offers its clients access to a significantly broader array of resources, specialized solutions, and a wider network of top-rated carriers. This combination is expected to create substantial synergies, merging Bafumi's strong commitment to personalized care and expert guidance with World Insurance Associates' comprehensive service offerings and national reach. The integration reinforces the commitment to providing robust and competitively priced insurance options while maintaining a focus on client satisfaction.
The acquisition underscores World Insurance Associates' strategy of growth through integrating successful regional agencies. This is a corporate purchase, not a funding round for Bafumi Insurance Agency. The combined entity is poised to deliver enhanced value to existing and new clients across Connecticut, offering expanded insurance and risk management capabilities supported by a strong local presence and a national platform, ensuring continued protection and peace of mind.