World Insurance Associates Acquires Stern Insurance Group
World Insurance Associates Acquires Stern Insurance Group
World Insurance Associates, a Top 50 insurance brokerage, has announced the acquisition of Stern Insurance Group (SIG), based in Scottsdale, Arizona.

The transaction, which closed on December 1, 2024, expands World Insurance’s presence in the employee benefits and risk management sector.

Founded in 1987 by Daryl Stern, SIG is known for its tailored insurance solutions and personalized service. The firm specializes in advising corporations on employee benefits and risk management while also offering individuals a range of insurance products, including medical, life, and disability coverage.

The terms of the acquisition were not disclosed.

“Stern was built on a tradition of integrity and industry leadership,” says Daryl Stern, Principal, Stern Insurance Group. “We have invested in the resources necessary to deliver thoughtful strategic planning and technology-based solutions in order to meet the changing needs of our clients.” Eric Stern, Principal, Stern Insurance Group, adds, “We’re not satisfied with business as usual. We want to ensure our clients’ success, and their complete satisfaction is our sole focus.”

“I would like to welcome to Stern Insurance Group to World,” says Rich Eknoian, CEO and Co-Founder of World. “Stern has built a strong network in the Scottsdale area, and with their expertise I know they will continue to be successful as part of World.”

“We’re excited to welcome the Stern Insurance Group team into our family,” says Jennifer Barton, Head of Employee Benefits, World. “Daryl and Eric Stern have built an exceptional practice that truly reflects our values and value proposition. Their outstanding expertise further strengthens our presence in Arizona. We look forward to achieving new successes together and delivering even greater value to the clients we serve.”

Share this article:

APPLY TO SPONSOR

Gain access to the most senior audience of insurance executives, entrepreneurs, and investors. We offer a wide range of opportunities for you to engage with our attendees from networking to thought leadership.

Sponsorship packages provide a wide range of opportunities developed for almost any budget and are designed to help achieve your branding, networking, and/or thought leadership goals. 

Insurtech Insights Europe 2025

Join us at Europe's largest insurtech conference at InterContinental London - The O2
on March 19-20th, uniting over 6,000 senior insurance professionals!