World Insurance Associates acquires Stern Insurance Group

World Insurance Associates , a Top 50 Insurance Brokerage, announced that it acquired the business of Stern Insurance Group (“Stern”) of Scottsdale, AZ on December 1, 2024. Terms of the transaction were not disclosed.

Stern was founded in 1987 by Daryl Stern. They provide clients with unique insurance solutions and exceptional personal service. SIG specializes in counseling corporations in the areas of employee benefits and risk management services. They also provide individuals with various insurance products including medical, life, and disability protection.

“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.”