World Insurance makes Pennsylvania buy

World Insurance Associates LLC on Wednesday said it acquired the business of Exchange Underwriters Inc. on Dec. 1, 2023.

Terms of the deal were not disclosed.

Exchange Underwriters, based in Washington, Pennsylvania, provides personal and commercial lines insurance and lists 27 employees on its website. The broker was founded in 1952 in Canonsburg, Pennsylvania, and the agency relocated to Washington in 2018, according to a company statement.

Iselin, New Jersey-based World Insurance is the 28th-largest broker of U.S. business, according to the most recent Business Insurance rankings.