What's Happening?
World Insurance Associates has acquired Bafumi Insurance Agency, a family-run business based in Middletown, Connecticut. The acquisition, effective August 1, 2025, aims to enhance World Insurance's offerings
in property/casualty and life and health insurance across Connecticut. The Bafumi team, led by Guido and Lauren Bafumi, will gain access to a broader range of products and services, aligning with World Insurance's strategic growth objectives.
Why It's Important?
This acquisition represents a strategic expansion for World Insurance Associates, strengthening its footprint in Connecticut and enhancing its service capabilities. For Bafumi Insurance, joining a larger network provides opportunities for growth and access to additional resources, benefiting both the agency and its clients. The move reflects ongoing consolidation trends in the insurance industry, where firms seek to leverage synergies and expand their market presence.
