Goldman Sachs to invest $1.04bn in Charlesbank-backed World Insurance Associates.

Goldman Sachs, a private equity firm, agreed to invest $1.04bn in Charlesbank-backed World Insurance Associates, an insurance agency. “We are extremely excited to have a leading global financial institution like Goldman Sachs join Charlesbank at this juncture in our partnership. The major investment Goldman Sachs is making in World will be an accelerant for us, and we intend to take full advantage of it. As we continue to aggressively execute our growth plan, this is momentous affirmation that our unique, integrated business model is working,” Rich Eknoian, World Insurance Associates CEO and Founder.