World Insurance Acquires North Dakota’s F1 Insurance

World Insurance Associates LLC announced that it acquired the business of First International Insurance (“FI Insurance”) -a division of First International Bank & Trust of Watford City, North Dakota on October 1, 2024. Terms of the transaction were not disclosed.

FI Insurance has over 100 years of history and specializes in contractors, contractor bonds, trucking, oil and gas manufacturing, hospitality, farm, agriculture, crop and hail. Today they have twelve locations across North Dakota, Minnesota, and Arizona.

Giordano, Halleran & Ciesla provided legal counsel and Alvarez & Marsal advised World on the transaction. Potomac Law Group, PLLC provided legal counsel and MarshBerry advised FI Insurance on the transaction. No other advisors, diligence firms, or legal counsel were disclosed.