Novatae founding consolidation (2022)
World Insurance Associates folded seven of its wholesale insurance businesses into a single brand, Novatae, named from the Latin for 'new world.' The move created a top-tier specialty distributor with access to hundreds of insurers.
The unified firm gained scale for national distribution and program management.
It became a consolidation vehicle, acquiring seven firms in four years and positioning itself among the largest managing general agencies in the U.S.
The SPS deal is the latest step in the same acquisition playbook that began with this founding consolidation.
