Dennis D. Flatness, operating president of the Saint Louis, Missouri, office, said: "With this acquisition, we are adding great talent to our current Saint Louis team while further enhancing our local knowledge and expertise."
Valhalla, NY (PRWEB) December 02, 2014
USI Insurance Services (“USI”) announced today it has acquired the Saint Louis, Missouri, operation of Holmes Murphy. This business and its employees will join USI’s Saint Louis office. Terms of the transaction were not disclosed.
The acquired business was established in 1995 and was followed in 1996 with the acquisition of Corporate Benefit Strategies, a locally-owned insurance broker. The practice provides employer insurance benefits and property-casualty programs for personal and commercial customers. This acquisition further strengthens USI’s presence as a leading middle market insurance brokerage and consulting firm in the Midwest region, and complements USI’s wide range of commercial property-casualty, employee benefits, personal risk services and retirement consulting offerings.
Dennis D. Flatness, operating president of the Saint Louis, Missouri, office, said: “The Saint Louis operation has an excellent reputation with 19 years of experience and a proven record of successfully advising individuals and middle market businesses. With this acquisition, we are adding great talent to our current Saint Louis team while further enhancing our local knowledge and expertise. And, connected to USI’s national capabilities, clients will enjoy an expanded set of measurable and actionable solutions that will result in bottom-line success.”
Thomas D. Cassady, regional chief executive officer of USI Midwest, said: “We are excited to have such an experienced group of professionals join us, and I look forward to leveraging their deep industry knowledge and exceptional client service to partner with existing and future clients. Their core values are a perfect match with USI’s game-changing approach to delivering enterprise client solutions, and I welcome the Saint Louis team to the USI family.”
With more than 4,200 dedicated, experienced and innovative professionals connected across over 140 offices throughout the United States, USI is a leader in insurance brokerage and consulting in property-casualty, employee benefits, personal insurance, retirement, program and specialty solutions. With approximately $1.0 billion in annualized revenue, USI is the 3rd largest privately held insurance broker (1), the 4th largest privately held commercial lines broker in the United States(2), and the 13th largest insurance brokerage firm in the world(3). USI is also the 2nd largest privately held personal lines broker in the United States(2) and the 7th largest benefits broker ranked by global benefits revenue(4). USI has been recognized for its innovation by Information Week 500 the last three years and Best’s Review January 2014 Innovation Showcase. Additional information about USI may be found at http://www.usi.biz.
1 Business Insurance Largest Privately Owned Brokers, July 21, 2014
2 Insurance Journal’s 2013 Top 50 Privately Held Personal Lines (excludes non standard auto brokers-aggregators) and Insurance Journal’s 2014 Privately Held Commercial Lines Leader Ranking
3 Best's Review's Leader Issue July 2014, Top Global Insurance Brokers Ranking
4 Business Insurance Largest Benefits Brokers, July 21, 2014