USI Insurance Services Announces the Completion of the Acquisition of a Program Business from Askin, Weber, and Reed

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Acquisition Further Strengthens USI’s Specialty Business in the Unites States

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Doug Kreitzberg, USI Affinity chief executive, said: “We are excited by the opportunity to work with the NJSCPA. Combining their strengths and ours, USI Affinity can continue its commitment to building successful affinity partnerships across the nation."

USI Insurance Services (“USI”) announced its acquisition of an insurance program business from Askin, Weber, and Reed (“AWR”). USI Affinity, a division of USI, will be the insurance member benefits broker and administrator for the New Jersey Society of Certified Public Accountants (NJSCPA), providing life, disability, long term care, accidental death & dismemberment, and business overhead expense insurance to cover the needs of members in private and public practice. This acquisition further strengthens USI Affinity’s presence in the United States as a leading insurance brokerage and consulting firm.

Douglas W. Kreitzberg, chief executive for USI Affinity said of the acquisition: “We are excited by the opportunity to work with the NJSCPA. Combining their strengths and ours, USI Affinity can continue its commitment to building successful affinity partnerships all across the nation.”

Michael P. Barron, president of AWR, said: “USI Affinity has a long history of service to its clients, and we believe this couldn’t be a better choice in strategic partners to continue the legacy of AWR.”

USI Affinity is a national leader in providing insurance member benefits to affinity organizations. A large part of its success has come from working to understand the client and customer’s unique challenges. USI Affinity leverages technology and carrier relationships to deliver best-in-class programs and solutions that not only provide value for the client in attracting and retaining members, but educate members and protect their personal and financial well being.

About USI Insurance Services
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 risk services, 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.

About USI Affinity
USI Affinity is a division of USI Insurance Service and is one of the leading providers of insurance, financial, and risk management services to professional associations, individuals and small business owners. USI Affinity markets and administers insurance programs for more than 400 associations nationwide, representing more than 20 million members.

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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

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