USI Insurance Services Acquires Personal Risk Services Business from BBVA Compass Insurance Agency

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Acquisition Further Strengthens USI’s Footprint in Personal Risk Services

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“The clients included in this transaction will benefit from USI’s experience and tools, receiving quality service and a wide array of customized solutions,” said Lorin McMurray, BBVA Compass Insurance Agency president.

USI Insurance Services (“USI”) announced that it has acquired the personal risk services business of BBVA Compass Insurance Agency, Inc. These accounts are defined as homeowner, automobile, umbrella and other recreational policies and will be combined into the USI Phoenix operations.

This acquisition further strengthens USI’s presence as a leading middle market insurance brokerage and consulting firm throughout Arizona, and complements the Company’s wide range of personal risk services, commercial property-casualty, employee benefits and retirement consulting offerings. Terms of the transaction were not disclosed.

“The clients included in this transaction will benefit from USI’s experience and tools, receiving quality service and a wide array of customized solutions,” said Lorin McMurray, BBVA Compass Insurance Agency president.

Wick Pilcher, USI’s operating company president for Arizona, said: “With this acquisition, the business is a perfect match with our approach known as the USI ONE Advantage™. This approach integrates analytics with a networked team of local and national experts using a consultative planning process for the growth and success of our clients and prospects.”

About USI Insurance Services
With more than 4,400 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 3rd 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 BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 672 branches, including 341 in Texas, 89 in Alabama, 77 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico, and commercial and private client offices throughout the U.S. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass earned the top ranking with customers in American Banker's 2014 annual reputation survey of the top 25 largest U.S. retail banks. It also has been recognized as one of the leading small business lenders by the Small Business Administration and in 2014 ranked 12th nationally in total SBA loan volume. Additional information about BBVA Compass can be found at http://www.bbvacompass.com, by following @BBVACompassNews on Twitter or visiting newsroom.bbvacompass.com.

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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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