Michael J. Sicard, USI chairman, president and CEO, commented: "We look forward to investing and growing in the Carolinas, continuing to serve, support and bring the distinctive USI ONE Advantage to our clients, associates and communities."
Valhalla, NY (PRWEB) September 24, 2015
USI Insurance Services (“USI”) announced that it acquired the employee benefits business of Benefit Controls of the Carolinas, Inc. This is the first acquisition in North Carolina for USI, extending its presence as the leading middle market insurance brokerage and consulting firm in the Southeast. A leading employee benefits consulting firm, Benefit Controls of the Carolinas, Inc. designs and manages employee benefits and wellness solutions as well as provides human resources consulting for companies of all sizes. This business and its employees will remain in its Charlotte, North Carolina, location. Terms of the transaction were not disclosed.
W. Scott Gantt, RHU, GBA, CEBS, president of Benefit Controls of the Carolinas, Inc. said: “We have a long-standing reputation for helping customers navigate through complex healthcare landscapes, and for delivering a superior employee benefits solution with value-added support. With this acquisition, our clients will benefit from USI’s national market leverage and expanded suite of products and services, while still enjoying the high touch, specialized customer care we have become known for in the Carolinas. We are excited to be joining USI and look forward to playing an important role in growing this marketplace with Jim and his team.”
James W. Dunn, regional chief executive officer for the USI Southeast region, said: “Benefit Controls of the Carolinas, Inc. has long been recognized for providing premier employee benefits, exceptional professional advice and guidance, and outstanding customer service. Their proactive, consultative approach to building long-term relationships aligns perfectly with our game-changing platform known as the USI ONE Advantage®. Our platform integrates business analytics with a networked team of national and local experts and uses an enterprise planning process that generates targeted employee benefit and risk management solutions. This acquisition further strengthens our footprint in the Southeast and we plan to invest heavily and build around Scott’s leadership. I welcome Scott and his talented team to our growing USI family.”
Michael J. Sicard, USI chairman, president and CEO, commented: "We are thrilled to welcome Scott and the entire Benefit Controls team to USI. We look forward to investing and growing in the Carolinas, continuing to serve, support and bring the distinctive USI ONE Advantage to our clients, associates and communities."
About USI Insurance Services
USI has more than 4,400 dedicated, experienced and innovative professionals connected across over 140 offices throughout the United States, and 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 8th largest insurance broker of U.S. business(1), the 4th largest privately held commercial lines broker in the United States(2), and the 12th 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 and Best’s Review January 2014 Innovation Showcase. Visit the Company’s website at http://www.usi.biz.
1 Business Insurance 2015 100 Largest Brokers of U.S. Business, July 19, 2015
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 2015, Top Global Insurance Brokers Ranking
4 Business Insurance Largest Benefits Brokers, July 21, 2014