VALHALLA, N.Y., Jan. 17, 2017 /PRNewswire/ -- USI Insurance Services ("USI") announced today it has acquired Diversified Insurance Service, a risk management and employee benefits firm headquartered in Elmore, Ohio. Originally founded in 1948, Diversified Insurance Service provides personal risk, commercial and employee benefits products for clients throughout Ohio. Terms of the transaction were not disclosed.
Thomas D. Cassady, USI Midwest regional chief executive officer, said: "Ohio is a strategic area where we are looking to invest, expand and grow, and this acquisition with Diversified Insurance Service further extends our presence as one of the top insurance brokerage firms in this market. Furthermore, their solid client base and deep ties with the local community perfectly complement the USI ONE Advantage® value proposition. I look forward to combining our strengths to cultivate new and current relationships throughout the region and welcome them to USI."
Mark T. Reilly, principal, Diversified Insurance Service, said: "Our customers will continue to benefit from our innovative products and services, but now they can tap into USI's expanded suite of employee benefits, retirement consulting and personal risk solutions which generate positive economic results. We are excited to be joining a nationally recognized company that is transforming the customer experience through customized risk management and benefit programs, and I look forward to working with Tom and his team."
USI is a leading local and national insurance brokerage and consulting firm, delivering property and casualty, employee benefits, personal risk and retirement solutions throughout the United States. Headquartered in Valhalla, New York, USI has over $1.0 billion in revenue, employs more than 4,400 professionals and operates out of 140 local offices serving every state. USI has become a premier insurance brokerage and consulting firm by leveraging the USI ONE Advantage®, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide collaboration to deliver customized results with positive, bottom line impact. USI attracts best-in-class industry talent with a long history of deep and continuing investment in our local communities. For more information, visit usi.com.
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SOURCE USI Insurance Services