USI Insurance Services Continues Expansion in Indiana with Acquisition of Forrest Sherer Insurance

VALHALLA, N.Y., April 4, 2016 /PRNewswire/ -- USI Insurance Services ("USI") has acquired Forest Sherer Insurance, Inc., ("Forrest Sherer"), from First Financial Corporation. Headquartered in Terre Haute, Indiana, Forrest Sherer has been providing property-casualty, employee benefits and personal risk services for more than 90 years. The employees will remain at the current Terre Haute and Evansville, Indiana, locations. Terms of the transaction were not disclosed.

Michael J. Sicard, chairman, president and CEO of USI, said: "We are excited to welcome the Forrest Sherer team and their long history of delivering great expertise, people and service to their clients and communities. USI has grown into one of the leading property & casualty, employee benefit and personal risk broker consultants in Indiana, and we are committed to continue to invest and grow in this great state and the surrounding communities."

John S. Lukens, president and CEO of Forrest Sherer Insurance Inc., said: "We are proud to have created a standard of service we like to call The Sherer Edge. This commitment to excellence will remain and we will continue to be a trusted advocate for our clients, who now will enjoy an expanded suite of insurance solutions and services afforded by a national organization. I am excited to be partnering with a firm whose values, as demonstrated by the USI ONE Advantage^®, are closely aligned with ours. And, I look forward to fostering new and existing relationships that will be based upon these mutual principles."

Thomas D. Cassady, USI Midwest regional chief executive officer, said: "For almost a century, the clients of Forrest Sherer have been enjoying value-added insurance programs that are tailored to their specific needs, challenges and budgets. Their staff's industry knowledge and passion to protect what is near and dear to their customers' hearts are a great match with USI ONE and our best-in-class talent. By joining forces today, we are able to further strengthen USI's position as the leading insurance brokerage firm in the Midwest, and I welcome John and his team to the USI family."

About USI Insurance Services
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, 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^®, a platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide delivery to create customized solutions for clients with positive, bottom line impact. USI attracts best-in-class industry talent with a long history over 100 years of deep and continuing investment in our local communities. Visit usi.biz.

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SOURCE USI Insurance Services (“USI”)