USI Insurance Services Expands Presence in Professional Liability Insurance Market with Acquisition of Healthcare Liability Solutions

Jan 15, 2016, 11:00 ET from USI Insurance Services

VALHALLA, N.Y., Jan. 15, 2016 /PRNewswire/ -- USI Insurance Services ("USI") has acquired Healthcare Liability Solutions, LLC ("HLS"), located in Houston, Texas. HLS is a property and casualty brokerage firm dedicated to customizing insurance programs for healthcare organizations and providers specializing in professional liability insurance. Terms of the transaction were not disclosed.

John D. Collado, USI regional chief executive officer, said: "HLS has a deep commitment to offering sophisticated, creative and cost-effective solutions, and their experienced staff will help us broaden our reach in the professional liability market." Michael J. Sicard, USI's chairman, president and CEO, said: "We are excited to welcome Denise and her team to the USI family. Their strong insurance knowledge, long-term relationships and technical expertise in healthcare regulations complement our USI ONE Advantage® platform."

Denise D. Barnes, president, Healthcare Liability Solutions, said: "This acquisition allows us to continue customizing insurance programs for healthcare organizations and providers, but now our clients also will enjoy an expanded suite of best-in-class solutions and services provided by a national organization. We look forward to partnering with the USI team of local and national experts and to creating targeted risk management programs that will foster growth for existing and future healthcare clients."

About USI Insurance Services
USI is a top 10 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 nearly 140 local offices serving every state. USI has become a premier insurance brokerage firm by leveraging the USI ONE Advantage®, an interactive platform that integrates proprietary analytics, networked resources and enterprise planning to create customized solutions with positive, bottom line impact. The value of USI, and our ability to attract best-in-class industry talent while providing superior solutions and services to our clients and our communities, is achieved through the collaboration and expertise of our local teams. For more information visit usi.biz.

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Edward J. Bowler                           

Cecile M. Locurto

USI Insurance Services                    

USI Insurance Services

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cecile.locurto@usi.biz           

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