USI completes acquisition of insurance business from Northwest Bank

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USI completes acquisition of insurance business from Northwest Bank

USI Insurance Services, one of the largest insurance brokerage and risk consulting firms in the world, has completed its acquisition of the insurance business offered through Northwest Insurance Services from Northwest Bank, a subsidiary of Northwest Bancshares, Inc.

Northwest Insurance Services offers property and casualty, life, disability and long-term care insurance, as well as group health, life and disability employee benefits. It was a wholly-owned subsidiary of Northwest Bank, a full-service financial institution founded in 1896, which offers a complete line of business and personal banking products, as well as employee benefits and wealth management services.

“In searching for the right partner for our insurance business, we had two key requirements – positioning our Insurance Services group with a proven industry leader in property and casualty insurance, employee benefits, personal risk and retirement consulting, and partnering with an established firm that would continue to value the contributions of all Northwest Insurance Services employees,” said Northwest Bank’s president and CEO, Ron Seiffert.

“USI met both requirements, and I’m confident their national capabilities, delivered through longstanding, passionate and committed local service teams, will continue to deliver the superior level of service and solutions our clients have come to expect.”

Insurance brokerage behemoth USI connects over 8,000 insurance professionals from approximately 200 offices to serve clients’ local, national and international needs. This new partnership expands USI’s commercial, employee benefit and personal risk expertise. Together, they will continue to utilize USI ONE Advantage, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide collaboration to deliver customized results.

“We are thrilled to welcome the clients and talented professionals from Northwest Insurance Services to USI,” said Michael J. Sicard, chairman and CEO of USI. “Partnering together, we look forward to delivering a uniquely exceptional and impactful experience for our current and future clients through the USI ONE Advantage.”  

 

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