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USI buys Michigan agency


USI Insurance Services LLC has acquired Troy, Michigan-based agency Colburn Group Insurance, the brokerage announced Monday.

Terms of the deal were not disclosed.

Colburn places commercial property/casualty coverage, employee benefits and personal lines insurance.

Colburn’s nine employees, including Harry Colburn, chairman, and Pamela Haron, president, will join USI, the Valhalla, New York-based brokerage said in a statement.

USI is the world’s ninth-largest brokerage and the eighth-largest broker of U.S. business, according to Business Insurance‘s 2020 rankings.