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USI makes Pennsylvania acquisition

Posted On: May. 3, 2021 10:42 AM CST


USI Insurance Services Inc. said Monday it had completed its acquisition of the insurance business of Northwest Insurance Services from Northwest Bank, a subsidiary of Northwest Bancshares Inc.

Warren, Pennsylvania-based Northwest Insurance Services, a wholly owned subsidiary of Northwest Bank, provides property/casualty, life, disability and long-term care insurance, as well as group health, life and disability employee benefits.

Northwest Insurance Services has 58 employees, all of whom will be joining Valhalla, New York-based USI, according to the broker’s statement.

Northwest Insurance Services will assume the USI Insurance Services brand, according to a USI spokesman.

USI is the ninth-largest broker of U.S business, according to the most recent Business Insurance rankings.