USI Holdings Corporation announced the closing of the acquisition of Burlingame, Calif.-based retail property & casualty firm operating as Winthrop Insurance Plans. This operation has been providing employee property & casualty solutions to middle market businesses in the San Francisco area since 1984. The acquisition is expected to contribute approximately $800,000 of revenues to USI on an annual basis.
David Eslick, chairman, president and CEO of USI, said, “Ray (Andreini) has been providing middle market clients in the San Francisco-area with property & casualty solutions for 20 years. The addition of new production talent along with enhanced property & casualty expertise complement our existing San Francisco operation and position us well to cross-sell existing clients and attract new business. With the successful completion of each acquisition, USI reinforces our commitment to cross-selling, diversifying revenues and providing a single source for the highest quality products and service to all our clients. I am pleased to welcome Ray Andreini and his team to USI.”
Founded in 1994, USI is a distributor of insurance and financial products and services to businesses throughout the United States.
Topics California Property Casualty
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
Lawyer for Prominent Texas Law Firm Among Victims ID’d in Maine Plane Crash 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
