USI News

Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA

USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients. The new platform leverages industry-specific benchmark data to generate tailored risk control solutions to address organizations’ top claim drivers based on …

USI Awarded Over $2M by Federal Jury in Case Against Former Employees

A federal judge in Atlanta this week awarded USI Insurance Services more than $2 million in compensatory and punitive damages to be paid by three former executives of its aviation group for breach of their employment contracts. According to court …

Insurance Pricing: True D&O Buyer’s Market; Stabilized Commercial Auto

Insurance brokerage USI is forecasting that half of 32 commercial insurance product lines analyzed will experience softer pricing in the first half of 2023—including a predicted “buyer’s market” for directors and officers liability with some caveats. Comparing USI’s forecasts for …

USI Acquires Iowa’s Reynolds & Reynolds

Global insurance broker USI Insurance Services announced the acquisition of Des Moines, Iowa-based Reynolds & Reynolds, Inc. Founded in 1976, Reynolds & Reynolds is an independent risk management and employee benefits agency doing business in Iowa and nationally. Terms of …

Veterinarian-Turned-Insurance-Pro Sees Practitioners Thriving But Stressed

The country’s veterinarians have weathered the pandemic better than many businesses. Many were able to keep their practices operating from early on and have not had to worry about lost income like restaurant, gym and other business owners have. Veterinary …

What to Expect in Workers’ Compensation Pricing in 2018

Workers’ compensation rates in 2018 will be mixed, with some programs seeing pricing flat to down and others seeing spikes, according to a market prediction from the broker USI. In other words, market trends should continue as they did in …

USI Taps Lang as Practice Leader in Southern California

USI has named Jeff Lang practice leader for its Southern California commercial insurance division. Lang has more than 20 years of experience in property/casualty brokerage and five years as an insurance company and TPA executive. Lang was a vice president …

USI Names Lang Commercial Insurance Leader in Southern California

USI has named Jeff Lang practice leader for the Southern California commercial insurance division. Lang is based in USI’s Woodland Hills regional office. He will focus on growth strategies, client service and retention, talent acquisition and building USI’s brand in …

Canadian Private Equity Firm Onex Completes USI Acquisition

Canadian private equity firm Onex Corp. said today it has completed its previously announced acquisition of USI Insurance Services from Goldman Sachs Group’s GS Capital Partners for approximately $2.3 billion. The transaction was first announced one month ago. The price …

Onex Corp. of Canada to Acquire USI for $2.3 Billion

Canadian private equity firm Onex Corp. said today it has agreed to acquire insurance brokerage USI from Goldman Sachs Group’s GS Capital Partners private equity fund in a transaction valued at $2.3 billion. The deal is expected to be completed …