USI Insurance News

USI Appoints Deskins as Bond Manager for Kentucky

USI Insurance Services has added Randy Deskins to the USI MidSouth region as its bond manager. Based in the USI Louisville, Ky., office, Deskins will be responsible for managing the service delivery of surety clients and surety carrier relationships throughout …

Wells Fargo Selling 42 Smaller Regional Insurance Offices to USI

Wells Fargo & Co., the largest U.S. home lender, has agreed to sell more than 40 percent of its insurance brokerage locations to focus bricks-and-mortar operations on higher-growth regions and bigger clients. USI Insurance Services will purchase 42 of Wells …

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 …