Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

3 benefits news bites: USI, NFP and Advice2Pay

Your article was successfully shared with the contacts you provided.

USI Insurance Services L.L.C., a major insurance brokerage and consulting firm, has acquired Diversified Insurance Service L.L.C.

Valhalla, New York-based USI now has about 4,400 professionals in 140 offices located in every state. It generates more than $1 billion in annual revenue.

Diversified Insurance, which is based in Elmore, Ohio, is a risk management and employee benefits firm that operates mainly in Ohio. It operates mainly in Ohio.

The companies are not saying how much USI is paying.

Thomas Cassady, the head of USI’s Midwest region, said USI has wanted to “invest, expand and grow” in Ohio.

In other benefits news:

NFP Corp., a New York-based insurance broker with 3,400 employees, has acquired Indianapolis-based City Securities Insurance L.L.C. City Securities Insurance sells employee benefits as well as property-casualty insurance. The price of the deal was not disclosed. NFP says it made the deal partly because it wants to expand in Indiana and in other parts of the Midwest.

Advice2Pay, a new Des Moines, Iowa-based billing service organization, has started handling the employee benefits billing and billing reconciliation process for employers, plan administrators, brokers and insurers. The firm organizers include Don Cahalan, who previously was the president and chief distribution officer at Alpharetta, Georgia-based Accord Systems, an Affordable Care Act employer services firm. 


NFP to sell itself for about $1.01B

TD Bank Sells U.S. Insurance Business to USI

Are you following us on Facebook?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.