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.
D&O Market Expected to Tighten Under Pressure, Says AM Best 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap 
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk 
