USI Insurance Services (USI) announced the closing of its acquisition of Key Insurance & Benefits Services Inc., formerly part of KeyBank. Terms of the transaction were not disclosed.
USI is a Valhalla, N.Y.-headquartered insurance brokerage and consulting firm delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals.
Headquartered in Buffalo, N.Y., Key Insurance & Benefits Services Inc. is a regional provider of risk management and employee benefit solutions with 350 teammates working in eight offices in upstate New York, Pennsylvania and Connecticut.
Together, USI and Key Insurance & Benefits Services are investing and expanding in communities including Buffalo, Rochester, Pittsburgh, Norwalk and cities across New York, Connecticut, Pennsylvania and across the country, according to USI Chairman and CEO Michael J. Sicard in a company press release.
Source: USI Insurance Services
Topics Mergers & Acquisitions New York
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