USI Acquires First Merchants’ Insurance Brokerage

USI Insurance Services (USI) has acquired Indiana-based First Merchants Insurance Group, a retail property/casualty and employee benefits insurance brokerage operation, from First Merchants Corp. (First Merchants).

This acquisition further strengthens USI’s presence as one of the leading middle market insurance brokerage and consulting firms in the Midwest, and complements the company’s property/casualty, employee benefits, personal lines, retirement and specialty offerings.

In connection with the sale transaction, First Merchants and USI have entered into a strategic marketing agreement to provide First Merchants’ clients with continuing access to P/C insurance and employee group benefits products and services.

Source: USI Insurance Services

Topics Mergers & Acquisitions Agencies Property Casualty