BISYS, a global provider of business process outsourcing solutions for the financial services sector, announced its acquisition of San Francisco-based Tri-City Brokerage, the nation’s seventh largest commercial lines property/casualty (P/C) wholesaler and the third largest independent wholesaler. The acquisition marks BISYS’ entrance into the high-growth commercial P/C insurance marketplace.
Independent retail agents comprise the primary market Tri-City Brokerage serves. Operating as an intermediary in the placement of commercial P/C insurance, Tri-City links its nationwide distribution channel of more than 1,200 retail brokers and agents with the products manufactured by more than 60 P/C insurance carriers, and supports the distribution process with complete sales and back-office support services.
It specializes in insurance solutions for complicated casualty risks; commercial and habitational real estate such as apartment and condominium complexes; high-limit property catastrophe; director and officer liability; errors and omissions liability; and employment practices liability.
Tri-City will operate as the third component of the BISYS Insurance and Education Services group, and will maintain its offices in San Francisco, Chicago, New York City, and Long Island.
Topics Agencies Property Casualty
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