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.
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
Maryland Announces $2.5 Billion Settlement Over Baltimore Bridge Collapse 
Lawyers, Traders Among 30 Charged in Global Insider Trading Case 
Some College Finals Delayed After Canvas Online Platform Hacked 
