Valhalla, N.Y.-based USI Insurance Services announced the closing on the acquisition of Wallace Insurance Inc./Scott Insurance Services headquartered in Anchorage, Alaska.
The employee benefits practice and all of its employees will join USI’s Anchorage office. By acquiring Wallace/Scott, USI’s footprint in the Northwest has been further extended. Terms of the deal were not disclosed.
Wallace/Scott delivers to its clients an array of employee benefit products and services, including expertise in wellness, insured/self-funded plans, group life and disability plans, along with executive business travel accident programs.
USI is operates out of more than 140 offices across the U.S.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
