USI Insurance Services Acquires Alliance Benefit Solutions

  USI Insurance Services Acquires Alliance Benefit Solutions

Business Wire

BRIARCLIFF MANOR, N.Y. -- September 20, 2013

USI Insurance Services ("USI") announced the closing of the acquisition of
Alliance Benefit Solutions located in Shelton, CT. Terms of the transaction
were not disclosed.

Founded in 2002, Alliance Benefit Solutions designs and implements employee
benefits and wellness programs for individuals, families and companies of all
sizes. By combining the existing USI Westport, CT office with Alliance Benefit
Solutions office, USI reaffirms its marketshare position as one of the largest
employee benefits brokerage firms in the New England region.

Joseph J. Fico, regional chief executive officer of USI New England, said,
“Alliance Benefit Solutions has a reputation for helping customers navigate
through complex healthcare landscapes, and delivering them a superior benefits
plan with value-added support. They build long-lasting partnerships with both
individuals and businesses by focusing on the client’s specific challenges and
requirements, and then offering a solution that drives better value for the
spend. USI leverages a resource-intensive, consultative process that aligns
perfectly with their client focus and group specialization business model.
This acquisition will undoubtedly further strengthen our position as a leading
employee benefits broker in New England and plays an important role in USI’s
vision of becoming the national brand in the middle market and specialty
market. I am pleased to have Larry and his experienced team join us and
welcome them to USI.”

“We are excited to be joining the talented folks at USI,” said Laurence J.
Cass, Jr., president and founder of Alliance Benefit Solutions. “The
combination of our employee benefits practices will enable us to offer
additional products and services to individuals, families and businesses, and
it also allows for strategic partnering in future growth opportunities. With
this acquisition, we will continue to provide the local, intimate attention
our customers currently enjoy, but they will now have the added benefit of
tapping into a deep pool of technical resources that comes from partnering
with a nationally-recognized insurance brokerage firm.”

About Alliance Benefit Solutions

Located in Shelton, CT, Alliance Benefit Solutions provides group health
benefits, individual health insurance, and health and wellness programs. The
Company designs creative, cost-effective benefits solutions that help
customers stay in compliance, enjoy lower health insurance premiums and
successfully meet their healthcare plan goals. Visit:
www.alliancebenefitsolutions.com

About USI Insurance Services

Founded in 1994, USI is the 10^th largest insurance broker in the United
States and the 14^th largest in the world. USI is headquartered in Briarcliff
Manor, NY, and operates out of approximately 100 offices across the United
States. Additional information about USI may be found at www.usi.biz.

Contact:

USI Insurance Services
Edward J. Bowler, 914-749-8504
ed.bowler@usi.biz
or
USI Insurance Services
Cecile M. Locurto, 914-747-6331
cecile.locurto@usi.biz
 
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