Reinsurance News

USI Insurance Services

Property lines with poor loss history to see rate rises up to 150%: USI

5th January 2023

Broker and consulting firm USI Insurance Services has forecast that cat or non-cat property with poor loss history or poor risk quality may see rate increases of up to 150% in the first half of 2023. Following three years of a firming market with increased deductibles, valuation adjustments, and reductions in ... Read the full article

USI Insurance Services and GK8 team up on crypto insurance cover

30th November 2022

Broker and consulting firm USI Insurance Services is to team up with platform GK8 to launch a new plan giving the latter’s customers up to $1bn of dedicated cover. A joint statement from the two firms said that plan will allow GK8’s crypto custody solution offers access to the highest insurance ... Read the full article

USI Insurance Services acquires Oregon-based insurance agency

13th November 2019

Insurance brokerage and risk management firm, USI Insurance Services, has acquired Oregon-based insurance agency Alfred J. Davis Company. Alfred J. Davis Company was founded in 1947 and provides commercial insurance solutions and personal risk products to both individuals and businesses in Oregon for more than 70 years. Following the completion of the ... Read the full article

USI Insurance Services completes acquisition of U.S. Risk

2nd July 2019

USI Insurance Services (UCI) has completed its previously announced acquisition of U.S. domiciled brokerage, U.S. Risk Insurance Group. The terms of the transaction were not disclosed, but it's been revealed that U.S. Risk will keep its Dallas headquarters and will continue to operate independently under its existing brands, U.S. Risk, Oxford, ... Read the full article

USI Insurance Services acquiring broker U.S. Risk

13th February 2019

USI Insurance Services (USI) is set to acquire property and casualty program and specialty brokerage firm U.S. Risk Insurance Group (U.S. Risk) for an undisclosed sum. U.S. Risk said that it has entered into an agreement to be acquired by broker and consultancy USI, resulting in a transaction that is expected ... Read the full article

USI Insurance to acquire Wells Fargo Insurance Services USA

29th June 2017

USI Insurance Services (USI) and Wells Fargo & Company ( Wells Fargo) have announced the entry into an agreement that will see USI acquire Wells Fargo Insurance Services USA (WFIS). The acquisition includes WFIS' Insurance Broking and Consulting unit, Employee Benefits and Property & Casualty national practices, and also Safehold Special Risk, ... Read the full article