USI Insurance acquires Texas business

By John Golden

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USI Insurance Services, the insurance brokerage and consulting company headquartered in Valhalla, this month acquired the property-casualty business of Alexander & Associates Insurance Services LLC in El Paso, Texas.

USI in its recent announcement said the deal reinforces USI’s presence as a leading middle-market insurance brokerage and consulting firm in Texas and complements the company’s personal risk services, commercial property-casualty, employee benefits and retirement consulting offerings.

The acquired business and its employees will join USI’s El Paso office. Financial terms of the transaction were not disclosed.

Ranked the third-largest privately held insurance broker in the U.S. last year by an insurance trade publication, USI has 4,400 employees in more than 140 offices across the U.S. The Valhalla-based company reported approximately $1 billion in annualized revenue.

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About the author

John Golden
The Business Journal’s senior writer, John Golden directs news coverage of the county and Hudson Valley region as Westchester bureau chief. He was an award-winning upstate columnist and feature writer before joining the Business Journal in 2007. He is the author of “Northern Drift: Sketches on the New York Frontier,” a collection of his regional journalism.
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