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.


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.