SHRM leaderboard 12/19/16

Moving Up, Again: Paychex Insurance Agency No. 21 on List of Top 100 U.S. Firms

Press Release from Paychex Inc.

ROCHESTER, N.Y., July 26, 2017 /PRNewswire/ -- Paychex Insurance Agency, Inc., a wholly owned subsidiary of Paychex, Inc., ranked number 21 on Business Insurance magazine's 2017 list of the Top 100 Brokers of U.S. Business, up two spots from its number 23 ranking in 2016. In the agency's seventh appearance on the list, it once again ranks as one of the fastest-growing agencies in the nation. Business Insurance, the leading trade magazine for the commercial insurance industry, annually ranks agents and brokers based on revenues generated by U.S.-based clients.

"We are honored to again be recognized as one of the top insurance firms in the U.S.," said Kevin Hill, Paychex vice president of insurance and HR services. "This achievement is a reflection of our best-in-class agents who continue to deliver comprehensive and customized solutions to meet the evolving needs of business owners and their employees. It's also a testament to our unique business model and ability to deliver value to our clients through an integration of insurance and payroll data that is unrivaled in the marketplace."

With property and casualty offerings foundational to the firm's success, Paychex Insurance Agency experienced year-over-year revenue growth of more than 21 percent, according to the 2017 Business Insurancelisting. In addition, the agency continues to help America's small and mid-size business owners offer affordable health insurance coverage to their employees.

"Property and casualty continues to be an area of strong growth for Paychex Insurance Agency, but we can also attribute much of this past year's success to our expertise in the health care arena," Hill added. "No one knows exactly what the future holds in terms of health care law in the United States. What we can say with certainty is that we're committed to helping our clients stay informed and navigate regulatory change so they're best positioned to offer value-rich health benefits to their employees and avoid penalties."

Paychex Insurance Agency, serving more than 120,000 clients, is a full-service agency offering flexible, scalable insurance solutions for business owners and their employees. Insurance services include:

The Paychex Insurance Agency focuses on meeting the needs of America's businesses and is uniquely positioned in the industry with the ability to use the latest technology to seamlessly integrate with Paychex payroll, significantly streamlining insurance administration. The agency currently works with more than 200 national and regional insurance carriers to design coverage that makes business insurance easier.

To learn more about Paychex Insurance Agency, visit www.paychexinsurance.com.

Insurance is available through Paychex Insurance Agency, Inc., 150 Sawgrass Dr., Rochester, NY 14620. CA License #0C28207

About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 45 years of industry expertise, Paychex serves approximately 605,000 payroll clients as of May 31, 2017, across more than 100 locations and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.

Media Contact
Michael DiLuglio
Employee and Corporate Communications Coordinator
Paychex, Inc.
585-387-4801
mdiluglio@paychex.com
@PaychexNews

View original content:http://www.prnewswire.com/news-releases/moving-up-again-paychex-insurance-agency-no-21-on-list-of-top-100-us-firms-300494565.html

SOURCE Paychex, Inc.