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USI Expands Ohio Operation with Acquisition of Accelerated Benefits

Press Release from USI Insurance Services LLC

VALHALLA, N.Y., Feb. 7, 2017 /PRNewswire/ -- USI Insurance Services ("USI"), the number one employee benefits broker in Ohio, announced today that Accelerated Benefits, the largest insurance agency in central Ohio, has joined the firm. Founded in 1986 by Thomas P. Wagoner and headquartered in Dublin, Ohio, Accelerated Benefits and its employees will remain at the current Dublin location. Wagoner has been named president of USI Columbus Employee Benefit Division. Terms of the transaction were not disclosed.

Thomas D. Cassady, USI Midwest regional chief executive officer, said: "For almost 30 years, Accelerated Benefits' growth has been driven by what is known as the company's 'Five-C Employee Benefit Program' – Cost, Compliance, Communication, Coordination and Consultation. Their uncompromising commitment to delivering superior service and ability to offer customizable solutions that fit the unique needs of their clients perfectly complement the USI ONE Advantage®, a customer-centric approach to delivering solutions that is enhancing the insurance brokerage and consulting experience. We are pleased to have Tom and his team join us, and I look forward to combining our strengths to further extend USI's presence as one of the top insurance brokerage firms in the Midwest region."

Thomas P. Wagoner, president, Accelerated Benefits, said: "We are in the 'business of insurance,' not the 'insurance business,' and we have been searching for a partner who focuses on problem solving and generating positive economic results for its clients instead of simply pushing out quotes. The USI ONE platform embodies these values, and through this partnership, customers will continue to enjoy their benefits programs and have access to USI's expanded suite of employee benefits, retirement consulting and personal risk solutions. We are excited to be joining a nationally recognized company that is setting a new standard for risk management and benefit programs, and to growing our footprint in this strategic growth marketplace."

About USI
USI is a leading local and national insurance brokerage and consulting firm, delivering property and casualty, employee benefits, personal risk and retirement solutions throughout the United States. Headquartered in Valhalla, New York, USI has over $1.0 billion in revenue, employs more than 4,400 professionals and operates out of 140 local offices serving every state. USI has become a premier insurance brokerage and consulting firm by leveraging the USI ONE Advantage®, an interactive platform that integrates proprietary and innovative client solutions, networked local resources and enterprise-wide collaboration to deliver customized results with positive, bottom line impact. USI attracts best-in-class industry talent with a long history of deep and continuing investment in our local communities. For more information, visit usi.com.

Contact:

Contact:

Edward J. Bowler

Cecile M. Locurto

USI Insurance Services

USI Insurance Services

914-749-8504

914-747-6331

ed.bowler@usi.com

cecile.locurto@usi.com

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