USI Insurance Services Strengthens Position as Largest Insurance Brokerage and Consulting Firm in West Virginia with Acquisition of MVB Insurance
USI Insurance Services Strengthens Position as Largest Insurance Brokerage and Consulting Firm in West Virginia with Acquisition of MVB Insurance
PR Newswire
VALHALLA, N.Y., July 1, 2016
VALHALLA, N.Y., July 1, 2016 /PRNewswire/ -- USI Insurance Services ("USI") acquired substantially all of the assets of MVB Insurance, LLC ("MVB Insurance") from MVB Financial Corp. (OTCQB: MVBF). MVB Insurance is a retail property-casualty and employee benefits insurance brokerage firm based in Morgantown, West Virginia. All employees at MVB Insurance have been offered employment by USI. MVB Insurance will retain the assets related to, and continue to operate, its title insurance business.
John J. Micale, USI MidAtlantic regional chief executive officer, said: "USI is already the largest insurance brokerage operation in West Virginia, and this acquisition further strengthens our footprint in this marketplace and our ability to deliver our clients an unparalleled suite of services and solutions. MVB Insurance's goal of always delivering high quality, cost effective solutions closely aligns with the USI ONE Advantage® approach, which is setting a new standard and creating a new language for how insurance programs are innovated, communicated and measured. Randy and his team will play an important role to further our expansion efforts throughout the MidAtlantic, and we are excited to have them join the USI family."
L. Randall "Randy" Cober, CIC, chief executive officer, MVB Insurance, said: "It has been our mission to look at every risk individually, and endeavor to do what's best for each. Our clients, team members and carriers all are treated with the same high level of care, courtesy and respect. USI shares in these principles of striving for excellence and cultivating relationships based on honesty and integrity. Our partnership with John and his team will enable us to continue providing the same genuine attention and responsiveness our clients have come to expect, while offering them a wider array of consulting and brokerage solutions through USI's proprietary analytics, networked resources and enterprise planning."
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.
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Contact: |
Contact: |
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Edward J. Bowler |
Cecile M. Locurto |
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USI Insurance Services |
USI Insurance Services |
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914-749-8504 |
914-747-6331 |
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SOURCE USI Insurance Services
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