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TMCNet:  USI Insurance Services Acquires Wick Pilcher Insurance

[January 03, 2013]

USI Insurance Services Acquires Wick Pilcher Insurance

BRIARCLIFF MANOR, N.Y. --(Business Wire)--

USI Insurance Services ("USI") today announced the closing of the acquisition of Wick Pilcher Insurance, Inc. based in Phoenix, Ariz. Terms of the transaction were not disclosed.

Formed in 1992, Wick Pilcher Insurance provides comprehensive insurance programs for all facets of employee benefits, commercial and personal risk. By combining the existing USI office in Phoenix with Wick Pilcher Insurance, USI becomes one of the largest middle-market insurance brokerage firms in the Greater Phoenix metropolitan area.

Thomas R. Lewis, USI's regional CEO for the West, said, "I am very excited to be expanding and merging our existing operations in Phoenix under Wick's leadership. Wick and his team have been providing clients competitive pricing and outstanding service for more than 20 years. We are partnering with an experienced staff that truly understands all aspects of the mid-market insurance business. Their reputation for being proactive in nalyzing and developing effective programs is a perfect complement to USI's resource-intensive, consultative strategy of delivering economically justified results to risk and employee benefit challenges. I couldn't be more pleased to have Wick and his team join us."

"We look forward to partnering with USI," said William "Wick" W. Pilcher, II, president and CEO of Wick Pilcher Insurance. "The Pilcher legacy of placing our client's needsĀ above all else remains our primary goal. I continue to be committed to our clients, our employees and our company, today as well as in positioning ourselves for the future."

About Wick Pilcher Insurance

Wick Pilcher Insurance is a second generation independent insurance agency with more than 20 years experience. The Pilcher family has been in the insurance industry since 1950, providing insurance solutions to businesses and individuals throughout Arizona. Competitive pricing, professional team members and exceptional individualized client services set the agency apart from its competitors. Visit www.wickpilcherins.com.

About USI Insurance Services

Founded in 1994, USI is the 9th largest insurance broker in the United States and the 13th largest in the world. USI is headquartered in Briarcliff Manor, NY, and operates out of approximately 100 offices across the United States. Additional information about USI may be found at www.usi.biz.


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