USI Insurance Services Completes Acquisition of Insurance Business Offered Through Northwest Insurance Services
New partnership expands USI's expertise in trade, employee benefits and personal risk VALHALLA, NY and WARREN, PA, May 3, 2021 (GLOBE NEWSWIRE) - USI Insurance Services ("USI"), a global leader in risk management, employee benefits and retirement benefits, today announced the completion of its acquisition of the insurance business, offered through Northwest Insurance Services by Northwest Bank, a subsidiary of Northwest Bancshares, Inc. (NASDAQ: NWBI). Northwest Insurance Services is a wholly owned subsidiary of Northwest Bank providing property and casualty, life, disability and long-term care insurance, and group health, life and disability employee benefits. Northwest Bank President and CEO Ron Seiffert stated, “In finding the right partner for our insurance business, we had two main requirements: Positioning our Insurance Services group with a proven industry leader in property and casualty, benefits Employee, personal risk and retirement planning, and partnering with...