USI Completes Dodge-Warren & Peters Deal
NU Online News Service, May 3, 3:44 p.m. EDT?USI Holdings Corporation brokerage said it has completed the acquisition of Dodge-Warren & Peters Insurance Services Inc., based in Los Angeles.[@@]
USI, in Briarcliff Manor, N.Y., said the addition of DWP would contribute $25 million in revenue to the firm on an annual basis. Terms of the transaction were not released.
Founded in 1977, DWP offers retail property-casualty and employee benefits services through four offices in Southern California.
USI said the combination of DWP with its existing Southern California operation would create one of the largest middle-market brokers in the region.
DWP received honorable mention for two consecutive years in National Underwriter's "Commercial Insurance Agency of the Year Award" competition.
Information about this year's contest is available by clicking on the award icon at www.nationalunderwriter.com.
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