The month of August saw one major insurance brokerage firm acquire the property and casualty insurance brokerage operations of a bank, as USI Insurance Services announcing its acquisition of T.D. Insurance Inc.
TD Insurance is one of the largest bank-owned insurance agencies and brokerage firms in the United States, offering insurance and employee benefits products and services.
USI says it expects the acquisition to contribute $58.2 million in revenues on an annual basis. The acquisition is expected to close by the end of September.
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