USI Insurance Services agreed to acquire Van Gilder Insurance Corp. The acquisition of the Denver, Colo. company is expected to close Dec. 10.
Van Gilder is a full-service insurance brokerage firm that offers employee benefit programs, business insurance, risk management services and personal insurance products. The acquisition will enable USI to expand its footprint in the Rocky Mountain region and further solidify the company's vision of becoming the number one brand in the middle-market insurance brokerage industry.
“For over a century, Van Gilder has been working with clients to listen, learn and assess their needs. In addition to delivering top-notch solutions that are competitively priced, their experienced staff provides ongoing education, advice and guidance to make the insurance process even easier. Through this acquisition, we are not only expanding our national footprint, but our mutual strengths in client service and industry knowledge will benefit both Van Gilder and USI's clients,” said Michael J. Sicard, president, chief executive officer and chairman of USI.
Van Gilder's current president of Donald McG. Woods and chief financial officer Edward M. Harrington, Jr., will remain in their leadership roles following the acquisition, although the company's name will be changed to USI Colorado.
“Our acquisition by USI represents a very important step in our current strategic plan to grow our services and products for clients throughout the Rocky Mountain region,” said Woods.
Customers of Van Gilder will continue to receive the same level of service, and policies will not be impacted.
“We'll be focused on ensuring a smooth transition in the coming months and collaborating with the USI team,” said Woods.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
