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USI Insurance Services enters agreement to purchase Wells Fargo Insurance Services

Terms of the transaction were not disclosed, but it is expected to close in the fourth quarter 2017.

By Denny Jacob | Updated on June 28, 2017

USI Insurance Services has entered into an agreement with Wells Fargo & Company to purchase Wells Fargo Insurance Services USA (WFIS), which includes its insurance brokerage and consulting, employee benefits and property & casualty national practices, along with safehold special risk, small business insurance, student insurance, individual health and private risk management insurance business lines. Terms of the transaction were not disclosed. 

Related: Will Wells Fargo & Co. sell its insurance brokerage business?

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