|[January 09, 2013]
USI Insurance Services Announces Acquisition of Pediatrics Insurance Consultants
BRIARCLIFF MANOR, N.Y. --(Business Wire)--
USI Insurance Services LLC ("USI") today announced the closing of the
acquisition of Pediatrics Insurance Consultants ("PIC") based in
Chicago, IL. PIC is the insurance member benefits broker, marketer and
administrator for the American Academy of Pediatrics ("AAP"). PIC will
become a part of USI Affinity, a division of USI Insurance Services, its
affinity business unit. Terms of the transaction were not disclosed.
Douglas W. Kreitzberg, USI Affinity CEO, said, "The PIC and USI Affinity
teams have a shared culture of world class customer service combined
with product and marketing innovation for our respective customers.
Given the long-term relationship with the Academy, we are honored that
PIC's principal, Holly Myers, has entrusted us with providing the
Academy members and their families with products that not only provide
peace of mind, but also serve as a vehicle for furthering the noble
mission of the AAP. We wish Holly well as she pursues a well-deserved
retirement and welcome her team to USI Affinity."
"It has truly been an honor and a privilege for me to be a part of both
the PIC and AAP families," said Holly I. Myers, JD, owner and principal
of PIC. "I have no doubt that USI Affinity will bring the same level of
commitment and excellence to the AAP that it has come to expect over the
past 35 years. Our experienced team will now become USI Affinity
employees and continue to service the AAP and its members. I know that I
am leaving PIC and the AAP in good hands."
USI Affinity maintains a national footprint in the affinity marketing
business and is a leader in providing insurance member benefits to
affinity organizations and is committed to creating strong and lasting
partnerships with its clients.
Located in Chicago, IL, Pediatrics Insurance Consultants, Inc., has been
providing insurance to AAP members for 35 years. The Company works with
the AAP Group Insurance Trust to provide the best coverage and service
to Fellows. Insurance products include group term life insurance,
disability, dental, group accidental death and dismemberment insurance,
and more. Visit http://www.aapinsurance.com.
About USI Insurance Services
Founded in 1994, USI is the ninth largest insurance broker in the United
States and the 13th largest in the world. USI is
headquartered in Briarcliff Manor, NY, and operates out of approximately
100 offices across the United States. Additional information about USI
may be found at www.usi.biz.
About USI Affinity
USI Affinity is a division of USI Insurance Services, the nation's third
largest privately held insurance broker. The Company specializes in
helping organizations provide insurance member benefit programs to its
membership. For over 75 years, USI Affinity has developed, marketed and
administered insurance and member benefits programs that offer
association clients unique advantages in coverage, price and service.
The Company markets and administers a variety of Life-Health, Disability
and Property and Casualty insurance programs for over 440 organizations
nationwide, representing more than 22 million Association, Union and
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