USI Completes Dodge-Warren & Peters Deal
|NU Online News Service, May 3, 3:44 p.m.EDT?USI Holdings Corporation brokerage said it hascompleted the acquisition of Dodge-Warren & Peters InsuranceServices Inc., based in Los Angeles.[@@]
|USI, in Briarcliff Manor, N.Y., said the addition of DWP wouldcontribute $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 andemployee benefits services through four offices in SouthernCalifornia.
|USI said the combination of DWP with its existing SouthernCalifornia operation would create one of the largest middle-marketbrokers in the region.
|DWP received honorable mention for two consecutive years inNational Underwriter's "Commercial Insurance Agency of theYear Award" competition.
|Information about this year's contest is available by clickingon the award icon at www.nationalunderwriter.com.
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