Wachovia Insurance Services said its acquisition of US Insurance Underwriters (USIU) is its first entry into the Miami market, opening its doors to the Hispanic community there.
Terms of the deal were not released.
Vince Scanlon, a spokesman for the insurance brokerage firm, a subsidiary of Charlotte, N.C.-based bank Wachovia Corp., said the acquisition of USIU will serve as its base for continued expansion into Southern Florida. He said the firm has other locations in Florida, specifically Tampa.
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