The month of August saw one major insurance-brokerage firm purchase the P&C brokerage operations of a bank as USI Insurance Services announced its acquisition of TD Insurance Inc.
TD Insurance is one of the largest bank-owned insurance agencies and brokerage firms in the United States, offering insurance and employee-benefits products and services.
USI says it anticipates the acquisition, expected to close by the end of September, will contribute $58.2 million in revenues on an annual basis.
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