NewsHK
Sector-wide consolidation in U.S. insurance brokerage is accelerating, and the excess and surplus segment is pulling it along.
Aon agreed Monday to acquire USI Insurance Services from KKR and other shareholders for $17 billion in cash, its second major middle-market deal in two years following the $13 billion purchase of NFP in 2024.
USI, based in Valhalla, New York, is the tenth largest U.S. insurance broker, with approximately $3 billion in annual revenue and more than 10,500 employees across close to 200 offices nationwide.
The firm serves mid-sized businesses across property and casualty, employee benefits, personal risk, and retirement lines. Aon said the acquisition would deepen its position in a U.S.
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