USI Insurance Services, the tenth largest insurance broker in the United States, has completed its acquisition of Molton, Allen & Williams LLC.
“MAW’s reputation of delivering on large, complex risks is perfectly aligned with USI’s approach, which applies deep knowledge and technical resources to produce a breadth of solutions that drive down costs and strengthen a balance sheet,” said Michael Sicard, chairman, president, and CEO of USI Insurance Services. “Through this acquisition, we partner with an experienced staff that will not only extend our presence in the Southeast but will help us realize our vision of becoming the national brand in the middle-market insurance brokerage industry.”
Details of the transaction were not disclosed. Molton, Allen & Williams (MAW), headquartered in Birmingham, Alabama and founded in 1886, offers commercial and personal lines and employee benefits to clients across the Southeast.
“We have always thought of our company as a 127-year-old startup company that continues to add new talent and fresh ideas to our core of experience, and I see those same values with USI,” said John Williams, chairman and CEO of MAW. “Through our partnership, our clients will now have the benefits that come from a nationally recognized broker while still maintaining the deep, local relationships that have been cultivated over our many years. We are excited to be joining USI, and I look forward to continuing to provide our clients an unparalleled sales experience that is now complemented by an expanded set of resources.”
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