bferry@timesobserver.com
Northwest Bank has entered into an agreement to sell its insurance business, through Northwest Insurance Services, to USI Insurance Services.
“We are pleased to have reached a definitive agreement with USI, one of the largest risk management, employee benefit and retirement consulting firms in the world,” Vice President and Communications Manager Melanie Clabaugh said.
According to a release through PRNewswire, “USI connects over 8,000 industry-leading professionals from approximately 200 offices to serve clients’ local, national and international needs.”
“This transaction, which is expected to close early in the second quarter of 2021, will not impact Northwest Insurance Services clients’ insurance coverage, payment schedules or procedures,” Clabaugh said. “And, they’ll continue to work with the same talented insurance professionals, who will have access to an expanded set of tools, resources and expertise.”