Northwest Bank Announces Agreement to Sell Its Insurance Business to USI Insurance Services
WARREN, Pa. and VALHALLA, N.Y. , April 1, 2021 |PRNewswire| -- Northwest Bank, a subsidiary of Northwest Bancshares, Inc. (NASDAQ: NWBI ), today announced that it has entered into a definitive agreement to sell its insurance business offered through Northwest Insurance Services to USI Insurance Services ("USI"). Northwest Insurance Services is a wholly-owned subsidiary of Northwest Bank, offering property and casualty, life, disability and long-term care insurance, as well as group health, life and disability employee benefits. USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. USI connects over 8,000 industry-leading professionals from approximately 200 offices to serve clients' local, national and international needs. Commenting on the announcement, Northwest Bank's President and CEO, Ron Seiffert stated: "We are very pleased to have reached a definitive agreement with USI.
Northwest Bank Announces Agreement to Sell Its Insurance Business to USI Insurance Services
WARREN, Pa. and VALHALLA, N.Y. , April 1, 2021 |PRNewswire| -- Northwest Bank, a subsidiary of Northwest Bancshares, Inc. (NASDAQ: NWBI ), today announced that it has entered into a definitive agreement to sell its insurance business offered through Northwest Insurance Services to USI Insurance Services ("USI"). Northwest Insurance Services is a wholly-owned subsidiary of Northwest Bank, offering property and casualty, life, disability and long-term care insurance, as well as group health, life and disability employee benefits. USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. USI connects over 8,000 industry-leading professionals from approximately 200 offices to serve clients' local, national and international needs. Commenting on the announcement, Northwest Bank's President and CEO, Ron Seiffert stated: "We are very pleased to have reached a definitive agreement with USI.