USI Insurance Services LLC ("USI") today announced the closing of the acquisition of Pediatrics Insurance Consultants ("PIC") based in Chicago, IL. PIC is the insurance member benefits broker, marketer and administrator for the American Academy of Pediatrics ("AAP"). PIC will become a part of USI Affinity, a division of USI Insurance Services, its affinity business unit. Terms of the transaction were not disclosed.
Douglas W. Kreitzberg, USI Affinity CEO, said, "The PIC and USI Affinity teams have a shared culture of world class customer service combined with product and marketing innovation for our respective customers. Given the long-term relationship with the Academy, we are honored that PIC's principal, Holly Myers, has entrusted us with providing the Academy members and their families with products that not only provide peace of mind, but also serve as a vehicle for furthering the noble mission of the AAP. We wish Holly well as she pursues a well-deserved retirement and welcome her team to USI Affinity."
"It has truly been an honor and a privilege for me to be a part of both the PIC and AAP families," said Holly I. Myers, JD, owner and principal of PIC. "I have no doubt that USI Affinity will bring the same level of commitment and excellence to the AAP that it has come to expect over the past 35 years. Our experienced team will now become USI Affinity employees and continue to service the AAP and its members. I know that I am leaving PIC and the AAP in good hands."
USI Affinity maintains a national footprint in the affinity marketing business and is a leader in providing insurance member benefits to affinity organizations and is committed to creating strong and lasting partnerships with its clients.
Located in Chicago, IL, Pediatrics Insurance Consultants, Inc., has been providing insurance to AAP members for 35 years. The Company works with the AAP Group Insurance Trust to provide the best coverage and service to Fellows. Insurance products include group term life insurance, disability, dental, group accidental death and dismemberment insurance, and more. Visit www.aapinsurance.com.
About USI Insurance Services
Founded in 1994, USI is the 9th largest insurance broker in the United States and the 13th largest in the world. USI is headquartered in Briarcliff Manor, NY, and operates out of approximately 100 offices across the United States. Additional information about USI may be found at www.usi.biz.
About USI Affinity
USI Affinity is a division of USI Insurance Services, the nation's third largest privately held insurance broker. The Company specializes in helping organizations provide insurance member benefit programs to its membership. For over 75 years, USI Affinity has developed, marketed and administered insurance and member benefits programs that offer association clients unique advantages in coverage, price and service. The Company markets and administers a variety of Life-Health, Disability and Property and Casualty insurance programs for over 440 organizations nationwide, representing more than 22 million Association, Union and alumni members.