USI Insurance Services

USI is projecting rate increases across most lines of business will flatten or even decrease in 2022.

The transaction follows USI’s acquisition of four other regional agencies earlier this year.

The acquisition follows a buyout in May of Northwest Insurance Services, a subsidiary of Northwest Bank.

The transaction follows USI's acquisition of two regional agency businesses earlier this year.

Interest in parametric coverages has increased among insurance buyers as a response to coverage gaps exposed by unanticipated losses and tightening traditional market capacity.

The transaction is expected to close early in the second quarter of 2021.

Inland will become part of USI’s Northwest division, under regional CEO Chris Prentice.

The KKR and CDOQ-backed intermediary pays just under 3x rolling 12-month revenue for ABRC.

Dean Anderson, Roger Maldonado and Taylor Anderson will join the broker’s southeast practice in Atlanta, Georgia.

D&O rates are expected to increase generally 25 to 50 percent over Q4, although rates for some “troubled” accounts may double.