[April 16, 2014]

USI Insurance Services Acquires Webb & Greer Insurance Agency

USI Insurance Services ("USI") announced today the closing of the acquisition of Webb & Greer Insurance Agency, Inc., ("Webb & Greer"), based in Tempe, AZ. Terms of the transaction were not disclosed.

Founded in 1995, Webb & Greer provides personalized, value-added commercial property and liability insurance programs in the Phoenix metropolitan area and throughout the United States. By combining the existing USI Phoenix office with Webb & Greer, USI extends its presence as one of the largest middle-market insurance brokerage firms in the Greater Phoenix metropolitan area.

Thomas "Thom" R. Lewis, regional CEO for USI West, said: "We're excited to have Craig, Ben and their firm join USI. Webb & Greer has an excellent reputation with its clients who will benefit from this merger into our existing operations through the leverage of our middle market focus and resource capabilities. Over the last three years, USI has made a considerable investment in Arizona, and we believe we have a tremendous opportunity to continue our expansion in Phoenix and to strengthen our brand across this state."

William "Wick" W. Pilcher, II, USI's Phoenix CEO, said: "I am delighted to be expanding and merging USI's existing operations with Webb & Greer. I have known Craig for over thirty years, and he and Ben have done an outstanding job of building their agency, and are well-respcted among their clients and peers. Without question, this acquisition enhances our practice with expanded scale and scope, and I welcome them to the USI family."

Craig Webb, former CEO of Webb & Greer said: "The coupling of our talented and knowledgeable producer group with USI's proven technology and resources will create a dynamic sales climate that will be unmatched in Arizona. Our expectation is that this acquisition will further strengthen USI's operations and its value proposition among clients. We look forward to fully merging our operations and the growth it will bring."

Benjamin A. Greer, president of Webb & Greer Insurance, said: "USI is an excellent fit for our customers and employees. We share USI's commitment to providing outstanding client service that strives to exceed expectations and cultivates client loyalty. I am excited to be working with the USI team and to growing the Phoenix practice with new opportunities."

About Webb & Greer Insurance

Webb & Greer Insurance began in 1995 with the acquisition of a small insurance agency generating only $250,000 in commissions. The firm grew organically to become the 15th largest insurance agency in Arizona. Webb & Greer's producers are adept at identifying and providing competitive coverage and ongoing exemplary customer service.

About USI Insurance Services

USI is the 3rd largest privately held insurance broker¹, the 4th largest privately held commercial lines broker in the United States², and the 14th largest insurance brokerage firm in the world³. With more than 4,000 dedicated, experienced and innovative professionals, USI is a leader in middle market property-casualty, employee benefits, personal lines, retirement, program and specialty business. USI has been recognized for its innovation by Information Week 500 the last three years and Best's Review January 2014 Innovation Showcase. USI is headquartered in Valhalla, N.Y. and operates out of more than 140 offices across the United States. Additional information about USI may be found at www.usi.biz.

¹ Insurance Journal Top 100 Privately-Held Independent Agencies Ranking 2013

² Insurance Journal Top 50 Privately Held Commercial Lines Leader Ranking 2013 (excludes non standard auto brokers-aggregators)

³ AM Best Top Global (News - Alert) Insurance Brokers Ranking 2013

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