USI Insurance Services (USI), a US insurance brokerage company, has completed the acquisition of Webb & Greer Insurance Agency, based in Tempe, Arizona, for an undisclosed sum.
Established in 1995, Webb & Greer offers tailored, value-added commercial property and liability insurance programs in the Phoenix metropolitan area and across the US.
USI believes that the integration of the existing USI Phoenix office with Webb & Greer will enable the company to enhance its footprint as one of the largest middle-market insurance brokerage firms in the Greater Phoenix metropolitan area.
USI West regional CEO Thomas "Thom" R. Lewis said, "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."
Webb & Greer former CEO Craig Webb commented, "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."
USI, which has over 4,000 dedicated, experienced and innovative professionals, offers various types of middle market property-casualty, employee benefits, personal lines, retirement, program and specialty products and services in the country.
Headquartered in Valhalla, New York, USI operates out of more than 140 offices throughout the US.
Image: USI Insurance Services complete takeover of Webb & Greer. Photo: courtesy of Chaiwat/FreeDigital Photos.net.