USI Insurance Services Announces the Closing of the Acquisition of CHS Insurance
VALHALLA, NY — USI Insurance Services (“USI”) announced the closing of the acquisition of CHS Insurance, formerly part of CHS Inc. CHS Insurance is one of the nation’s largest agribusiness insurance brokers and a leading insurance provider of agriculture cooperatives in the United States. It has provided insurance and risk management solutions to agribusiness, food processing, petroleum and agricultural cooperatives for 80 years. Terms of the transaction were not disclosed.
Michael J. Sicard, chairman and CEO, USI, said: “CHS Insurance is recognized as a leader in agribusiness insurance, with a strong dedication to understanding clients’ risks and helping businesses grow. We have a shared culture and common core values, including a networked team approach to bringing exceptional service and expertise to each of our clients. We call it the USI ONE Advantage®, a unique platform to deliver clients an innovative and better set of risk management and employee benefit solutions with bottom line financial impact. We are excited to welcome the CHS Insurance team to USI. Together we will further invest and expand in serving the needs of agribusiness and communities across the United States.”
Bryan Lewis, president, CHS Insurance, said: “For eight decades we have been providing our clients with insurance and risk management solutions tailored to the agricultural industry. Teaming with USI will allow us to bring clients additional products and services to protect their businesses and employees. We look forward to joining an industry-leader known for their best-in-class solutions including proprietary analytics, local and national resources and team-based planning to help our clients navigate the future.”