US-based insurance broker and consulting firm USI Insurance Services (USI) has snapped up Benefits 7 for an undisclosed sum.
The acquired firm, which is based in Vincennes, Indiana, offers employee benefits brokerage and advisory services.
According to Benefits 7’s website, the firm offers employee benefits advisory services to over 100 clients in the tri-state area.
It also serves as the broker and advisor for employer group health plans along with vision, dental, life and disability products.
Furthermore, Benefits 7 designs and implements insurance trusts, and is the founding broker of The Clinic Connection, an initiative to provide on-site or near-site wellness clinics.
USI regional CEO Thomas Cassady stated: “We are thrilled to welcome the talented professionals from Benefits 7 to the USI family. Together, we look forward to building on their strong reputation and delivering an unmatched level of service and expertise for our current and future clients throughout Indiana and the Midwest region.”
Benefits 7 partner Guy Henry said: “Since our company’s founding in 1987, Benefits 7 has grown to become one of the leading employee benefit advisory firms in Indiana.
“By joining forces with USI, one of the world’s largest insurance brokerage and consulting firms, our clients will benefit from USI’s ONE Advantage platform, offering detailed analytics and exceptional insights aimed at enhancing benefits, improving employee health and reducing costs.”
In September 2021, USI bought Reynolds & Reynolds to expand its footprint and expertise.