USI Insurance Services Acquires Pennsylvania’s Beneficial Insurance Services

USI Insurance Services (USI), a provider of insurance brokerage and risk management services, has acquired Philadelphia, Penn.-based Beneficial Insurance Services, a wholly owned subsidiary of Beneficial Bancorp Inc.

Founded in 2005, the insurance brokerage provides commercial property and casualty, personal risk and employee benefit products to clients in the Mid-Atlantic region. Terms of the transaction were not disclosed.

Headquartered in Valhalla, N.Y., USI delivers property and casualty, employee benefits, personal risk and retirement services to large risk management clients, middle market companies, smaller firms and individuals.

Source: USI Insurance Services