In the beginning of 2013 some insurance companies of the USA made big mergers. As reported news.yahoo.com, US Insurance Source and Springtree Group have announced about the acquisition of two Houston insurance agencies. US Insurance Source is a big, strong, stable, reliable, proven in the insurance sector.
Our success has been a result of our strong focus on the product lines and the growth models we utilize. We have been relentless in marketing and client development, which are the drivers behind our performance,
said Walton, director of US Insurance Source. Springtree Group is engaged in support and consulting of insurance firms components of the insurance community. First of the absorbed companies is Alden Enterprise handle with workers compensation. Second of them was Budget Insurance focused on insurance in area of construction, transportation and building. This acquisition was third for US Insurance Source. It helps the company to expend the sphere of influence, to increase the client base and to give precedence for operations. For clients it is a good news too because US Insurance Source is global insurance company and as a consequence of this they can feel more confidence in tomorrow, use the service at the highest level, have benefit from new products. Moreover, it is convenient to be client of US Insurance Source as divisions of the firm are spread all over the world.Accordingly to businesswire.com, USI insurance Services have announced about the acquisition of Pediatrics Insurance Consultants. Pediatrics Insurance Consultants provided insurance to the American Academy of Pediatrics for 35 years including life, disability, dental, group accidental death and dismemberment insurance. Now this company will become a component of USI Affinity. It is a part of USI Insurance Services and carries out activity in the sector of life-health, disability, property and casualty insurance programs.
The Pediatrics Insurance Consultants and USI Affinity teams have a shared culture of world class customer service combined with product and marketing innovation for our respective customers,
said Douglas W. Kreitzberg, USI Affinity CEO. From the above news it is clear that insurance business in the USA fully transferred to the hands of large companies. Is it good or not we will know in the future.