April 26, 2024

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Northwest Bank enters into settlement to market its coverage enterprise | News, Sports, Employment

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Northwest Bank

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Northwest Bank has entered into an agreement to offer its insurance small business, by way of Northwest Insurance policies Companies, to USI Coverage Providers.

“We are pleased to have arrived at a definitive agreement with USI, a single of the premier danger management, employee advantage and retirement consulting corporations in the environment,” Vice President and Communications Supervisor Melanie Clabaugh mentioned.

According to a release through PRNewswire, “USI connects more than 8,000 business-top industry experts from about 200 offices to provide clients’ neighborhood, countrywide and worldwide demands.”

“This transaction, which is anticipated to shut early in the next quarter of 2021, will not effects Northwest Coverage Companies clients’ coverage protection, payment schedules or procedures,” Clabaugh claimed. “And, they’ll go on to get the job done with the exact same gifted insurance policies gurus, who will have accessibility to an expanded set of resources, assets and skills.”

“Together, Northwest and USI will carry a full suite of home and casualty, employee advantages, private danger, plan and retirement options to massive chance administration customers, center marketplace providers, smaller sized corporations and people today in Warren County and other areas throughout the Northwest footprint,” she stated.

USI’s Chairman and CEO, Michael J. Sicard mentioned in the launch, “We seem forward to welcoming the gifted specialists from Northwest Insurance policy Companies to the USI relatives. By partnering collectively as One, we glance forward to growing our experience throughout western Pennsylvania and western New York by means of the USI A single Advantage, an interactive knowledge platform that integrates proprietary analytics, networked means and organization organizing to supply certainly custom-made alternatives with substance fiscal effects to customers.”

Northwest Bank is a subsidiary of Northwest Bancshares, Inc.

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