Overview of Transaction

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• Regency Insurance Brokerage Services (“Regency”) is a family owned and operated P&C Wholesale insurance brokerage and managing general agent (MGA) founded in 1986 out of Florida by Stephen Riemer, with additional offices in New York, New Jersey and South Carolina.

• Regency offers several niche underwriting departments including Binding Authority, Habitational, Transportation and Large Property.

• Regency agreed to be acquired by USI, a unique industry leader.

 

Significance of Transaction

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• The Regency acquisition strengthens USI’s footprint on the east coast.

• USI has served over 150,000 clients meeting their property & casualty, employee benefit, personal risk and retirement needs nationwide and has over 200 offices throughout the country.

• This deal gives USI a strategic competitive advantage, bringing in a best-in-class, specialist wholesaler into its network. 

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Sica | Fletcher's Role

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• Regency engaged Sica | Fletcher to serve as exclusive financial advisor and explore multiple strategic options for the firm.

• The Regency deal adds to Sica | Fletcher's history of success in the Commercial & Personal lines space.

• This transaction further highlights Sica | Fletcher’s strong relationships with top-tier investors, having worked with USI on numerous deals.