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All Content Copyright 2019 - Sica | Fletcher LLC | 21 Green Avenue | Amityville, NY 11701

USI Acquires Regency Insurance Brokerage Services

Sica | Fletcher guides Regency Insurance in its sale to New York-based USI Insurance Services.

Overview of Transaction

  • 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

  • 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. 

Sica | Fletchers' Role

  • 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.