About USI Insurance Services
USI Insurance Services is a company based in Valhalla (United States) founded in 1994 was acquired by KKR in March 2017. It operates as a Brokerage / Intermediation, and Professional Services. USI Insurance Services has raised $16.91 million across 2 funding rounds from investors including Goldman Sachs, KKR and Onex. USI Insurance Services has completed 54 acquisitions, including Accelerated Benefits, Ames-Grenz and Associated Benefits and Risk Consulting. USI Insurance Services offers products and services including Property & Casualty Insurance, Employee Benefits Consulting, and Personal Risk Services.
- Headquarter Valhalla, United States
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Usi Insurance Services
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.91 M (USD)
in 2 rounds
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Latest Funding Round
$32 K (USD), Series B
Nov 09, 2018
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Investors
Goldman Sachs
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Accelerated Benefits
& 53 more
- Acquired by
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Products & Services of USI Insurance Services
USI Insurance Services offers a comprehensive portfolio of products and services, including Property & Casualty Insurance, Employee Benefits Consulting, and Personal Risk Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Commercial insurance programs are offered for cost containment.
Solutions are provided to optimize employee benefit spending.
Customized risk management solutions are offered for individuals.
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Leadership Team
193 people
Software Development Team
89 people
Sales and Marketing
29 people
Commercial Team
26 people
Human Resources and Administration
18 people
Senior Team
16 people
Account Team
16 people
Operations Team
15 people
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Funding Insights of USI Insurance Services
USI Insurance Services has successfully raised a total of $16.91M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $32 thousand completed in November 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $32,000
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First Round
First Round
(23 Feb 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Series B - USI Insurance Services | Valuation |
investors |
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| Feb, 2015 | Amount | Series B - USI Insurance Services | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in USI Insurance Services
USI Insurance Services has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, KKR and Onex. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by USI Insurance Services
USI Insurance Services has strategically engaged in corporate development activities, having acquired 54 companies. Notable acquisitions include Accelerated Benefits, Ames-Grenz and Associated Benefits and Risk Consulting. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of business and personal insurance services
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2022 | ||||
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Diversified insurance brokerage services are offered nationwide.
|
2018 | ||||
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Insurance services are offered by Rogers Insurance Center since 2018.
|
2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - USI Insurance Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Usi Insurance Services Comparisons
Competitors of USI Insurance Services
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Usi Insurance Services
Frequently Asked Questions about USI Insurance Services
When was USI Insurance Services founded?
USI Insurance Services was founded in 1994 and raised its 1st funding round 21 years after it was founded.
Where is USI Insurance Services located?
USI Insurance Services is headquartered in Valhalla, United States. It is registered at Valhalla, New York, United States.
Who is the current CEO of USI Insurance Services?
Mike Sicard is the current CEO of USI Insurance Services.
Is USI Insurance Services a funded company?
USI Insurance Services is a funded company, having raised a total of $16.91M across 2 funding rounds to date. The company's 1st funding round was a Series B of $16.88M, raised on Feb 23, 2015.
What does USI Insurance Services do?
Insurance brokerage and consulting services are delivered by USI Insurance Services. The company operates in the financial sector, focusing on property and casualty insurance, employee benefits consulting, and personal risk management. Solutions are offered across various industries including healthcare, construction, technology, and transportation. Comprehensive programs are developed to contain costs and enhance coverage for businesses. Employee benefits solutions are designed to optimize spend and ensure compliance. Personal risk services are tailored to individual exposures. USI also engages in social responsibility and diversity initiatives to support communities.
What products or services does USI Insurance Services offer?
USI Insurance Services offers Property & Casualty Insurance, Employee Benefits Consulting, and Personal Risk Services.
How many acquisitions has USI Insurance Services made?
USI Insurance Services has made 54 acquisitions, including Accelerated Benefits, Ames-Grenz, and Associated Benefits and Risk Consulting.
Who are USI Insurance Services's investors?
USI Insurance Services has 4 investors. Key investors include Goldman Sachs, KKR, Onex, and Caisse de depot et placement du Quebec.
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