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USI Insurance buys North Carolina-based insurance brokerage firm

Published 07 April 2017

USI Insurance Services has acquired Cameron M. Harris & Company, an insurance brokerage company operating in North Carolina.

Based in Charlotte, North Carolina, this prestigious partnering reinforces USI's commitment to becoming the number one middle market insurance brokerage and consulting firm in the Carolinas. Cameron M. Harris & Company and its employees will remain at the current Charlotte location. Terms of the transaction were not disclosed.

Founded in 1979, Cameron M. Harris & Company provides personal and commercial coverage, business services, surety bonding, employee benefits and group products. It was the 58th largest broker of U.S. business in Business Insurance's rankings before being acquired in 2002.

In 2009, Cameron M. Harris resurrected his namesake insurance brokerage firm and by 2016, the Company was listed on the Inc. 5000, and the Charlotte Business Journal named the firm as the ninth fastest growing company.

James W. Dunn, USI Southeast regional chief executive officer, said: "For nearly 40 years, Cameron M. Harris & Company has been the preeminent insurance agency in the Carolinas, guiding its clients with a steady hand and sound insurance advice.

“Cammie and his team's core values align perfectly with the USI ONE Advantage, a game-changing process that delivers to clients a robust set of risk management and benefit solutions with bottom line financial impact.

“This acquisition reinforces our continued investment in the Southeast and our pledge to helping local clients grow their businesses. I am thrilled to have such a respected pool of professionals join our growing family and I welcome Cammie and his team to USI."

Cameron M. Harris, president and founder, Cameron M. Harris & Company, said: "We have always believed that a policy is a promise, that each client deserves superior coverage and service, and that insurance is more than just a transaction.

“Through our partnership with USI, we will continue to deliver on these founding principles, but now our clients will have access to an extended suite of property & casualty, employee benefits, retirement consulting and personal risk solutions afforded by a nationally recognized company.

“Additionally, our clients, colleagues and communities will enjoy best-in-class solutions that are customized through proprietary analytics, local and national resources and team-based planning. This is an exciting and new, chapter for us, and we look forward to collaborating with Jim and his team on growing this strategic marketplace."

Source: Company Press Release