"At a time when there are lots of fears and questions on the potential protectionism and border adjustment tax," Lescure said, "being exposed to small and medium companies is a safer way of exposing yourself to the U.S. economy." Valhalla, New York-based USI had net debt of about $1.82 billion as of Dec. 31 and generated 2016 earnings of $353 million before interest, taxes, depreciation and amortization.
The deal is the latest in a string of mergers in the insurance market, which has not grown quickly enough to support the smaller brokerages. The Valhalla, New York-based company had net debt of about $1.82-billion as of December 31 and generated earnings before interest, taxes, depreciation and amortization of $353-million in 2016.
... a string of mergers in the insurance market, which has not grown quickly enough to support the smaller brokerages. Valhalla, New York-based USI had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, ...
... a string of mergers in the insurance market, which has not grown quickly enough to support the smaller brokerages. Valhalla, New York-based USI had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, ...
... USI and Onex did not respond to requests for comment, while Bank of America declined to comment. Based in Valhalla, New York, USI delivers property and casualty, employee benefits, personal risk and retirement solutions. It generates more than $1 ...