BISYS Acquires USA Ins, Expanding Its P/C Field

BISYS, a provider of business process outsourcing solutions for the financial services sector, yesterday announced its acquisition of Florida-based USA Insurance Group, a managing general agency (MGA) serving the commercial property and casualty (P&C) insurance marketplace. This acquisition complements BISYS' March 2003 acquisition of California- based Tri-City Brokerage, which marked BISYS' strategic entrance into the commercial P&C marketplace and positioned it as the nation's third largest independent wholesale broker of commercial P&C insurance. The acqu...