Toronto Dominion Bank (TD) has made a decision to sell their U.S. insurance business to USI Insurance Services.
The Briarcliff Manor, N.Y.-based distributor of employee benefits and property and casualty insurance expects the acquisition to boost revenues by $58.2 million a year.
TD Insurance Inc., the wholly-owned U.S. subsidiary of TD Bank, is a major player in the bank-owned insurance business in the U.S. The company offers a range of employee benefits products and services.
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