BROOKFIELD, Wis. – Fiserv continues its acquisitive ways. It has announced plans to acquire NCSI, a flood insurance firm. Terms of the deal were not disclosed. Fiserv has historically been active in the insurance arena. Fiserv President/CEO Les Muma said NCSI will enhance its P&C and flood insurance offerings Located in Rockville, Maryland, NCSI is expected to have $50 million in revenue this year. It employs 150. Fiserv has also acquired Minneapolis-based Trewit Inc. and its subsidiaries, Benesight and Harrington Benefit Services, Inc., both of which are third-party administrators of health care benefits administration services. The 2001 revenues from this business are projected to be approximately $140 million. Terms of the agreement were not disclosed.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.