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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 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.