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CT-Based People's United Bank Merges Insurance Agencies

Source: The Hartford Courant

Posted on 28 Dec 2010

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Brideport-based People's United Bank will merge its insurance agencies into a single business -- People's United Insurance Agency -- that will be headed by the former CEO of its Chittenden Insurance Group.

The move -- set to take effect Jan. 1 -- combines Chittenden with R.C. Knox, Beardsley Brown and Bassett and Bank of Smithtown Insurance Agents and Brokers Inc.

Daniel F. Casey will serve as president and CEO of People's United Insurance Agency. He most recently served as president and CEO of Chittenden Insurance Group. Casey joined Chittenden in 1982, and now head People's United Insurance Agency's eight offices in New England and New York.
People's announced several other executive appointment for the newly combined unit.

Brian Loveless will serve as chief financial officer of People's United Insurance Agency. Loveless served previously as bank finance officer for Chittenden Bank, which was acquired by People's United two years ago.

Mike Collier will serve as chief operating officer for Southern New England for the People's United Insurance Agency. He most recently served as vice president for commercial insurance with R.C. Knox.

Brian Courcy will serve as become chief operating officer for Northern New England. He currently serves as senior vice president and programs manager at Chittenden Insurance Group.

Commenting on the new business, CEO Casey said the agency's "new structure provides consistency and focus for employees within our companies" and "allow us to gain operational efficiencies as we continue to grow our profitable business."