Bank of America to Explore Strategic Alternatives for Insurance Brokerage

Commercial Insurance is focus of Banc of America Corporate Insurance Agency, LLC

Source: CHARLOTTE, N.C., May 16 /PRNewswire/ -- | Published on May 16, 2007

Bank of America today announced it has retained Banc of America Securities LLC to act as its financial advisor to explore strategic alternatives for its commercial insurance brokerage business, Banc of America Corporate Insurance Agency, LLC.

Banc of America Corporate Insurance Agency, headquartered in Cranford, N.J., and a subsidiary of Bank of America Corporation, provides brokerage and consulting services for both property and casualty insurance and employee benefits.