Capital One Insurance Services, formerly InsLogic, an insurance broker in Oak Ridge, Tenn., plans to triple its work force. Capital One Insurance was acquired in January by Capital One Financial Corp., and wants to hire 150 insurance agents by July. A spokesman said it plans to hire another 150 sales people sometime later.
Thomas Farrell, Capital One Insurance Services president and chief operating o
The mass hiring was motivated by the January acquisition of InsLogic by Capital One Financial, one of the top six U.S. credit card issuers. It also has mortgage lending and auto financing businesses. Capital One Financial posted $10.7 billion in 2004 sales, 2004 profits of $1.5 billion and has more than 17,000 employees.
Capital One sells nearly a dozen lines, including Travelers, Hartford, AIG and Safeco, for autos, homes, boats, motorcycles, recreational vehicles, campers and renters.
Topics Agencies
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