Commerce Banc Insurance Services, a wholly owned subsidiary of Commerce Bancorp, In., is opening a new insurance brokerage and consulting office in center city Philadelphia in June.
The new facility, located at One Commerce Square (2005 Market Street), will house more than 50 insurance professionals and consultants who will serve large commercial and employee benefits insurance customers, according to the company.
“Our market expansion has traditionally followed the bank’s footprint. Commerce’s strong presence in Southeastern Pennsylvania, particularly the Philadelphia region, warranted an expansion commensurate with the needs of businesses we serve in that market,” said Michael Tiagwad, president, Commerce Banc Insurance Services.
The agency reported reaching $1 billion in premiums written in 2006.
Commerce Banc Insurance Services’ network currently comprises 13 office locations throughout the Mid-Atlantic region.
Source: CBIS
www.commerceonline.com
Was this article valuable?
Here are more articles you may enjoy.
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
