People’s United Merges Its Insurance Agencies

December 28, 2010

Connecticut-based People’s United Bank said it will combine all of its insurance agencies into a single business entity — People’s United Insurance Agency — that will be headed by one management team.

The combination of R.C. Knox, Beardsley Brown and Bassett, Chittenden Insurance Group and Bank of Smithtown Insurance Agents and Brokers, Inc. is effective Jan. 1.

Daniel F. Casey, former president and CEO of Chittenden Insurance Group, will serve as president and CEO of People’s United Insurance Agency. Casey joined Chittenden in 1982, and is oversee all aspects of the People’s United Insurance Agency’s eight offices throughout New England and New York.

Brian Loveless will serve as chief financial officer of People’s United Insurance Agency. He formerly served as bank finance officer for Chittenden Bank, which was acquired by People’s United in 2008. Prior to joining People’s United, Loveless was a senior vice president at National City Corp. in that bank’s institutional asset management area.

Mike Collier, formerly vice president for commercial insurance with R.C. Knox, will become chief operating officer for Southern New England for the People’s United Insurance Agency.

Brian Courcy, currently senior vice president and programs manager for the Chittenden Insurance Group, will become chief operating officer for Northern New England.

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Source: People’s United Bank

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