Regions Insurance, an affiliate of Regions Bank, has opened an office in St. Petersburg, Florida after agreeing to purchase the accounts of Teaberry Health and Welfare Benefits Practice.
Financial terms of the agreement were not disclosed.
The office was established as John Pickard and team, previously of Teaberry Health and Welfare Benefits Practice in St. Petersburg, officially joined Regions Insurance. Pickard established the Teaberry office in 2008, having previously served as managing director for the Tampa office of a national broker since 2001.
Pickard, a 25-year insurance veteran, will serve as CEO of Regions Insurance of Florida and plans to oversee future expansion within the state. He will also continue to lead the St. Petersburg team, which specializes in employee benefits.
Regions Insurance has offices throughout the Southeast, Texas, and Indiana. In addition to employee benefits services, Regions Insurance also provides business insurance and individual insurance options. It has been expanding in in 2014 with new offices in Dallas, Texas; New Orleans, La.; and Athens, Ga. Regions Insurance has also expanded its employee benefits practices in Memphis, Tenn.; Jackson, Miss. and Nashville, Tenn.
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