United California Bank (UCB) announced plans to expand its capability to provide high quality, affordable insurance protection to its retail and small business customers through a strategic alliance with Aon Corporation.
UCB has already been offering life and annuity policies for a number of years. Through this new alliance, UCB customers will continue to be able to access these quality life and annuity policies through the bank, but will also have access to a broad range of other personal coverages, business insurance and benefits consulting assistance through Aon’s broad resources.
When the products become available, individuals will be able to obtain insurance products such as home and condominium owner or renters’ insurance, personal contents and earthquake coverage, as well as auto, motorcycle, RV, mobile home and boat coverage and liability umbrellas.
Small business customers will be able to take advantage of small business owner policies, multi-peril packages, commercial auto, workers’ compensation, professional liability, excess liability, and monoline property coverage.
Howard Gould, Vice Chairman for United California Bank’s Community & Retail Banking Group, said UCB’s alliance with Aon is significant in today’s competitive insurance market.
UCB said it selected Aon based on its financial strength and size, broad array of retail and commercial insurance product offerings, and its track record in innovative insurance marketing, comprehensive outsourcing solutions and quality service.
United California Bank, with approximately $11 billion in assets, is the third-largest bank headquartered in California and provides a full range of personal, business, international and trust services through a network of 115 branches statewide. United California Bank is a UFJ Group company, one of the largest financial institutions in the world.
Aon Corporation is a holding company that is comprised of a family of risk services, insurance brokerage, consulting and insurance underwriting subsidiaries. Aon’s common stock is listed on the New York, Chicago, Frankfurt and London stock exchanges.
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