BUFFALO, N.Y., Dec. 19, 2016 /PRNewswire/ -- First Niagara
Risk Management, a nationally known insurance agency, is now a
subsidiary of KeyBank, operating under the name Key Insurance &
Benefits Services, Inc. (KIB).
"We're excited to take the final step toward joining KeyBank as
part of Key's acquisition of First Niagara Financial Group," said
Kirk Jensen, KIB managing director
and senior executive. The acquisition was completed July 29, 2016, creating the 13th
largest US-based bank.
"While we've changed our name, our dedication to our clients
remains the same. We're still evaluating all the ways we can tap
KeyBank's resources to do even more for our clients. We anticipate
being able to provide similar exceptional client service to KeyBank
clients.
"KeyBank is a nationally known bank with deep roots in
Western New York and deep
enthusiasm for connecting with clients in markets that are new to
Key. Joining KeyBank gives us a strong foundation for growth,"
Jensen said.
KIB offers businesses solutions to protect commercial clients'
resources and assets as well as means to protect their employees'
health and welfare. KIB also offers personal insurance to
protect what they value, including homes, automobiles and other
valuable assets.
KIB is one of the largest providers of risk financing, employee
benefits and risk reduction services in the Northeast, with more
than 350 team members in seven offices throughout New York, Pennsylvania and Connecticut. Reagan Consulting in August 2016 named the agency a "best practices"
agency, an honor given to the top 1 percent of insurance
agencies/brokers in the United
States.
"Kirk's team is respected industry-wide for their client
service, particularly their innovative work helping commercial
clients identify, manage and mitigate risk," said Terry Jenkins, who oversees KIB as Key Private
Bank president. "I'm very impressed with this team's depth and
breadth of experience. I am confident our clients will reap
immediate benefits as KeyBank and KIB work together to provide
solutions that make the most of clients' heir business and personal
opportunities."
About KeyCorp
KeyCorp's (NYSE: KEY) roots trace back 190 years to Albany, New York. Headquartered in
Cleveland, Ohio, Key is one of the
nation's largest bank-based financial services companies, with
assets of approximately $136 billion
at September 30, 2016. Key provides
deposit, lending, cash management, insurance, and investment
services to individuals and businesses in 15 states under the name
KeyBank National Association through a network of more than 1,200
branches and more than 1,500 ATMs. Key also provides a broad range
of sophisticated corporate and investment banking products, such as
merger and acquisition advice, public and private debt and equity,
syndications and derivatives to middle market companies in selected
industries throughout the United
States under the KeyBanc Capital Markets trade name. For
more information, visit https://www.key.com/. KeyBank is Member
FDIC.
About KIB
Key Insurance & Benefits Services, Inc. offers commercial
insurance, captive insurance, employee benefits, personal insurance
and third-party administration services. KIB professionals
partner with clients to create customized risk solutions that
reduce loss and financial risk and improve clients' bottom line.
KIB operates in seven offices in Connecticut, New
York and Pennsylvania.
Insurance services, benefits consulting services and insurance
products are offered through Key Insurance & Benefits Services,
Inc. ("KIB"), which is a licensed insurance broker and agent.
Insurance policies are obligations of the insurers that issue the
policies. Insurance products may not be available in all states.
KIB and KeyBank are separate entities, and when you purchase risk
management services, business consulting services or insurance
products you are doing business with KIB, and not KeyBank.
Insurance Products offered are: Not FDIC-insured; not a deposit
in, obligation of, nor insured by any federal government agency;
not guaranteed or underwritten by the bank; not a condition to the
provisions or terms of any banking service or activity.
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SOURCE KeyBank