People’s United Brings All Of Its Insurance Agencies Together Under One Corporate Entity, People’s United Insurance Agency; Daniel F. Casey Appointed President And Chief Executive Officer

 

December 28, 2010 - BRIDGEPORT, CT –  As People’s United Bank continues to position itself for growth, it is aligning all of its insurance agencies under one corporate entity:  People’s United Insurance Agency.  As a result, effective January 1, 2011, R.C. Knox, Beardsley Brown and Bassett, Chittenden Insurance Group and Bank of Smithtown Insurance Agents and Brokers, Inc. will become units within the People’s United Insurance Agency and will be led by a single management team.

Daniel F. Casey, former President and CEO of Chittenden Insurance Group, will become President and CEO of People’s United Insurance Agency.

“Our new structure provides consistency and focus for employees within our companies,” Casey said.  “Additionally, consolidation under one management team will allow us to gain operational efficiencies as we continue to grow our profitable business.”

Casey joined Chittenden in 1982, and is now responsible for all aspects of the People’s United Insurance Agency’s eight offices throughout New England and New York. With 30 years of experience in the insurance business, he has served at both the regional and national level on executive advisory boards for many of the nation’s top insurers. He graduated with a bachelor’s degree in Business Administration from St. Michael’s College in Vermont, and earned his Certified Insurance Counselor designation in 1984.

Brian Loveless will be the Chief Financial Officer of People’s United Insurance Agency.  Loveless was formerly 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 Corporation in that bank’s Institutional Asset Management area. 

Additionally, 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.

People’s United Bank is a subsidiary of People's United Financial, Inc., a diversified financial services company with approximately $25 billion in assets. Peoples United Bank, founded in 1842, provides consumer, commercial and wealth management services through nearly 340 branches in Connecticut, Vermont, New Hampshire, Massachusetts, Maine and in Westchester County and Long Island, New York. Through additional subsidiaries, People's United provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.

Brent DiGiorgio
Corporate Communications
203.338.3135
Fax: 203.338.3461
brent.digiorgio@peoples.com