San Francisco Bay Area Insurance Agency of MassMutual Financial Group Adds Fifth Office; Expands Into Milpitas

<p>Business Editors/Insurance Writers</p> <p>WALNUT CREEK, Calif.--(BUSINESS WIRE)--December 11, 2008--The San Francisco Bay Area Insurance Agency LLC, a Massachusetts Mutual Life Insurance Company (MassMutual) General Agency, announced that its new Milpitas office is officially open. Headed by Rebecca Ye, the new office is located at 890 Hillview Court, Suite 100. The grand opening reception is December 18, from 1PM to 5PM.</p> <p>The office is the fifth for the Agency, which has headquarters in Walnut Creek and one office each in Fremont, San Francisco and Roseville. The Fremont office moved into larger quarters in June.</p> <p>Ye, who was born in China, will be joined by other advisors to deliver financial services to the multi-lingual community in Milpitas. “With a large and diverse local Asian population which is rich in culture along with a concentration of major high-tech businesses, our team is well-suited to work effectively with clients to help them weather these tough economic times,” said Ye.</p> <p>“Despite the difficult financial situation, our Agency has been able to grow continually since 2001 – going from one office to five and going from 30 agents in Walnut Creek to over 100,” said Robert Fakhimi, CEO, San Francisco Bay Area Insurance Agency. “We are seeing that our clients are still very interested in getting assistance and support from professionals, and it is even more important today. Together with the help of our parent company, The MassMutual Financial Group, we plan on building a very strong and vital financial services firm in the area for many years to come.”</p> <p>The Milpitas office is located at 890 Hillview Court, Ste 100. Rebecca Ye is available for more information at 408-935-9313.</p> <p><em>About the San Francisco Bay Area Insurance Agency LLC</em></p> <p>Founded in 1891, San Francisco Bay Area Insurance Agency LLC is a significant contributor to the local economy, as shown by the following figures about the San Francisco Bay Area Insurance Agency (as of December 31, 2007):</p> <p><br> More than 36,000 policyholders and clients;<br> Managing over $1 billion in assets (including assets and certain external investment funds managed by MassMutual and its subsidiaries)<br> More than $3.8 billion in life insurance face amount in force</p> <p>Robert Fakhimi is CEO and Managing Partner of the San Francisco Bay Area Insurance Agency LLC. Mr. Fakhimi can be reached at 888-803-3631, ext. 320 or by e-mailing him at [email protected]. Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, Inc. 2121 N. California Boulevard, Suite 395. Walnut Creek, CA 94596, (925) 979-2300.</p> <p><em>About MassMutual Financial Group</em></p> <p>MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual and its subsidiaries had more than $500 billion in assets under management at year-end 2007. Assets under management include assets and certain external investment funds managed by MassMutual's subsidiaries.</p> <p>Founded in 1851, MassMutual is a mutually owned financial protection, accumulation and income management company headquartered in Springfield, Mass. MassMutual's major affiliates include: OppenheimerFunds, Inc.; Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; MML Investors Services, Inc., member FINRA and SIPC (www.finra.org and www.sipc.org); MassMutual International LLC and The MassMutual Trust Company, FSB. MassMutual is on the Internet at www.massmutual.com.</p>