National insurer First Niagara Risk Management has taken the final steps towards complete assimilation under acquirer KeyBank. It will operate under the name Key Insurance & Benefits Services, Inc. (KIB).
“We are excited to take the finals steps towards joining KeyBank,” said KIB managing director and senior executive Kirk Jensen in a
PR Newswire report.
“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.”
KIB will focus on offering enterprise solutions to provide coverage for resources and assets and employee health and welfare benefits. It will also provide property and car insurance.
“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 to make the most of clients’…business and personal opportunities,” Key Private Bank president Terry Jenkins added in the same report.
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