NEW YORK - Chemical Bank said it plans to sell insurance to its customers nationwide through Chemical Insurance Agency Inc., a recently-formed subsidiary of Chemical Bank Delaware.
The bank said it would offer a full portfolio of life and health, property and casualty, and credit-related insurance products from multiple carriers.
The new unit is expected to offer a limited number of products immediately, with a full line to be introduced next year.
Chemical said Conseco Inc., an Indiana-based insurance supplier, will help distribute the products.
Dennis Kosovac, a Chemical executive, was named president and CEO of the newly-formed subsidiary.