WASHINGTON - ABN Amro North America is merging its insurance and broker-dealer entities to create a financial subsidiary, according to Richard Starr, its director of strategic insurance initiatives.

The unit, expected to begin operations by midsummer, is to offer variable annuities, life insurance, and personal property and casualty lines such as auto and homeowners insurance. The company already offers these products in Illinois, Indiana, Michigan, and New York via a call center.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.