First Foundation in Irvine, Calif., has launched a division to offer property and casualty insurance brokerage services.
The $1.5 billion-asset company said in a press release Monday that it had hired Tony McIntosh as a managing director in charge of the operation. McIntosh will also integrate the insurance offerings into the company's existing banking, wealth management and trust services.
First Foundation also said it had reached agreements with multiple insurance carriers to design customized risk-management solutions for clients.
"The property and casualty insurance offering enhances an important element of our comprehensive financial platform and gives us an opportunity to serve our clients in new ways," said Scott Kavanaugh, the company's chief executive, said in the release.
McIntosh previously served as a marketing director and client executive at Barney and Barney, a unit of Marsh & McLennan. He has worked in property and casualty insurance for more than 12 years.
McIntosh is First Foundation's second key appointment this month. The company recently hired David DePillo, a former executive at Umpqua Bank and Sterling Financial, as president of First Foundation Bank.