Commerce Banc Insurance Services, a subsidiary of Commerce Bancorp, named Thomas Nolan, a senior vice president.
The Cherry Hill company announced Tuesday that Mr. Nolan will direct the insurance brokerage and consulting services offered to Commerce’s large customers, with a focus on construction businesses.
Mr. Nolan was a vice president and account management for the Graham Company, a Philadelphia-based insurance brokerage firm.
Commerce Banc Insurance Services, which was launched in 1996, had an annual premium volume of $1 billion last year and a network of 13 offices. It offers a range of commercial property and casualty, employee benefits, and personal insurance coverage to more than 130,000 clients in all 50 states.
Commerce Bancorp, had $43.3 billion in assets as of Sept. 30.
