Regions Financial Corp., a Birmingham, Ala., banking company, has announced the hiring of David L. Bowlin to be president and chief executive officer of its newly created Regions Insurance Group Inc.
Mr. Bowlin is to be responsible for setting and executing insurance strategy, the company said Wednesday.
With annual premiums of roughly $800 million, Memphis-based Regions Insurance Group said it ranks as the 10th-largest bank-owned insurance agency in the country.
Mr. Bowlin joined Regions from his most recent post as president and chief executive officer of retail operations at Dallas-based Summit Global Partners Inc., whose purchase by USI Holdings Corp. is pending. Regions Financial is a full-service provider of retail and commercial banking, securities brokerage, mortgages, and insurance products and services. It has about $84.1 billion of assets.
