Regions Insurance Group Expands to Memphis

Regions Insurance Group has established a presence in Memphis, Tennessee, a city rich in history and culture. The company's expansion into the Memphis market marks a significant milestone in its growth.

With a strong presence in the Southeast, Regions Insurance Group is well-positioned to serve the insurance needs of individuals and businesses in the Memphis area. The company's local expertise and industry knowledge will enable it to provide tailored solutions to clients.

Regions Insurance Group's expansion into Memphis is a testament to the company's commitment to growth and customer satisfaction.

Regions Insurance Group is a leading insurance broker serving over 60,000 clients across the Southeast, Texas, and Indiana.

It offers a range of insurance products, including property and casualty and employee benefits products, to businesses through a retail network of insurance professionals.

This acquisition adds incremental balance to BB&T's insurance business between its wholesale and retail insurance channels.

Following this acquisition, BB&T Insurance's retail network will contribute almost half of its insurance brokerage revenue.

The transaction is expected to close in the third quarter of 2018, subject to satisfaction of customary closing conditions.

Terms of the transaction were not disclosed.

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David L. "Casey" Bowlin is the new president and CEO of Regions Insurance Group, a position he took on after joining the company from his previous role as president and CEO of Retail Operations of Summit Global Partners Inc.

Bowlin brings with him a wealth of experience, having previously held positions such as president of E. H. Crump and Co., chairman and CEO of Sedgwick Global Ltd, and managing director of Marsh Inc.

He's a Memphis native, which is fitting given that Regions Insurance Group is headquartered in Memphis, Tennessee, along with Regions Mortgage and Morgan Keegan Company Inc.

Bowlin's first priority after joining Regions was to visit each of the company's insurance offices and speak to associates about his vision for the company's future.

As he begins his new role, Bowlin plans to generate organic revenue growth from existing offices as well as pursue a disciplined acquisition strategy.

Regions Insurance Group employs around 500 associates operating from 24 offices in five states.

Bowlin holds the Chartered Property Casualty Underwriter (CPCU) designation and was formerly an underwriting member at Lloyd's of London.

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Regions Insurance Group has been acquired by BB&T Insurance Holdings, Inc. This acquisition is a significant move for BB&T's insurance business.

Regions Insurance Group is a leading insurance broker serving over 60,000 clients across the Southeast, Texas, and Indiana. It offers a range of insurance products, including property and casualty and employee benefits.

The acquisition is expected to close in the third quarter of 2018, subject to customary closing conditions.