Sitemap 14
Sitemap 15
Sitemap 16
Sitemap 17
Sitemap 18
Sitemap 19
Sitemap 20
Sitemap 21
Sitemap 22
Sitemap 23
Sitemap 24
Sitemap 25
Sitemap 26
Sitemap 27
Sitemap 28
Sitemap 29
Sitemap 30
Sitemap 31

First Horizon Unloads Insurance Division

The parent company of First Tennessee Bank is unloading its First Horizon Insurance Inc. division to Brown & Brown Inc., a move that reflects Memphis-based First Horizon National Corp.’s continued refinement of its focus on regional banking and capital markets.

Brown & Brown is one of the country’s largest insurance intermediaries. First Horizon Insurance is a property and casualty insurance agency that offers risk management services, employee benefits, personal lines and bonding to commercial clients and individuals in 40 states.

The sale is expected to close in the second quarter. The estimated impact to net income available to common shareholders is expected to be about $3 million.

First Horizon, meanwhile, will report first quarter earnings later this month, as well as host the company’s annual meeting of shareholders.

Dansette

google