Bank of America Eyes Sale of Commercial Insurance Brokerage Unit

Bank of America said it has retained Banc of America Securities LLC to act as its financial advisor to explore strategic alternatives for its commercial insurance brokerage business, Banc of America Corporate Insurance Agency, LLC.

Banc of America Corporate Insurance Agency, headquartered in Cranford, N.J., and a subsidiary of Bank of America Corp., provides brokerage and consulting services for both property and casualty insurance and employee benefits.

Source: Bank of America
www.bankofamerica.com/