Unionbanc Insurance Services Expands to Pacific Rim

UnionBanc Insurance Services Inc., Fullerton, Calif., is expanding its focus to the Pacific Rim with the addition of Ted Ikuta, who joins the company’s Fullerton office as senior vice president.

Ikuta has more than two decades of specialized insurance and finance experience, having served Fortune 500 companies as well as businesses in Japan, Taiwan and Singapore. He will be responsible for developing new insurance products and services specifically for Pacific Rim clientele. Under Ikuta’s direction, UnionBanc Insurance will work with Tokio Marine & Nichido Fire Insurance Co. Ltd., the biggest property and casualty insurance company in Japan, as well as Nippon Koa Property and Casualty, and Meiji Yasuda Life Insurance Co.

Ikuta joins UnionBanc Insurance Services from EVP Aioi Insurance Co. of America, a subsidiary of Aioi Insurance Co. Ltd., the fourth largest property and casualty insurance company in Japan.

UnionBanc Insurance Services is a subsidiary of Union Bank of California N.A.