BUFFALO, N.Y. — The insurance agency First Niagara Risk Management is now officially a subsidiary of KeyBank, operating under the name Key Insurance & Benefits Services, Inc. (KIB).
“We’re excited to take the final step toward joining KeyBank as part of [KeyCorp’s] acquisition of First Niagara Financial Group,” Kirk Jensen, KIB’s managing director and senior executive, said in a news release issued Monday.
KeyCorp (NYSE: KEY) completed its $4 billion acquisition of First Niagara on July 29, creating the 13th largest U.S.–based bank.
(Sponsored)
The New Rule for Independent Contractors – Are You Ready?
Effective March 11, 2024, the US Department of Labor will change the analysis it uses to determine whether an individual is an employee or independent contractor under the Fair Labor
Timekeeping Trap: Be Careful When “Rounding” an Employee’s Work Time
The Fair Labor Standards Act (FLSA) regulations do not require an employer to track and pay an employee for the exact number of minutes they actually work. As currently written,
Key Insurance & Benefits Services offers commercial insurance, captive insurance, employee benefits, personal insurance, and third-party administration services. It has more than 350 employees in seven offices across New York, Pennsylvania, and Connecticut.
Contact The Business Journal News Network at news@cnybj.com
