First Niagara Bank's insurance subsidiary has a new name.
First Niagara Risk Management has converted to Key Insurance Benefits and Services, as a subsidiary of KeyBank. First Niagara Bank was acquired by Key last summer.
The agency has 350 employees in seven offices in New York State, Pennsylvania and Connecticut. Key has identified insurance as one of the First Niagara businesses the bank intends to build on, across its much broader territory.
"Joining KeyBank gives us a strong foundation for growth," said Kirk Jensen, the agency's managing director and senior executive, in a statement.