The insurance company has made no effort to shrink or simplify since being designated as systemically important, and regulators should not remove heightened federal oversight until it does.
Associated Banc-Corp has agreed to buy an insurance broker in Milwaukee after unveiling agreements to buy a community bank last summer and a Chicagoland wealth management firm in the fall.
The San Francisco bank will immediately begin winding down its marketing of personal insurance products and plans to exit the business for good during the first quarter of next year.
The Cincinnati company has agreed to acquire Epic Insurance Solutions in Louisville, Ky., as it continues to build out its fee-based lines of business.
