CHARLOTTE, N.C., Aug. 13 /PRNewswire-FirstCall/ -- Wachovia Insurance
Services announced today that Luther Lockwood has been named managing
principal for Wachau Insurance Services Inc., the new name for the former
Barry, Evans, Josephs and Snipes (BEJS).
"We are excited about the Wachau name and that the group will be led by
Luther Lockwood," said Jon Curley, managing director of Wachovia Insurance
Services' Life and Personal Insurance Marketing Group.
Wachau Insurance Services is a unit of Wachovia Insurance Services and
an affiliate of M Financial Group. The group is named for the Wachau, a
segment of the Danube Valley in Austria from which the name Wachovia
originates. Wachovia Insurance Services recently sold the BEJS name to a
former principal of that company.
"The cross-selling opportunities created by leveraging the strength of
the Wachovia brand are tremendous," said Lockwood. "Clients will see no
change in our day-to-day operations and can expect the same world-class
customer service they have received with Wachovia."
Lockwood joined Wachovia in 1999 as a part of the acquisition of BEJS,
where he was a principal with the firm. In his new role, he will be
responsible for the design, implementation and administration of unique,
large scale wealth transfer plans for high net worth individuals and
executive benefit plans for Wachovia's corporate customers on a national
basis. Lockwood will also join the operating committee of the life
insurance marketing group.
A graduate of the University of Georgia's Risk Management and Insurance
program, Lockwood is an industry leader and has three professional
designations. He is chairman of the Business Insurance and Estate Planning
Committee of the Association of Advanced Life Underwriters, the nation's
premier advocacy organization for sophisticated life insurance
professionals.
Lockwood is also the immediate past president of the Charlotte Estate
Planning Council and past president of the Charlotte Chapter of the Society
of CLUs and ChFCs. In the community he has been actively involved in the
McColl-Lockwood Lab for Muscular Dystrophy Research at Carolinas Medical
Center and as past chairman of the Charlotte Ethics in Business Award.
About Wachovia Insurance Services
Wachovia Insurance Services Inc., a part of Wachovia Corporation, is a
top 15 insurance broker in the United States with annual revenues in excess
of $400 million and annual premium placements exceeding $4 billion.
Recognized as one of the insurance industry's leading firms, Wachovia
Insurance Services and its affiliates employ more than 1,300 insurance
professionals in 35 offices in 16 states and the District of Columbia.
Wachovia Insurance Services Inc., the third largest bank-owned insurance
brokerage operation in the nation, provides property-casualty insurance
brokerage services, risk management consulting, employee benefits
consulting, life insurance, and executive benefits to clients on a
nationwide basis.
SOURCE Wachovia Corporation
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Related links:
http://www.wachovia.com
CONTACT:
Vince Scanlon, +1-336-732-6387, or Damon
Ford, +1-704-383-0092, both for Wachovia Corporation
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