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Safeco Corp. has announced that its wholly-owned subsidiary, Safeco Select Insurance Services here, has changed its name to Safeco Financial Institutions Solutions to reflect a broader array of property and casualty insurance products and services that it now offers.
Last fall, Safeco acquired Ace USA's Financial Institutions Specialists division, bringing $80 million of additional premium to the company's book of business and making Safeco Financial Institutions Solutions the second largest provider of lender-placed hazard insurance outsourcing and tracking, as well as other property and casualty insurance products and services for financial institutions.
"Our new name makes clear that we are committed to providing the ...