Fort Dearborn Life® and Red Tree Holdings Announce New Distribution Arrangement
CHICAGO, IL – March 14, 2011 – Fort Dearborn Life Insurance Company® and Red Tree Holdings, Inc., effective January 1, 2011, will no longer have an exclusive marketing arrangement through Combined Services LLC, a general insurance agency owned by Red Tree Holdings, Inc. Fort Dearborn Life is a Dearborn National® brand company.
Combined Services LLC had entered into an exclusive long-term contract to offer Fort Dearborn Life's group and voluntary life and disability products in Maine, New Hampshire and Vermont.
"We value the relationship we have forged with Combined Services over the years," said Anthony F. Trani, president and CEO of Dearborn National. "Though we no longer maintain an exclusive distribution arrangement, Combined Services will continue to be part of our strategic efforts to expand our business throughout the Northeast region."
Brian Francis, president and CEO of Combined Services LLC, added, "The new arrangement enables development of new distribution and administrative directions for our team."
About Dearborn National
With more than 40 years of experience, the Dearborn National brand companies offer a broad selection of insurance products, including Group Benefits (employer-paid/voluntary), Worksite and Individual, as well as an array of value-added services. We are licensed in all 50 states, as well as the District of Columbia, the U.S. Virgin Islands, the British Virgin Islands, Guam and Puerto Rico. Our parent company, Health Care Service Corporation, a Mutual Legal Reserve Company, is the largest non-investor owned health care insurance provider in the United States and the fourth largest overall. For more information, please visit www.dearbornnational.com
About Combined Services LLC
Combined Services LLC is a general insurance agency offering a full portfolio of employee benefits insurance products and administrative services throughout Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island and Vermont.
Senior Manager, Corporate Communications