Captive Review has named Comerica Bank as the winner of the 2019 U.S. Captive Review Banking Specialist Award.
Captive Review annually recognizes and honors providers of captive insurance products and services who have outperformed their competitors and demonstrated the highest levels of excellence over the past 12 months. The banking specialist category evaluates collateral providers offering letter of credit, trusts and other collateral support products, with a focus on client growth and retention resulting in in greater customer satisfaction.
“This is quite an honor, and we appreciate the recognition bestowed by Captive Review and the esteemed panel of judges,” said Martin Ellis, Comerica Bank senior vice president and captive insurance banking group manager. “Each day we strive to not only meet the needs of our clients, but to build lasting relationships that deliver the best options for our customers driven by our team-based approach.”
Comerica has now earned earned similar awards by Captive Review in four of the past six years. In 2014, 2015 and 2017, Comerica was named collateral service provider of the year, and reached finalist status in 2016 and 2018. This year, Captive Review remodeled categories to enhance prestige for each winning firm, individual or partnership.
Among its competitors, Comerica claimed top honors in the banking specialist category over finalists Wells Fargo and Wilmington Trust.
“Our dedicated captive insurance team, banking specialists and relationship managers constantly seek ways to improve our services and remain at the forefront of industry developments through product offerings, trusted advisory services and the integration of new technologies,” Ellis continued.
Client testimonials submitted illustrated the bank’s understanding and expertise involved in the complexities and uniqueness of the various captive structures, as well as responsiveness and creativity in providing the necessary banking solutions.
Comerica's Captive Insurance Banking Group provides specialized banking services for captive insurance companies, including letters of credit, reinsurance trusts, trust custody, asset and treasury management services.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $73 billion at June 30, 2019.
Follow Comerica on Facebook: www.facebook.com/Comerica, Twitter: @ComericaBank and Instagram: @Comerica_Bank. To learn more on Comerica Captive Insurance Banking, visit http://www.comerica.com/captive.
About Captive Review
Captive Review and captivereview.com are published with the concerns and interests of the risk management and captive insurance communities firmly in mind. Captive Review was launched in December 1999 and is now published monthly. Captive Review and captivereview.com are wholly owned by Pageant Media Limited, an independent publishing company that was formed in February 1998 and has grown to become a leading information provider within its core markets.