Robert E. Evans Joins Fleet Financial Group as Managing Director of Insurance Services

Strategic Insights -

Robert E. Evans, a seasoned executive from Travelers Insurance Co., has been appointed managing director of Fleet Financial Group's insurance services business, effective October 2. Evans will be responsible for developing Fleet's corporate-wide insurance services business and will report to Gunnar S. Overstrom, who will become a vice chairman of the corporation after the merger between Fleet and Shawmut National Corporation is completed.

Evans brings a wealth of experience to the role, having previously headed Travelers' Product Marketing Group, individual life product line, and individual annuity product line. A graduate of Boston College, Evans holds various professional certifications, including Chartered Life Underwriter, Chartered Financial Consultant, and Fellow of the Society of Actuaries. He will be based in Hartford and will work to expand Fleet's insurance services business nationwide.

Key Takeaways:

  • Robert E. Evans, a senior executive from Travelers Insurance Co., has joined Fleet Financial Group as managing director of insurance services.
  • Evans will be responsible for developing Fleet's corporate-wide insurance services business and will report to Gunnar S. Overstrom after the merger with Shawmut National Corporation.
  • Evans has extensive experience in the insurance industry, having led various teams at Travelers, including Product Marketing Group, individual life product line, and individual annuity product line.
  • Evans is a graduate of Boston College and holds several professional certifications, including Chartered Life Underwriter, Chartered Financial Consultant, and Fellow of the Society of Actuaries.
  • The merger between Fleet and Shawmut National Corporation is expected to be completed by the end of the year.
  • Evans will be based in Hartford and will work to expand Fleet's insurance services business nationwide.
  • Fleet Financial Group is a $51-billion diversified financial services company listed on the New York Stock Exchange with approximately 1,200 offices nationwide.

Statistics:

  • $51 billion: The market value of Fleet Financial Group (NYSE: FLT)
  • 1,200: The number of offices nationwide operated by Fleet Financial Group
  • 1976: The year Robert E. Evans joined Travelers Insurance, Hartford, Conn.
  • October 2: The date Robert E. Evans will join Fleet Financial Group as managing director of insurance services
  • End of the year: The expected completion date of the merger between Fleet and Shawmut National Corporation (NYSE: SNC)

Sources:

  • PR Newswire, "Robert E. Evans to Join Fleet Financial Group as Managing Director of Insurance Services", September 14, 1995.
  • Fleet Financial Group, Press Release.