A Midwestern insurer is consolidating some back-office operations in its headquarters city.
Conseco Inc., Carmel, Ind., probably will eliminate or substantially modify about 450 positions in connection with the changes, the company estimates.
Current consolidation plans include the policyholder services, premium processing and claims operations of Conseco’s Bankers Life and Casualty business, which is based in Chicago, and Conseco Insurance Group, which is based in Carmel.
The consolidation will not affect Conseco’s Philadelphia-based Colonial Penn unit.
Steven Stecher, executive vice president for operations, will run a new operations group that will be based in Carmel, Conseco says.