Wilmington Expands Trust Ops

A financial institution hopes to sell more insurance trustee and agency services.

Wilmington Trust Corp., Wilmington, Del., has hired Bob Bockrath to set up a new insurance products trust administration office in Birmingham, Mich.

The office will help Wilmington Trust sell services such as maintaining custody of insurance policies and collateral documents, servicing insurance-related loans, managing insurance-related loan cash flow, and making payments to investors in insurance-related securitizations.