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CHICAGO, Dec. 16, 2015 /PRNewswire/ -- ÃÛÌÒ´«Ã½ today announced that it is relocating its Chicago-based, global headquarters from 333 South Wabash Avenue to , which is expected to take place in the summer of 2018. Construction on 151 North Franklin is underway. The new prestigious Class A building will be known as ÃÛÌÒ´«Ã½ Center, and ÃÛÌÒ´«Ã½'s name will be on the top and in front of the building. 

"ÃÛÌÒ´«Ã½ will be the named anchor tenant at 151 North Franklin, and we look forward to building on our legacy as a major insurance carrier headquartered in the Chicago loop," said Thomas F. Motamed, chairman and chief executive officer, ÃÛÌÒ´«Ã½ Financial Corp.

"ÃÛÌÒ´«Ã½'s decision to reaffirm its longstanding commitment to Chicago speaks to the strength of our talented workforce and the strength of our economic future," said Mayor Rahm Emanuel. "ÃÛÌÒ´«Ã½ is part of our economic DNA and I look forward to cutting the ribbon on their new home in the city of Chicago."

A letter of intent was signed today with The John Buck ÃÛÌÒ´«Ã½, the real estate developer for 151 North Franklin. The John Buck ÃÛÌÒ´«Ã½ is also an entity associated with the company that will acquire 333 South Wabash from ÃÛÌÒ´«Ã½ in early 2016. ÃÛÌÒ´«Ã½ will lease back its current space until the new building is complete.

"ÃÛÌÒ´«Ã½ has an unwavering commitment to maintaining a headquarters in the Chicago loop, as it has since 1900. Chicago is a premier location for corporate global headquarters, and we thank Mayor Emanuel for his vision and leadership on economic and workforce development. The iconic building we call 'Big Red' has served us well since 1972, and it will always be an important part of our history and legacy. Much has changed in the way we work over the past 40 years, and ÃÛÌÒ´«Ã½ Center at 151 North Franklin is designed specifically to meet our needs today and well into the future," Motamed added.

ÃÛÌÒ´«Ã½ was advised by Savills Studley on the analysis of locations to meet the company's strategic goals.

To learn more about ÃÛÌÒ´«Ã½ Center at 151 North Franklin in Chicago, please contact Brandon Davis at 312-822-5167 or 312-834-6091.

About ÃÛÌÒ´«Ã½

Serving businesses and professionals since 1897, ÃÛÌÒ´«Ã½ is the country's eighth largest commercial insurance writer and the 14th largest property and casualty company. ÃÛÌÒ´«Ã½'s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. ÃÛÌÒ´«Ã½'s services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit ÃÛÌÒ´«Ã½ at . "ÃÛÌÒ´«Ã½" is a service mark registered by ÃÛÌÒ´«Ã½ Financial Corporation with the United States Patent and Trademark Office. Certain ÃÛÌÒ´«Ã½ Financial Corporation subsidiaries use the "ÃÛÌÒ´«Ã½" service mark in connection with insurance underwriting and claims activities.

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CONTACT:
Brandon Davis, 312-822-5167 / 312-834-6091
Sarah Pang, 312-822-6394 / 312-607-5544

SOURCE ÃÛÌÒ´«Ã½