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Wells Fargo Insurance Services Names Linda Need Managing Director of Life Insurance Group

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  Published in Business and Finance on Wednesday, March 2nd 2011 at 16:35 GMT by Market Wire
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CHICAGO--([ BUSINESS WIRE ])--Wells Fargo Insurance Services USA, Inc. a" part of Wells Fargo & Company (NYSE:WFC) - has named Linda Need managing director for its life insurance division. Need will be responsible for building a companywide life insurance platform to increase growth across all of the companya™s distribution channels, including Wells Fargo Wealth Management, Wells Fargo Financial Advisors and its Personal Insurance Center.

"Lindaa™s extensive industry experience will help Wells Fargo grow our life insurance business and continue to provide customers with the products and services they need to succeed financially"

Wells Fargo Insurance Services President and CEO Neal Aton, says Need will be tasked with leading an expansion of Wells Fargoa™s life insurance practice.

aLindaa™s extensive industry experience will help Wells Fargo grow our life insurance business and continue to provide customers with the products and services they need to succeed financially,a said Aton.

Prior to joining Wells Fargo, Need spent eight years at Bank of America as senior vice president for its wealth and investment management group, where most recently she was the lead representative for its brokers and brokerage clients during the Merrill Lynch integration. As national sales manager for the banka™s affluent and high net worth insurance group, she quadrupled business revenue in less than three years. During her 30 years in the industry, Need has also served as national sales manager at Morgan Stanley where she led a multi-billion dollar business distributing estate planning, life insurance and annuity sales distribution through the companya™s 13,000 financial advisors, as well as in various actuarial, product and sales positions at Allstate, Tillinghast and Northwestern Mutual.

Need is a Trustee of The American College and serves on the faculty of the CBA Graduate School of Retail Bank Management. She graduated from Williams College in Williamstown, MA and is a Certified Financial Planner (CFP^®), a Chartered Financial Analyst (CFA), a Chartered Advisor in Philanthropy (CAP^®), a Fellow of the Society of Actuaries (FSA) and a member of the American Academy of Actuaries (MAAA).

About Wells Fargo Insurance Services

Wells Fargo Insurance Services isthe fifth largest insurance brokerage in the world and the largest bank-owned insurance brokerage in the U. S. (Business Insurance, 2009) with more than 200 offices in 37 states. Its 9,200 insurance professionals place more than $16 billion of risk premiums with experience in property, casualty, benefits, international, personal lines, and life products.

Wells Fargo Third Party Administrators and Wells Fargo Disability Management are ranked as the third largest multiline third party administrators that offer employee benefits, and property and casualty claims administration (Business Insurance.) For more information about Wells Fargo Insurance Services, visit [ www.wellsfargo.com/wfis ].

About Wells Fargo & Company

Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With approximately 280,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 19 on Fortunea™s 2009 rankings of Americaa™s largest corporations. Wells Fargoa™s vision is to satisfy all our customersa™ financial needs and help them succeed financially.