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Wells Fargo Insurance Services Doubles Revenue Over Ten Years

^{Published on 2011-05-03 20:00:41 - Market Wire}
 

CHICAGO--([ BUSINESS WIRE ])--Wells Fargo Insurance Services, Inc., part of Wells Fargo & Company (NYSE:WFC) and the fifth largest brokerage firm in the world, is celebrating a 10-year track record of growth and service to business customers. The company, which handles close to $16.5 billion in risk premiums annually, has seen its insurance revenues grow by 125% since its inception a decade ago.

"Our customers can save both time and money when they bring all of their financial services to one trusted provider"

Wells Fargo acquired Acordia, Inc. in May, 2001, establishing a foundation for the portion of its business that would later become Wells Fargo Insurance Services. The company has since made significant investments in resources and talent that drive its customer service, which was recognized by the Greenwich Broker Excellence Awards. Today, Wells Fargo serves over 80 percent of the Fortune 1000 and has seen its insurance revenues more than double since 2001.

aOur track record shows that we have earned the trust of our business customers as well as their appreciation for our valued advice, superior service, and smart, cost-effective insurance solutions,a said Neal Aton, CEO of Wells Fargo Insurance Services. aOur business is core to Wells Fargoa™s mission of helping customers succeed financially by meeting a broad range of their needs with a diverse portfolio of products and services. We help them protect what they value most. a

As it celebrates its 10-year anniversary, Wells Fargo Insurance Services is launching a number of initiatives aimed at expanding in key markets and growth sectors, working with the company on risk management and employee benefit solutions, while continuing to attract, retain and develop a talented team that can deliver industry-leading service.

aOur customers can save both time and money when they bring all of their financial services to one trusted provider,a Aton said. aWe develop close relationships with our customers so we can understand their risks and respond to their changing business environment. As our experience over the last 10 years shows, ita™s a model that customers want and appreciate.a

Wells Fargo Insurance Services has a number of senior executives, including Aton, who are presenting at this weeka™s Risk & Insurance Management Societya™s (RIMS) Annual Conference & Exhibition in Vancouver, B.C.

About Wells Fargo Insurance Services

Wells Fargo Insurance Services is the 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 ].

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 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 more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortune's 2009 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financialneeds and help them succeed financially.