Wachovia Insurance Re-named Wells Fargo Insurance 

Wachovia Insurance Services, Inc. has been re-named Wells Fargo Insurance Services USA, Inc., San Francisco-based Wells Fargo bank said.

“Wells Fargo Insurance Services USA, Inc. is now an integral part of one of the world’s largest, most diversified and most respected financial services companies,” commented Neal Aton, Wells Fargo Insurance Services president and chief executive officer.

Wells Fargo Insurance Services USA, Inc. will become a direct subsidiary of Wells Fargo Insurance Services next year.

Wells Fargo acquired the insurance brokerage firm as part of its takeover of Wachovia bank last year.

 According to consultants, the merger of the two will make Wells Fargo the fourth largest insurance brokerage firm in the United States (see NU Online, Oct. 20, 2008, “Wells Fargo-Wachovia Merger Would Create Fourth-Biggest Insurance Brokerage”)

Wells Fargo Insurance Services Inc., with Wachovia Insurance Services, places $15.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products. The combined company has nearly 200 offices in 37 states and more than 7,500 employees.

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