Chicago-based Acordia Inc., the world’s sixth largest insurance brokerage and a subsidiary of Wells Fargo & Co., has acquired the assets and business of Malenas Insurance Agency, headquartered in Cleveland, Ohio.
The acquisition closed Oct. 1, 2003, and terms of the transaction were not disclosed.
Malenas Insurance Agency provides property/casualty and benefits insurance solutions for its clients and has been in business since 1980. The agency will be combined with the Acordia office at 1301 E. 9th St., Suite 3800, Cleveland.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
California Sees Two More Property Insurers Withdraw From Market 
JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback 
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate 
North Carolina Adjuster and Son Charged With Embezzlement in Roof Jobs 
