Latest Wells Fargo Headlines
All the headlines from our Wells Fargo Topic Page, ordered by recency.
Texas-based HealthSmart to Acquire Wells Fargo TPA
Oct 19 2011 // HealthSmart Holdings Inc., based in Dallas, Texas, has entered into a definitive agreement to acquire Wells Fargo Third Party Administrators Inc., the medical third party administration (TPA) business of Wells Fargo...
Business Moves
Oct 17 2011 // Allstate, Esurance, Answer Financial The Allstate Corp. said it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. The...
Business Moves
Oct 3 2011 // Selective Insurance, Montpelier Re Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier Re U.S. Holdings Ltd., for $55 million....
Wells Fargo’s Insurance Unit Buys Reno Firm
Sep 30 2011 // The insurance unit of Wells Fargo & Co. has purchased ISU Stetson-Beemer Insurance, an insurance brokerage and consulting firm in Reno, Nev. The purchase closed on Sept. 1. Terms of the deal were not...
Business Moves
Sep 19 2011 // OneBeacon, Interboro OneBeacon Insurance Group said it is selling its high risk personal auto insurance business, AutoOne, to Interboro Holdings Inc. of New York. AutoOne, formed in 2001, serves the automobile assigned...
Wells Fargo Insurance Acquires New Jersey-Based Procomp
Sep 16 2011 // Wells Fargo Insurance Services has acquired Procomp Benefit Resources Inc., an employee benefits brokerage and consulting firm based in Hazlet, N.J. Terms of the transaction were not disclosed. The acquisition will allow...
Edwards Named Healthcare Practice Leader at Wells Fargo Insurance Services
Sep 9 2011 // Chicago-based Wells Fargo Insurance Services USA Inc. named Theresa G. (Terri) Edwards national healthcare industry practice leader. Based in North Carolina, Edwards will report to Keith Burkhardt, executive vice president...
People
Sep 5 2011 // Lee Stacey has been appointed president and chief executive officer of Britton-Gallagher & Associates Inc., one of Ohio’s largest privately owned insurance brokers. He assumes many of the current duties of Bruce...
Wells Fargo Insurance Appoints Wylie to Lead Chicago, Milwaukee Offices
Aug 24 2011 // Wells Fargo Insurance Services USA Inc., part of Wells Fargo & Co., has named James S. Wylie senior vice president and managing director for its Chicago and Milwaukee offices. Wylie will oversee all operations...
Wells Fargo to Pay $590 Million to Settle Wachovia Claim
Aug 5 2011 // Wells Fargo & Co. plans to pay $590 million to settle a class action lawsuit regarding Wachovia preferred securities and debt, the company said Friday. The 2009 class action case was filed in a federal court in New...
Wells Fargo Insurance Services Names Zheng Client Services Advisor
Jul 21 2011 // Wells Fargo Insurance Services has named Yuan Zheng client services advisor for the company’s international benefits practice. He will be based in Chicago and report to Edward Cha, client services leader. In his...
Business Moves
Jul 18 2011 // Esurance, Security First Esurance, the online car insurance company, said that it is partnering with Security First Insurance Co. as an underwriter to offer homeowners insurance in Florida. The move comes a little more...
Wells Fargo Acquires Florida Benefits Firm
Jul 7 2011 // Wells Fargo Insurance Services has acquired Fort Lauderdale, Florida-based employee benefits firm, EDIFY, LLC. EDIFY provides employee benefits programs and consulting to mid to large-sized employers. EDIFY CEO Howard...
Judge Signals $32 Million Settlement in Wells Fargo Bias Suit
Jun 9 2011 // A federal judge signaled that she would approve a settlement calling for Wells Fargo & Co. to pay $32 million to about 1,200 female brokers who claimed they were paid less than men and denied promotions because of...
Hulk Hogan Loses Fight Against Insurance Agency
Jun 6 2011 // A Pinellas County, Florida judge dismissed a lawsuit filed by Terry Bollea, better known as celebrity wrestler Hulk Hogan, in a matter stemming from his son’s 2007 car crash that left passenger, Nick Graziano, with...
Hulk Hogan Loses Fight Against Agency
Jun 6 2011 // A Pinellas County, Florida judge dismissed a lawsuit filed by Terry Bollea, better known as celebrity wrestler Hulk Hogan, in a matter stemming from his son’s 2007 car crash that left passenger, Nick Graziano, with...
Florida Court Knocks Out Hulk Hogan Claim Against Agency
May 17 2011 // A Pinellas County, Florida judge dismissed a lawsuit filed by Terry Bollea, better known as celebrity wrestler Hulk Hogan, in a matter stemming from his son’s 2007 car crash that left passenger, Nick Graziano, with...
Conway to Manage Kentucky for Wells Fargo Insurance
Mar 30 2011 // Wells Fargo Insurance Services USA Inc. has named Patrick Conway as managing director of its insurance operations in Kentucky. Working with local offices and bank partners, Conway will manage distribution of the...
R-T Specialty to Acquire American E&S from Wells Fargo
Feb 7 2011 // Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, has agreed to purchase the wholesale insurance business of American E&S Insurance Brokers (AES) from Wells Fargo Insurance...
Wells Fargo Insurance Acquires JFK Consulting Group LLC
Jan 11 2011 // Wells Fargo Insurance Services USA Inc., headquartered in Chicago, announced it acquired JFK Consulting Group LLC, an employee benefits brokerage and consulting firm located in Overland Park, Kan. Terms of the transaction...
