Wells Fargo Insurance Services, Inc., a bank-owned insurance brokerage and a subsidiary of Wells Fargo & Co., reports it has acquired St. Louis-based Insurance Brokers of America (IBA).
IBA partners Robert Concannon, Irene Mitchell, Jack Rowe and Jack Engler are to continue their responsibilities with Wells Fargo Insurance Services, the firm said.
The acquisition closed Feb. 1. Terms of the transaction were not disclosed.
Insurance Brokers of America offers property and casualty and employee benefits coverages. The agency’s professional staff of 11 team members will continue serving customers from the current offices.
Source: Wells Fargo Insurance Services
www.wellsfargo.com
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
Jury Awards 78-Year-Old Victim $56 Million for Crash Caused by Amazon Delivery Driver 
Allstate Q2 Net Income Jumps 56% on Underwriting 
NHTSA Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks 
