Wells Fargo Chooses Wissinger to Lead Acordia Inc.

Wells Fargo & Company (WFC) has named Peter Wissinger to head Acordia Inc., the Chicago-based Wells Fargo company which is the nation’s fifth largest insurance broker.

Wissinger, a 20-year Wells Fargo veteran, will succeed Kevin Conboy, who will retire from the company. Wissinger’s appointment combines the leadership for all of Wells Fargo’s insurance businesses under one senior executive. He will report to Dave Zuercher, head of International and Insurance Services, who will continue to serve as chairman of Acordia.

In addition to his new role, Wissinger will continue to be responsible for Wells Fargo’s retail insurance businesses (Wells Fargo Insurance); continue to have oversight responsibility for Minnesota-based Rural Community Insurance Services (RCIS) — the nation’s largest crop insurance managing general agency; continue to oversee product development and direct sales of insurance in Community Banking; and remain liaison for insurance with Wells Fargo’s Home and Consumer Finance Group. He will continue as a member of the board of Acordia Inc., and a member of the Management Committee of Wells Fargo & Company. Wissinger will also continue as chairperson of the Wells Fargo Insurance Governance Group.

Conboy, a 20-year Acordia veteran, became president and CEO of Acordia Inc. in March 2003. Prior to that, he was in charge of the east region for Acordia. He earned a promotion to chief operating officer in June 2002.