Wells Fargo Acquires North Coast Surety Insurance Services

Wells Fargo Insurance Services Inc., part of Wells Fargo & Co., has acquired the assets of North Coast Surety Insurance Services and North Coast Surety Technologies on April 1. Terms were not disclosed.

Based in Novato, Calif., North Coast Surety Insurance Services has provided surety bonds for public works contractors since 1994. Dixon Wright, who owned the company, now manages surety operations for Wells Fargo Insurance Services in the San Francisco Bay Region. He reports to Brian Hetherington, regional manager for Wells Fargo Insurance Services in the San Francisco/South Bay region.

“This continues to demonstrate Wells Fargo’s commitment to the insurance business and the greater construction business in the Bay Area,” said Brian Hetherington, regional brokerage manager. “Dixon’s experience and his technology vision are two areas that will help our business move to the next level under the Wells Fargo umbrella.”

Source: WFIS

Topics Mergers & Acquisitions