Tuesday, August 16, 2011

Wells Fargo Insurance Services Expands Bay Area Region

In an effort to better serve its growing customer base, Wells Fargo Insurance Services USA, Inc. -- part of Wells Fargo & Company -- has announced a new structure for its San Francisco/Bay Area operations. Leveraging its size and significant presence in the San Francisco and Northern California markets, Wells Fargo Insurance Services (WFIS) combined the San Francisco South Bay and North Bay regions, providing customers with improved service and access to insurance and financial resources. The South Bay region includes San Carlos, San Mateo and Palo Alto and the North Bay region includes San Francisco, Marin County and Petaluma.

The combined structure will provide customers with a fully-integrated financial and insurance services platform. WFIS will also be better positioned to work with other Wells Fargo business units in the Bay Area, providing improved service and resource delivery to customers locally and in the outlying cities and communities.

"This expansion strengthens Wells Fargo's commitment to our Bay Area customers and communities by aligning our resources and talent to better serve their needs," said H. David Wood, executive vice president of Wells Fargo Insurance Services, West Area. "Customers will have more opportunities to work with other Wells Fargo businesses to find solutions for the financial and risk management issues they face every day."

Brian Hetherington, regional managing director for the new San Francisco Bay Region, will lead the combined operation. He will manage efforts to enhance service offerings through closer alignment with other Wells Fargo businesses.

"As the largest bank-owned brokerage in the U.S., Wells Fargo Insurance Services has an unparalleled level of financial stability, reputation, and depth of resources," said Hetherington. "Leveraging our commercial and consumer cross-sell potential, we have the opportunity to provide financial services to customers across the spectrum, from consumer to corporate banking customers."

Now, as one of the leading insurance brokerage firms in the San Francisco Bay Area, the expanded structure will also help attract and recruit top talent in the insurance market, providing customers with best in class service and access to insurance resources and solutions.

About Wells Fargo Insurance Services

Wells Fargo Insurance Services is the fifth largest insurance brokerage in the world and the largest bank-owned insurance brokerage in the U. S. (Business Insurance, 2009) with more than 200 offices in 37 states. Its 7,000 insurance professionals place more than $16 billion of risk premiums with experience in property, casualty, benefits, international, personal lines, and life products.

Wells Fargo Third Party Administrators and Wells Fargo Disability Management are ranked as the third largest multiline third party administrators that offer employee benefits, and property and casualty claims administration (Business Insurance.) For more information about Wells Fargo Insurance Services, visit www.wellsfargo.com/wfis .

Wells Fargo & Company is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With approximately 275,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune's 2011 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially.

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