Dave Zuercher News

People

San Francisco-based Wells Fargo & Co. announced its management team for the combined insurance businesses of Wells Fargo and Wachovia Corp. Reporting to Dave Zuercher, group head of International and Insurance Services, are Neal Aton, head of Wells Fargo Insurance …

People

Andrew Fotopulos has joined Starkweather & Shepley Insurance Brokerage Inc. in Providence, Rhode Island as senior vice president. Fotopulos will lead the brokerage’s financial institutional practice. He will focus on providing specialized risk coverage designed for insuring financial institutions and …

Wells Fargo Names Heads of Insurance Businesses

San Francisco-based Wells Fargo & Co. announced its management team for the combined insurance businesses of Wells Fargo and Wachovia Corp. Reporting to Dave Zuercher, group head of International and Insurance Services, are Neal Aton, head of Wells Fargo Insurance …

Business Moves

The Hartford, Allianz SE The Hartford Financial Services Group Inc. finalized a $2.5 billion capital investment by Allianz SE. Under the agreement, Allianz purchased, at $31 per share, $750 million of preferred shares convertible to common stock after receipt of …

Wells Fargo Acquires Emar Group

San Francisco-based Wells Fargo Insurance Services, part of Wells Fargo & Co., has acquired the EMAR Group, an independently owned commercial insurance agency headquartered in Livingston, N.J., with an office in Florida. Terms of the agreement were not disclosed. Founded …

ABD Insurance Acquires Martin Financial/Insurance Services

ABD Insurance and Financial Services, a part of Wells Fargo Insurance Services, has acquired the assets of Santa Rosa, Calif.-based Martin Financial/Insurance Services. The acquisition adds to Wells Fargo’s Northern California presence, which now totals 2,500 team members in 51 …

HLA Becomes Wells Fargo Global Broker Network; Basso Named CEO

Wells Fargo Insurance Services, a subsidiary of Wells Fargo & Co., said it has become the exclusive manager of the HLA Global Network, now known as the Wells Fargo Global Broker Network. The Network has 10,000 insurance and risk management …

Business Moves

AmWINS, Beacon Risk Strategies Charlotte, N.C.-based AmWINS Group Inc. acquired Beacon Risk Strategies, a Seattle-based managing general underwriter of excess-loss benefits insurance. Terms of the transaction were not disclosed. Founded in 1999, Beacon Risk Strategies provides stop-loss products to protect …

Wells Fargo Acquires Insurance Premium Finance Firm Flatiron

Wells Fargo Bank reports it has acquired the business of Colorado-based Flatiron Credit Co., Inc. and its operating subsidiaries. Flatiron was a subsidiary of TD Banknorth, N.A. and is one of the nation’s largest insurance premium finance companies. Terms of …

Acordia Changes Name to Wells Fargo Insurance

Acordia, Inc. — the nation’s fifth-largest insurance brokerage and part of Wells Fargo & Co. — and its affiliated companies have changed their name to Wells Fargo Insurance Services. Wells Fargo acquired Acordia, Inc. in May 2001. “The new name …