Wells Fargo News

Wells Fargo Insurance Appoints New Executive For Philadelphia Region

Wells Fargo Insurance Services — part of Wells Fargo & Company — appointed Joseph Cathcart as managing director for its Philadelphia operations. In his role, Cathcart will oversee all operations for the regional offices, including sales and client service, market …

Wells Fargo Insurance Acquires New Jersey-Based Procomp

Wells Fargo Insurance Services has acquired Procomp Benefit Resources Inc., an employee benefits brokerage and consulting firm based in Hazlet, N.J. Terms of the transaction were not disclosed. The acquisition will allow Wells Fargo Insurance Services to further expand its …

Edwards Named Healthcare Practice Leader at Wells Fargo Insurance Services

Chicago-based Wells Fargo Insurance Services USA Inc. named Theresa G. (Terri) Edwards national healthcare industry practice leader. Based in North Carolina, Edwards will report to Keith Burkhardt, executive vice president and regional managing director, Wells Fargo Insurance Services. Edwards will …

Wells Fargo Insurance Appoints Wylie to Lead Chicago, Milwaukee Offices

Wells Fargo Insurance Services USA Inc., part of Wells Fargo & Co., has named James S. Wylie senior vice president and managing director for its Chicago and Milwaukee offices. Wylie will oversee all operations including client service and sales, market …

Wells Fargo to Pay $590 Million to Settle Wachovia Claim

Wells Fargo & Co. plans to pay $590 million to settle a class action lawsuit regarding Wachovia preferred securities and debt, the company said Friday. The 2009 class action case was filed in a federal court in New York City …

Wells Fargo Insurance Services Names Zheng Client Services Advisor

Wells Fargo Insurance Services has named Yuan Zheng client services advisor for the company’s international benefits practice. He will be based in Chicago and report to Edward Cha, client services leader. In his role, Zheng will provide global consultation and …

Wells Fargo Acquires Florida Benefits Firm

Wells Fargo Insurance Services has acquired Fort Lauderdale, Florida-based employee benefits firm, EDIFY, LLC. EDIFY provides employee benefits programs and consulting to mid to large-sized employers. EDIFY CEO Howard Gruverman, President Carlos Castresana, and their team will join Wells Fargo …

Judge Signals $32 Million Settlement in Wells Fargo Bias Suit

A federal judge signaled that she would approve a settlement calling for Wells Fargo & Co. to pay $32 million to about 1,200 female brokers who claimed they were paid less than men and denied promotions because of their gender. …

R-T Specialty to Acquire American E&S from Wells Fargo

Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, has agreed to purchase the wholesale insurance business of American E&S Insurance Brokers (AES) from Wells Fargo Insurance Services. R-T Specialty said it will acquire substantially all of the …