Chicago-based Wells Fargo Insurance Services Inc. said that itsbrokerage affiliate, ABD Insurance and Financial Services, hasacquired Santa Rosa, Calif.-based Martin Financial/InsuranceServices. Financial terms were not released.
|Wells Fargo said the Martin firm works primarily in the areas ofgroup and individual health, life, disability, dental and vision,focusing on the employee benefit needs of groups ranging in sizefrom one to several hundred employees, including both fully insuredand self-funded plans. Martin was founded in 1981.
|Company shareholder Bud Martin and six associates will integratetheir current practice into the Wells Fargo of California InsuranceServices' North Bay operations.
|Wells Fargo Insurance Services is a subsidiary of SanFrancisco-based bank Wells Fargo & Company.
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