NU Online News Service, Aug. 26, 2:50 p.m.EDT

Laura L. Schupbach was named the new head of Wells FargoInsurance Services to replace David Zuercher who is retiring at theend of this year.

A 16-year veteran of the company, Schupbach, now executive vicepresident and head of insurance, will oversee all of the SanFrancisco-based banks insurance operations of more than 200 officesin 37 states. She will be based in Denver.

Wells Fargo says its brokerage and agency model extends to allof its customer segments, providing solution for consumers, wealthclients, small businesses, middle market and corporate clients. Shewill also oversee Wells Fargo's multi-peril crop insurancedivision, Rural Community Insurance Services, Inc.

According to Highline Data, a member of SummitBusiness Media, which also owns National Underwriter,Rural Community is second behind ACE Ltd. with close to 15 percentof the multi-peril crop insurance market.

Schupbach has held various senior level positions throughoutWells Fargo, including head of enterprise expense management, andthe head of finance for the wholesale banking group, thediversified products group (various consumer and small businessbusinesses), and the western banking group.

The company also announced that Charlie Roberson, a 21-yearveteran of Wells Fargo, will succeed Schupbach as the head ofenterprise expense management reporting to Tim Sloan, chieffinancial officer.