Wachovia Insurance Services, the insurance brokerage arm of Wachovia Corp., will be unaffected by today's announced sale of the company's banking services to Citigroup Inc., according to the company.
Mary Eshet, a spokeswoman for Charlotte, N.C.-based Wachovia, said there would be no change in the insurance brokerage operations and clients would not notice changes.
Wachovia is a major insurance brokerage player, ranked in the top 15 insurance brokerage firms in the United States. The company says it employs more than 1,300 insurance professionals, with annual revenue exceeding $400 million and premium placements exceeding $4 billion. It has 34 offices in 15 states and Washington, D.C.
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