USI InsuranceServices has entered into an agreement with Wells Fargo &Company to purchase Wells Fargo InsuranceServices USA (WFIS), which includes its insurancebrokerage and consulting, employee benefits and property &casualty national practices, along with safehold special risk,small business insurance, student insurance, individual health andprivate risk management insurance business lines. Terms of thetransaction were not disclosed.

"This is a transformational transaction for both USI and WellsFargo Insurance. Together, we create a premier industry leader withan unmatched team of exceptional sales consultants, accountexecutives, technical resources and team members. We share a commonculture and values, including a focus on delivering a trulydifferent and better set of solutions with bottom line impact,"said Michael J. Sicard, chairman and CEO, USIInsurance Services.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].