NU Online News Service, April 20, 2:27 p.m. EDT
Chicago-based insurance broker Wells Fargo Insurance Services Inc., part of San Francisco-based bank Wells Fargo & Company, has acquired the assets of North Coast Surety Insurance Services and North Coast Surety Technologies. Transaction terms were not released.
Based in Novato, Calif., North Coast Surety has provided surety bonds for public works contractors since 1994. Dixon Wright, who owned the company, now manages surety operations for Wells Fargo Insurance Services in the San Francisco Bay Region.
Mr. Wright will report to Brian Hetherington, regional manager for Wells Fargo Insurance Services in the San Francisco/South Bay region.
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