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Article: Wells to Continue Acquiring Insurance Brokerages in West.
- Article from:
- American Banker
- Article date:
- June 15, 2009
- Author:
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Byline: Matt Ackermann
Wells Fargo Insurance Services Inc. plans to buy more insurance brokerages as part of its strategy to develop new business in the West.
Last week the San Francisco unit of Wells Fargo & Co. bought Grady & Associates, a single-office retail insurance broker in Las Vegas. The price was not disclosed.
H. David Wood, the executive vice president of insurance brokerage for the Western region at Wells Fargo Insurance Services, said this is the unit's first acquisition since Wells Fargo reorganized its insurance business into Eastern and Western regions in January.
Wells Fargo Insurance, the fifth-largest insurance ...