Saturday, February 19, 2011

Wells Fargo Insurance Services nabs Las Vegas brokerage in buying spree - Portland Business Journal:

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The brokerage network, part of (NYSE: WFC) said the deal closerd June 1. Terms were not disclosed. Accordinbg to has been in business since when it was foundedx byJohn Grady, and focuses exclusively on health and benefits insurance, with customerxs in the hospitality, construction, health-care, auto sales and home developmenf niches. Grady is now managinh director ofemployee benefits. Wells Farg Insurance Services isthe world’s fifth-largest insurance brokeragew and the nation’s largest bank-ownes brokerage, according to Business Insurance magazine’s 2008 list, with more than 200 officea in 37 states.
The brokeragw network has been on a buying spree Itbought Novato’s and in earlty April, and about a month before that acquired Walnutt Creek-based , an employee benefits consulting firm that also has offices in Houstomn and Seattle, among other deals in recent months.

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