SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Insurance, part of Wells Fargo & Company (NYSE:WFC), continues to strengthen and grow its nationwide team, hiring more than 60 professionals in recent months. The latest industry and internal bank hires support the business’ ongoing strategy to grow existing Wells Fargo customer relationships, attract new clients, improve customer service, and enhance its industry leading expertise. “Continuing to invest in talent is critical to the success of our business and remains a top priority,” said Laura Schupbach, head of Wells Fargo Insurance. “Our team members are our competitive advantage. By adding new industry and internal bank leaders, we strengthen the business and create more opportunities to better serve the insurance needs of our clients.” Wells Fargo Insurance’s 5,200 team members provide insurance and risk management solutions through its Insurance Brokerage and Consulting and Personal and Small Business Insurance service businesses. Since May, the business has continued to hire highly experienced and talented individuals for a number of roles, including regional market executives, national practice leaders, business development officers and sales and account executives. Insurance Brokerage & Consulting (IBC): Working closely with Wells Fargo’s Commercial, Corporate and Private Banking groups, IBC provides middle market, large corporate and high net worth clients with risk management solutions, including property and casualty, professional risk, employee benefits, and private risk. IBC also provides specialization in industries such as real estate, health care, energy, and hospitality as well as targeted insurance programs through Safehold Special Risk. Recent IBC hires include: Personal and Small Business Insurance (PSBI): Through PSBI, Wells Fargo provides retail and small business customers with access to personal and business insurance products including auto, home, umbrella, renters and small business insurance. Recent PSBI hires include: About Wells Fargo Insurance Recently named Best Insurance Broker in the U.S. by Global Finance Magazine1, Wells Fargo Insurance provides solutions for a wide range of customers, including retail consumers, high net worth individuals, small businesses, as well as middle market and large corporate customers. Wells Fargo Insurance writes or places approximately $11 billion of risk premiums annually in property, casualty, benefits, international, personal lines, and life products and also includes one of the nation’s leading crop insurance providers, Rural Community Insurance Services (RCIS). About Wells Fargo & Company Wells Fargo & Company (NYSE:WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories. 1 Ranking includes Wells Fargo Insurance Services USA, Inc., Wells Fargo Insurance Services of West Virginia, Inc., Wells Fargo Insurance, Inc., and Rural Community Insurance Company
Wells Fargo is looking to expand its insurance brokerage business through acquisitions, after previously announced M&A plans did not work out, according to its head of Insurance, Laura Schupbach. With issues now resolved over its insurance brokerage and consulting unit, the bank feels it is ready to restart efforts in building its insurance area through M&A's, says Schuphach. "We're very interested in building out industry expertise", she said, adding that Wells Fargo was looking at areas such as healthcare, hospitals and agriculture.