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 M&A , Schuphach . 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 Wells Fargo 's, says Laura Schupbach . 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. "We're very interested in building out industry expertise", she said, adding that Insurance was looking at areas such as healthcare, hospitals and agriculture.
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 M&A , Schuphach . 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 Wells Fargo 's, says Laura Schupbach . "We're very interested in building out industry expertise", she said, adding that Insurance was looking at areas such as healthcare, hospitals and agriculture.