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. 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. The bank has been in talks with a number of insurers, including MetLife and American International Group, about acquiring their businesses for the purpose of expanding into new areas such as life insurance, she said. "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.
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. The bank has been in talks with a number of insurers, including MetLife and American International Group, about acquiring their businesses for the purpose of expanding into new areas such as life insurance, she said. "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.