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.
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.