Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Wells Fargo Brokerage Buys Three Agencies

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Sept. 9, 2003, 7:03 p.m. EDT – Acordia Inc., Chicago, the insurance brokerage unit of Wells Fargo & Company, San Francisco, has acquired agencies in Nebraska, Pennsylvania and Texas that will sell employee benefits and life insurance as well as property-casualty insurance.

The company acquired Wisenberg Insurance + Risk Management, Houston; McDermott Brokerage Inc., Omaha, Neb.; and Goodritz-Emanuel Insurance, Bala Cynwyd, Pa.

All three acquisitions closed Sept.1. Acordia did not disclose terms of the transactions.

Kevin Conboy, president of Acordia, says his company will continue to look for acquisition opportunities to expand Wells Fargo’s reach both inside and outside the 23 states where it has banking operations.

Including its most recent acquisitions, Acordia has bought 10 agencies since May 1, 2001. The new acquisitions give it a total of 147 insurance offices in 38 states, with a staff of 4,500.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.