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Wachovia Insurance Services
       
 
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Wachovia Insurance Services
 
 
Mission statement: 

At Wells Fargo Insurance Services, our mission is to be the leader in providing unparalleled customer service, trusted advice, superior, and cost-effective insurance solutions to each and every one of our customers.  We work with you personally to identify your risks and design the right comprehensive insurance solutions to satisfy your insurance needs.
Overview: 

Wells Fargo Insurance Services, Inc., headquartered in Chicago, Ill., is the fourth largest insurance brokerage firm in the world, according to Business Insurance magazine, and the largest bank-affiliated insurance brokerage firm in the United States. We provide insurance brokerage and administrative services, as well as a wide range of financial and consulting services to thousands of satisfied customers. Today, we have 200* offices across the nation with more than 9,600* professionals who place more than $15.5 billion* in risk premiums.



With Wells Fargo Insurance Services, you get the experience of a large broker with the personal attention and service of a local broker. We offer a remarkable selection of products and services combined with exceptional knowledge in a variety of industries, including property, casualty, benefits, international, personal lines, and life products to provide coverages that satisfy your needs today and in the future.  
Vision: 

We want to satisfy all of our customers’ insurance needs, be the premier provider of insurance services in every one of our markets, and be known as one of America’s great companies.  We all share in the same vision and know how we each, individually, contribute to achieving this vision.
History: 

Wells Fargo Insurance Services (formerly Acordia) Acquisition History

   * Acordia was founded by The Associated Group, now Wellpoint (formerly Anthem) in 1989; Acordia was headquartered in Indianapolis, Ind.



   * Acordia entered property/casualty brokering with Robinson-Conner acquisition in 1991; Robinson-Conner was headquartered in Erie, Penn.



   * Acordia achieved critical mass in property/casualty brokering, acquiring American Business Insurance (ABI) in 1993; ABI was headquartered in Cincinnati, Ohio.



   * Acordia acquired Pettit-Morry Company in 1994; Pettit-Morry Company was headquartered in Seattle, Wash.



   * Acordia acquired Bain Hogg Robinson in 1995; Bain Hogg Robinson was headquartered in Boston, Mass.  



   * Acordia was acquired by Wells Fargo & Co in 2001; Acordia was headquartered in Chicago, Ill.



   * Acordia changed its name to Wells Fargo Insurance Services in 2007 and remains headquartered in Chicago.  Wells Fargo Insurance Services, Wells Fargo Insurance Inc., (headquartered in Minneapolis) and Rural Community Insurance Services (headquartered in Minneapolis) make up the entire insurance division of Wells Fargo.



   * Wells Fargo Insurance, Inc. has been selling insurance and serving customers since 1929.  Acquisition-related growth in the past fifteen years has been primarily related to larger acquisitions by the parent company.  These include Norwest Corporation’s acquisition of Directors Insurance and Directors Mortgage Loan Corp. in 1995, the acquisition of Wells Fargo & Company in 1998 and Wells Fargo & Company’s acquisition of First Security Corporation in 2000.  In addition, Wells Fargo Insurance, Inc. has done several asset purchases related to crop insurance and homeowners insurance.



   * Wells Fargo Insurance Services acquired ABD Insurance & Financial Services in 2007; ABD is headquartered in Redwood City, Calif.; and changed their name to Wells Fargo Insurance Services in 2008.



   * Wells Fargo merged with Wachovia in 2008; Wells Fargo Insurance Services combines with Wachovia Insurance Services; Wachovia Insurance Services was headquartered in Charlotte, N.C. Major acquisitions that make up Wachovia Insurance Services are Davis Baldwin (2000 – Tampa/Orlando), Hamilton, Dorsey, Alston (2001 - Atlanta), Cameron M. Harris (2002 - Charlotte), Palmer & Cay (2005 – Savannah based) and Puckett and Associates (2007-Greensboro, SC).  
Formerly known as: 

Acordia, Wells Fargo Insurance Services USA, Inc.


 
 
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