SOURCE: Wells Fargo Insurance Services

April 25, 2008 17:14 ET

Wells Fargo Names Richard Friedl Managing Director, National Practice Leader for Property and Enterprise Risk

CHICAGO, IL--(Marketwire - April 25, 2008) - Wells Fargo Insurance Services, Inc. has named Richard Friedl managing director and national practice leader for property and enterprise risk. He will be based in the New York, N.Y. office.

In his new role, Friedl will be responsible for managing new product development, customer retention, new business development, and claims advocacy activities for property product lines. Additionally, he will build and support Industry Practice Groups to effectively network the organization. Friedl will also manage enterprise risk working with Wells Fargo Insurance Services account teams and customers to assist in evaluating total risk and developing solutions through various products and structures.

"Rick is a talented individual with a vast amount of experience in property and enterprise risk management," said Scott Isaacson, executive vice president for Wells Fargo Insurance Services. "He will be a great asset to our company."

Prior to joining Wells Fargo Insurance Services, Friedl was a senior vice president at Zurich Financial Services Group for 12 years. He focused on property and integrated risk new business development and account retention. Prior to joining Zurich, Friedl was a senior account executive with IRI focused on selling and retaining high-hazard large customers.

Friedl received his bachelor's of science in industrial technology from East Carolina University, Greenville, N.C.

Wells Fargo Insurance Services, Inc. is the fifth-largest insurance brokerage and the largest bank-owned insurance brokerage in the United States, with more than 170 offices in 38 states. Its 5,200 insurance professionals place more than $11.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products. For more information about Wells Fargo Insurance Services, visit or call Dave Hock at 650.839.6244.

Wells Fargo & Company is a diversified financial services company with $575 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet ( across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest credit rating from both Moody's Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA."

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