SOURCE: Wells Fargo Insurance Services, Inc.

October 02, 2007 09:27 ET

Wells Fargo to Host Economic, Risk Management, and Healthcare Outlook Seminar

MADISON, NJ--(Marketwire - October 2, 2007) - Wells Fargo Bank, N.A. and the Wells Fargo Insurance Services Madison, N.J. office will host a complimentary, morning-long seminar titled Setting The Stage: Wells Fargo Economic, Risk Management, and Healthcare Outlook for 2008 on Wednesday, October 17, 2007.

The seminar will focus on the impact of how the economy, risk management, and healthcare system will affect organizations and future business planning for 2008 and beyond. Speakers for the seminar include Gary Schlossberg, Vice President and Senior Economist for Wells Fargo Capital Management; Tom Motamed, Vice Chairman and Chief Operating Officer for Chubb Corporation and Chief Operating Officer for Chubb and Son; and Robin Downey, Senior Vice President and Head of Product Development for Aetna Inc.

In his three decades of industry experience including 27 years at Wells Fargo, Schlossberg is responsible for assessing and analyzing the economic and investment environment and providing input to the equity and fixed income portfolio management teams at Wells Capital Management. In this capacity, he analyzes prospects for the financial markets and is a frequent commentator in the U.S., Japanese, and European financial press. He also keeps a close eye on conditions in the equity and fixed income markets, along with the developments in the foreign exchanges and international capital markets. Schlossberg will engage the audience in a thorough dialogue on the 2008 economic forecast in an important election year.

In his roles for Chubb Corporation and Chubb and Son, Motamed is responsible for worldwide underwriting and field operations, strategic marketing, operations services, and corporate development. Chubb and Son was recently ranked #1 as the best admitted property and casualty insurer for 2007 by Business Insurance. Motamed will offer insight as to how the effects of catastrophes, terrorism, global uncertainty, and regulatory changes impact the business and insurance industry and how these same components have impacted overall product development, underwriting standards, and the general pricing of insurance.

As the Head of Product Development for Aetna, one of the nation's leading health benefits organizations, Downey is responsible for designing the company's portfolio of health benefits which includes a broad array of consumer-directed products, high performance networks, HMO, PPO, POS, and indemnity products. She works closely with leaders from throughout the Aetna organization, as well as Aetna customers and industry consultants, to ensure that the company's product offerings meet ever-changing constituent needs. Downey will be discussing the impact of consumer-directed health care programs and the importance of empowering individuals with information on clinical quality and price to allow them to be more knowledgeable health care consumers.

Setting The Stage: Wells Fargo Economic, Risk Management, and Healthcare Outlook for 2008 seminar will be held at the at the Park Avenue Club, 184 Park Avenue, Florham Park, N.J. 07932. The seminar will begin at 8:00 a.m. and will conclude at 11:00 a.m. Breakfast and refreshments will be served. Please contact Tracey Franchi, at or 800.227.0185, ext. 2303, with your acceptance by Friday, October 12, 2007.

About Wells Fargo Insurance Services (

Wells Fargo Insurance Services, formerly Acordia, Inc., is the fifth-largest insurance brokerage and the largest bank-owned insurance brokerage in the United States, with more than 150 offices in 38 states. Its 4,500 insurance professionals place more than $10.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products. Wells Fargo acquired Acordia in May of 2001.

Wells Fargo & Company is a diversified financial services company with $486 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,100 stores and the internet ( across North America and internationally. Wells Fargo Bank, N.A. has the highest possible credit rating, "Aaa," from Moody's Investors Service and the highest credit rating given to a U.S. bank, "AAA+," from Standard & Poor's Ratings Services.

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