SOURCE: Acordia, Inc.

February 05, 2007 09:00 ET

Acordia, Inc. Becomes Wells Fargo Insurance Services

CHICAGO, IL -- (MARKET WIRE) -- February 5, 2007 -- Acordia, Inc. -- the nation's fifth-largest insurance brokerage and part of Wells Fargo & Company (NYSE: WFC) -- and its affiliated companies have changed their name to Wells Fargo Insurance Services so that customers can immediately associate it with the Wells Fargo brand and the company's broad array of financial products and services.

"The new name of our business -- Wells Fargo Insurance Services -- signals to current and potential customers that insurance is our business and that we're an integral part of one of the world's largest, most diversified and most respected financial services companies," said Dave Zuercher, Wells Fargo Insurance Services' chairman, president and CEO. "We will continue to deliver outstanding local service from America's top insurance professionals. And with the strength of Wells Fargo financial services, we've got more horsepower than ever to help our customers succeed financially."

Also, during 2007, Wells Fargo Insurance Services (serving businesses) and Wells Fargo Insurance (serving individual customers) will bring its product and service offerings closer together. Zuercher said that unifying Wells Fargo's insurance offerings will better serve diverse customer groups, provide even greater flexibility, and enable customers to do business with Wells Fargo in several ways. "Our goal is to provide an exceptional customer experience, and making it easy for customers -- commercial or consumer -- to do business with us is one way we can do that well," said Zuercher.

Wells Fargo Insurance Services 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 $8.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products.

Wells Fargo acquired Acordia, Inc. in May 2001.

Wells Fargo & Company is a diversified financial services company with $483 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, "AA+," from Standard & Poor's Ratings Services.

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