SOURCE: Acordia, Inc.

July 20, 2005 11:52 ET

Acordia, Inc. Names Barbara Gubitose Senior Vice President, Risk Finance Group

CHICAGO, IL -- (MARKET WIRE) -- July 20, 2005 -- Acordia, Inc., a Wells Fargo Company, is pleased to announce that Barbara Gubitose has accepted the position of Senior Vice President for Acordia's Risk Finance Group. This group specializes in the areas of directors and officers, employment practices, fiduciary liability, crime, and environmental risk identification, evaluation and solutions. In her new role, Gubitose will act as an additional national resource for Acordia and Wells Fargo customers and prospects and will be based in Boston.

Most recently, Gubitose held the position of Senior Vice President for Marsh FINPRO in the Northeast. Prior to that, Gubitose served as the Northeast regional underwriting manager for National Union Fire Insurance Company (AIG) in Boston. She was responsible for the underwriting of all commercial and financial institution management and professional liability business for the region.

"Barbara is a great addition to Acordia's risk finance capabilities," said Nabeel Tanveer, National Practice Leader, Acordia Risk Finance Group. "We are very excited to bring someone on board with such experience, and her background will provide great value to Acordia and Wells Fargo clients."

Acordia and Wells Fargo

Acordia, Inc., headquartered in Chicago, Ill., is the world's fifth largest insurance brokerage and the largest bank-owned insurance brokerage in the U.S., with over 150 offices in 38 states. Its 4,500 insurance professionals place in excess of $8.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products. Acordia is also a member of HLA Global Network. HLA Global, a partnership between London-based Heath Lambert Group and Acordia, Inc., serves as the international arm of Acordia.

Acordia is a subsidiary of Wells Fargo & Company, a diversified financial services company with $436 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,000 stores and the internet ( across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States to receive the highest possible credit rating, "Aaa," from Moody's Investors Service.

Contact Information

    Ellen M. Sievert
    Director of Communications
    Acordia, Inc.