SOURCE: Acordia, Inc.

March 15, 2006 12:51 ET

Acordia Promotes Paul Baldwin to Managing Director of Its Southern Calif., Ariz. and Nevada Insurance Brokerage Operations

CHICAGO, IL -- (MARKET WIRE) -- March 15, 2006 -- Acordia, the insurance brokerage subsidiary of Wells Fargo & Co., has promoted Paul Baldwin to Managing Director for all of its insurance brokerage operations in overseeing Southern Calif., Ariz. and Nevada.

"Southern California, Arizona and Nevada are important growth points for Wells Fargo and Acordia. Our customer's businesses are growing and we have made a commitment to them to continue to improve our services and capabilities in those key areas to better serve their needs," said H. David Wood, Senior Vice President, Regional Managing Director for Acordia's West Region. "Paul Baldwin and his team have an outstanding track record for growth of services, capabilities and revenues. The expansion of Paul's responsibilities will keep us on that path to being number one with our customers."

Prior to joining Acordia, Paul was employed as a Vice President for Aon Risk Services of Arizona from 1999-2003 where he was a top performing new business consultant each year. From 1996-1999, he was employed with Federated Insurance as the Regional Manager of Automotive Specialty in their 10-State Western territory. From 1990-1996, he worked for Universal Underwriters Group, a Zurich Company, as both a Producer and Regional Manager in Michigan where he was responsible for operating a $20 million profit center specializing in automobile dealership insurance, floorplan inventory, finance, warranty and business succession. In addition, he was a consultant for more than a dozen state auto dealer associations nationally.

In the past two years, his office was awarded the prestigious "Acordia President's Circle of Excellence" award for outstanding financial results in Growth and Profitability.

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 $482 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,200 stores and the internet (wellsfargo.com) 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. For more information about Acordia, visit www.acordia.com or call 312.423.2531.

Contact Information

  • CONTACT:
    Ellen M. Sievert
    Director of Communications
    Acordia, Inc.
    312.423.2531