SOURCE: Wells Fargo Insurance Services

August 20, 2007 17:57 ET

Wells Fargo Insurance Services Names Steve Smith Managing Director of Its North Carolina Operations

CHARLOTTE, NC--(Marketwire - August 20, 2007) - Wells Fargo Insurance Services has named Steve Smith Senior Vice President, Managing Director of its North Carolina operations. Smith replaces Bob Ludwig, who will now focus his efforts in the Virginia market. Wells Fargo Insurance Services of North Carolina, Inc. has operations in Charlotte, Burlington and Asheville.

Smith comes to this position with 13 years of insurance industry experience. Prior to joining Wells Fargo Insurance Services in 2006, Smith held leadership positions with CNA Financial, The Hartford and Sun Life Financial. Most recently he was Regional Vice President of the Northeast Region for Sun Life.

"Steve brings a proven track record of effective sales management and growth to his new role," said John Meehan, Senior Vice President of Brokerage Operations for Wells Fargo Insurance Services Mid-Atlantic. "We have plans for significant growth in the North Carolina market, including expanding existing locations and adding new offices throughout the state. We are very fortunate to have Steve leading our efforts in this strategic market."

Smith received a degree in psychology from Denison University in Granville, Ohio.

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 $486 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 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."

Contact Information

    Ellen Sievert
    National Director, Corporate Communications
    Wells Fargo Insurance Services