SOURCE: Wells Fargo Insurance Services

June 18, 2008 15:06 ET

Wells Fargo Names John Grotts SVP and Business Development Manager

CHICAGO, IL--(Marketwire - June 18, 2008) - Wells Fargo Insurance Services, Inc. announces the addition of John Grotts as senior vice president and business development manager for their San Francisco Bay Area region. He will be based in the firm's San Francisco office.

In his new role, Grotts will be responsible for cross-selling Wells Fargo Insurance Services in the Bay Area region. Additionally, he will lead a team of account executives in the San Francisco Commercial Lines Department.

"John is a seasoned insurance executive whose experience and leadership make him a valuable asset to our growing Bay Area team and to our customers," stated Mark Stokes, managing director for the San Francisco office. "His successful track record in customer retention will help us to maintain the highest levels of customer service and satisfaction."

Prior to joining Wells Fargo Insurance Services, Grotts was CEO of Willis Insurance Services of California where he dramatically improved customer retention, revenues and profit margin. He also served as a regional director for Aon Risk Services and was responsible for 11 middle market offices in Texas, Oklahoma, New Mexico, and Louisiana. Grotts began his career as a risk manager for Jung Partners Securities, the Clorox Company and Fresno Unified School District.

"John has had a long, successful career in San Francisco and is very well respected in our industry," notes H. David Wood, Senior Vice President and Regional Managing Director for Wells Fargo Insurance Service's West Region. "He has been a fixture in and around the Bay Area business community for more than 20 years and I am truly excited that he has joined the Wells Fargo team."

Grotts has earned professional designations as a Chartered Property and Casualty Underwriter (CPCU) and Associate in Risk Management (ARM). He received his bachelor's and master's degrees from Fresno State University.

Grotts is actively involved in the San Francisco community, maintains professional memberships in the Risk and Insurance Management Society (RIMS) and California Manufacturers Association (CMA), and is a Certified Self-Insurance Administrator - State of California.

Wells Fargo Insurance Services, Inc. is the fifth-largest insurance brokerage and the largest bank-owned insurance brokerage in the United States, with more than 170 offices in 37 states. Its 5,200 insurance professionals place more than $11.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products. For more information about Wells Fargo Insurance Services, visit www.wellsfargo.com/wfis.

Wells Fargo & Company is a diversified financial services company with $595 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) 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."

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