SOURCE: Wells Fargo Insurance Services, Inc.

September 13, 2007 16:47 ET

Wells Fargo Names Tom Hite Regional Business Development Officer

CHICAGO, IL--(Marketwire - September 13, 2007) - Wells Fargo Insurance Services has appointed Thomas H. Hite to the position of Regional Business Development Officer for Wells Fargo Insurance Services' Mid-Atlantic region. Hite will be based in South Carolina.

In his new role, working closely with Mark Pinkowski, Managing Director, National Cross-sell Practice Leader, Hite will be responsible for cross-selling Wells Fargo products in the Mid-Atlantic region and building a retail brokerage operation in Charleston, South Carolina.

Larry Sorensen, Managing Director, National Program Practice will be assuming Hite's responsibilities with regard to enterprise relationships with Wells Fargo Insurance Services' major insurance carriers.

Hite has over 30 years of experience in the insurance industry, most recently as Managing Director, National Practice Leader Property & Casualty for the company. Prior to that, Hite held many positions with Zurich North America including Executive Vice President of Corporate Marketing; Executive Vice President of Corporate Development; President of Zurich International, and Senior Vice President, International Department.

"Tom's vast knowledge and experience in insurance will help us grow our brokerage group in the South Carolina office," said Andy Paterno, Regional Managing Director, Mid-Atlantic Region. "With Tom's expertise we expect our cross-sell results to increase significantly."

Hite earned a bachelor of science degree from Westminster College in Pennsylvania and has done graduate studies at Ohio State University. He has also completed an Advanced Executive Education Program, as well as AICPCU and CPCU courses.

About Wells Fargo Insurance Services (wellsfargo.com/wfis)

Wells Fargo Insurance Services, formerly Acordia, Inc., 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 $10.5 billion of risk premiums with expertise in property, casualty, benefits, international, personal lines and life products. Wells Fargo acquired Acordia in May of 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 6,100 stores and the internet (www.wellsfargo.com) 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, "AAA+," from Standard & Poor's Ratings Services.

Contact Information

  • MEDIA
    Ellen Sievert
    Wells Fargo Insurance Services
    312.423.2531

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