SOURCE: Wells Fargo Insurance Services, Inc.

September 20, 2007 16:22 ET

Wells Fargo Promotes Paul Baldwin to Chief Operating Officer of Its American E & S Operations

CHICAGO, IL--(Marketwire - September 20, 2007) - Wells Fargo Insurance Services has promoted Paul Baldwin to the position of Chief Operating Officer (COO) of its American E & S (AES) operations.

In his new role, Baldwin will take an active role in strategic business development within American E & S. His primary focus will be to support and grow cross-sell opportunities within Wells Fargo Insurance Services, plan and direct sales programs to develop new customers, and work with the executive management committee in setting short and long term strategic goals and objectives.

"Paul's exceptional sales and management skills will help us expand and grow our business nationally as well as through Wells Fargo Insurance Services cross-sell," said Denis Brady, President for AES. "We are looking to Paul to identify additional revenue sources, potential new hires, new business acquisitions as well as work with our executive team to achieve even greater success. I believe that Paul will be a valuable addition to American E&S and look forward to working closely with him."

Prior to joining Wells Fargo Insurance Services, Baldwin 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.

About American E & S (www.aesbrokers.com)

Since 1980, American E & S, headquartered in San Francisco, Calif., has provided an important link between insurance brokers and specialty markets. AES is committed to providing professional specialty products and services by building partnerships with their brokers and their markets. AES prides itself on giving their brokers the most timely, accurate and affordable solutions to their market needs.

About Wells Fargo Insurance Services (www.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