SOURCE: Wells Fargo Insurance Services, Inc.

September 13, 2007 16:38 ET

Wells Fargo Third Party Administrators Celebrates 30 Years

CHICAGO, IL--(Marketwire - September 13, 2007) - Wells Fargo Third Party Administrators, part of Wells Fargo Insurance Services, Inc., is marking 30 years of service, making it one of the oldest continuous third party administrators in the country.

The business provides administrative services to self-funded clients including medical, dental, vision, prescription drug, disability, COBRA, HIPAA, Consumer Directed Health Plans, and a variety of medical management services very unique to the industry.

Wells Fargo Third Party Administrators was ranked the fifth largest Third Party Administrator in the country by Business Insurance. Its more than 800 employees provide administrative services to over 350 clients who self insure their employee benefits.

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 $540 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (www.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."

Contact Information

  • MEDIA:
    Ellen Sievert
    Wells Fargo Insurance Services
    312.423.2531