Wells Fargo Insurance Services, Inc. · Chicago, IL United States
Company Description
Phone: 312-423-2500
Fax: 312-423-2508
View Wells Fargo Insurance Services, Inc. Locations On A US Map
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This link will open in a new window Wells Fargo Insurance Services (formerly Acordia) gives insurance companies the business. The firm, a subsidiary of financial services biggie Wells Fargo , is one of the five largest insurance brokers in the world (behind giants such as Aon and Marsh & McLennan ). The company offers a full line of property/casualty coverage, including specialty coverage for professionals in the construction, entertainment, health care, and transportation industries, as well as life and health products for individuals and groups. Other services include consulting, claims administration, benefit program structuring, and risk management services. It operates in the US from some 200 retail agency locations in more than 35 states. To read the full description, subscribe now.
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Key Wells Fargo Insurance Services, Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 8,176 |
Wells Fargo Insurance Services, Inc. Executives
54 executives listed for Wells Fargo Insurance Services, Inc.'s Chicago, IL location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | David Zuercher | Network |
| Vice Chairman | Frank Witthun | Network |
| SVP Operations | Deborah Broderick | Network |
Competition
Competitive Landscape for Wells Fargo Insurance Services, Inc.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Wells Fargo Insurance Services, Inc. Competitors
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