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February 9, 2011updated 13 Apr 2017 8:50am

Wells Fargo Insurance blazes acquisition trail

A unit of US bank Wells Fargo & Company, WFIS report that it now ranks as the fifth largest insurance brokerage in the world and the largest bank-owned insurance brokerage in the US

By LII editorial

US insurance brokerage Wells Fargo Insurance Services (WFIS) has acquired JFK Consulting Group, an independent brokerage focused on markets in the states of Kansas and Missouri.

It marks yet another step along an acquisition trail being followed by WFIS which has since February 2010 acquired four independent insurance broking firms.

A unit of US bank Wells Fargo & Company, WFIS report that it now ranks as the fifth largest insurance brokerage in the world and the largest bank-owned insurance brokerage in the US. According to WFIS, its 9,200 broking employees place more than $16bn of risk premiums annually across the life and general insurance sectors.

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