Wells Fargo Agrees to Sell Commercial Insurance Business to USI Insurance Services
"The sale of the commercial insurance business reinforces Wells Fargo's focus on core banking products and services that best meet the needs of our customers and support strong financial returns for shareholders," said
WFIS provides small business, middle market, large corporate and high net worth clients with property and casualty, professional risk, employee benefits, private risk solutions and targeted insurance programs to specialized industries.
USI is headquartered in
"I'm confident USI is an excellent fit for our clients and our team members, and I'm excited about the opportunities we will have by bringing together our exceptionally strong and experienced teams," said
In conjunction with the sale of the commercial brokerage business, the
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USI is a leading local and national insurance brokerage and consulting firm, delivering property and casualty, employee benefits, personal risk and retirement solutions throughout
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