Wells Fargo Insurance, part of Wells Fargo & Company (NYSE: WFC), was
named North America’s Best Insurance Broker by Global Finance as
part of the magazine’s annual Best Global Insurers awards program. Winners
were selected based on responses from more than 1,200 readers around the
world and a panel of risk management and financial executives from major
global companies.
“Insurance is a core business in Wells Fargo’s mission to help our
customers succeed financially by protecting what they value most,” said
Laura Schupbach, head of Wells Fargo Insurance. “We are honored to
receive this award by Global Finance. We have some of the most
talented team members in the industry, and this award recognizes their
commitment to provide our customers with excellent service.”
“As they operate in an increasingly complex and competitive environment,
businesses in all parts of the world must find ways to address larger
and more challenging exposures. Meanwhile, insurance companies must
continually assess their own risk portfolios to maintain their financial
security as they develop solutions to help clients address emerging
exposures,” said Joseph D. Giarraputo, president and publisher, Global
Finance. “The survey findings offer insights that may be useful to
readers as they make critical choices about their risk management
strategies and providers. We congratulate this year’s winners and thank
our survey participants and panelists for their assistance.”
The survey focused exclusively on property and casualty insurance lines
and did not address life and health insurance issues. Survey
participants and the 13 panelists were asked to select insurers in each
of the categories according to the following criteria:
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Innovation/Creativity - the ability to develop and offer meaningful
solutions to risk issues.
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Capacity, pricing and coverage terms.
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Financial security/stability as qualified by various ratings agencies
where available, and buyer or insurance broker perceptions when
ratings are not available.
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Reach - the availability of underwriting or service resources on the
ground in areas where risks exist and coverage is provided.
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Service delivery, especially with respect to claims handling, but also
in terms of pre-loss service capabilities, such as loss control.
Wells Fargo has been serving the insurance needs of consumers, wealth
clients, small businesses, middle market and corporate clients since
1903. As the fifth largest insurance brokerage firm in the world1,
Wells Fargo Insurance operates from 124 offices in 36 states including
D.C. The company provides solutions for a wide range of customers,
including retail consumers, high net worth individuals, small
businesses, as well as middle market and large corporate customers. The
6,600 insurance professionals of Wells Fargo Insurance write or place
$15 billion of risk premiums annually in property, casualty, benefits,
international, personal lines, and life products and also includes the
nation’s largest crop insurance provider, Rural Community Insurance
Services (RCIS).
For more information on Wells Fargo Insurance visit www.wellsfargo.com/wfis.
About Wells Fargo & Company
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s
customers who conduct business in the global economy. With more than
270,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 25 on
Fortune’s 2013 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy all our customers’ financial needs and help
them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com.
1 Ranking includes Wells Fargo Insurance Services USA,
Inc., Wells Fargo Insurance Services of West Virginia, Inc., and Rural
Community Insurance Company (Business Insurance, 2013)
Copyright Business Wire 2013