Wells Fargo Insurance, the fifth largest broker in the world and part of
Wells Fargo & Company (NYSE: WFC), has named Laurie Nordquist head of
its Personal and Small Business Insurance (PSBI) division. Effective
December 16th , Nordquist will lead a team dedicated to
providing auto, home, renters, life and health, and umbrella insurance
products to consumers as well as property, liability, and other
insurance solutions to small businesses. Based in Minneapolis, she
succeeds Anne Doss and will report to Laura Schupbach, head of Wells
Fargo Insurance.
“Growing Personal and Small Business Insurance is a natural fit in Wells
Fargo’s vision to help our customers succeed financially. In the case of
insurance, we are helping them to protect what they value most,” said
Schupbach. “Laurie’s experience leading the Institutional Retirement and
Trust division and the strong relationships she’s developed throughout
the bank will be tremendous assets to the business. She brings extensive
sales, business, operations, call center management and marketing
experience to this role. I look forward to working with her and our
highly talented insurance team as we strengthen the business and provide
our customers with the insurance products and services they need.”
Most recently, Nordquist was executive vice president and director for
Wells Fargo Institutional Retirement and Trust (IRT). In her role, she
managed sales, investments, participant services, and product strategy
for the business, providing services to more than 5,200 retirement plans
representing over 3.8 million participants as well as custody and
investment services to corporations and foundations. Joe Ready,
executive vice president and director of Wells Fargo Institutional
Retirement and Trust will now become the sole director of Wells Fargo’s
institutional retirement business and continue to report to John
Papadopulos, head of Wells Fargo Retirement.
Nordquist joined Wells Fargo in 1990, serving in leadership positions
overseeing sales and client servicing and was appointed head of the
retirement business in 2003. Prior to joining Wells Fargo, she held
positions in human resources and the retirement businesses at Minnesota
Mutual Life and Marquette Banks.
About Wells Fargo Insurance
Wells Fargo Insurance1 is the fifth largest insurance broker
in the world (Business Insurance, 2013). With 124 offices in 36 states
including D.C., Wells Fargo Insurance 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).
About Wells Fargo & Company
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.5 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., Wells Fargo
Insurance, Inc., and Rural Community Insurance Company
Copyright Business Wire 2013