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CHICAGO—Wells Fargo Insurance Service USA Inc. has adopted a new regional structure, parent Wells Fargo & Co. announced Thursday.
The Chicago-based insurance operation, which previously operated out of 15 regional offices, now will consist of seven regions with about 160 local offices.
Kevin Kenny, executive vp with Wells Fargo Insurance, will head the group.
“This new structure more strategically connects our offices within each market and across the U.S. and better aligns the insurance division with other Wells Fargo business units,” Mr. Kenny said in a statement. “As we continue to focus on cross-sell, the new model provides greater opportunity for our insurance executives to partner with other Wells Fargo business lines and identify the right products and services for our customers.”
Wells Fargo ranked fifth on the 2011 Business Insurance list of the world's largest brokers.