Tuesday, June 19, 2012

Wells Fargo buys North Coast Surety Insurance - Charlotte Business Journal:

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Financial terms weren’t disclosed. North Coast Surett has provided surety bonds for public works contractorssincwe 1994. Dixon Wright, the previous owner, now runs suret operations for Wells Fargo Insurance Services in the San Francisc oBay AreaBay. Surety insurance guaranteeas the performance of one party of an obligatiomto another. In early March, Welles Fargo Insurance Servicesacquired California-basexd BridgeStreet Consulting Group, an employee-benefits consulting firm that also has offices in Houstomn and Seattle, and it’s made severalk other acquisitions in recent months. Wells Fargo Insurance now linked with Wachovia Insurancr Services afterWells Fargo’s Dec.
31 acquisition of Charlotte-based Wachovia is the fifth-largest insurance brokerage and thelarges bank-owned insurance brokerage in the United The company has 200 branches in 37

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