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Wells Fargo Insurance blazes acquisition trail

A unit of US bank Wells Fargo & Company, WFIS report that it now ranks as the fifth largest insurance brokerage in the world and the largest bank-owned insurance brokerage in the US…

Prudential Financial exits broking joint venture

Unwinding a partnership not of its making, US bank Wells Fargo has paid life insurer Prudential Financial $4.5 billion in cash to purchase the life insurers 23 percent stake in Wells Fargo Advisors (W…

Reverse mortgages under fire in the US

At least two major life insurers have been named in a damning report on the US reverse mortgage market undertaken by non-profit consumer advocacy organisation the National Consumer Law Center (NCLC).T…

Wells Fargo furthers insurance goals

Pursuing an ambitious growth strategy in the insurance market, US bank Wells Fargo has announced an acquisition which will provide it with an entry into premium financing This adds to an existing line…

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