Wells Fargo Insurance acquires EMAR Group

Tue. October 14, 2008; Posted: 05:01 AM

Oct 14, 2008 (Datamonitor via COMTEX) -- WFC | Quote | Chart | News | PowerRating -- Wells Fargo Insurance Services, a part of Wells Fargo & Company, has acquired the EMAR Group, a commercial insurance agency, headquartered in New Jersey. Terms of the agreement were not disclosed.

EMAR works with businesses in diversified industries with a significant concentration in transportation, construction, real estate, and financial institutions industries. EMAR also has access to specialty market programs in small business niches including the limousine services and restaurant industries.

Dave Zuercher, head of international and insurance services group at Wells Fargo, said: "EMAR will significantly expand and build on our commercial insurance capabilities on the east coast. It's another opportunity for Wells Fargo to gain new customers and to achieve our vision of satisfying all of our customers' financial needs and help them succeed financially."

Emil Solimine, the founder of EMAR Group, added: "We've reached a point in the development of our agency that the breadth of products and services provided by Wells Fargo will help bring our business to the next level. The majority of our customers have been with us a long time because we bring honest, experienced people to every relationship, a practice we know we can continue as part of Wells Fargo."

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For full details on Wells Fargo & Co New (WFC) click here. Wells Fargo & Co New (WFC) has Short Term PowerRatings of 5. Details on Wells Fargo & Co New (WFC) Short Term PowerRatings is available at This Link.

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