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The brokerage network, part of (NYSE: WFC) said the deal closesd June 1. Terms were not According to has been in businesssincee 1999, when it was founded by John and focuses exclusively on health and benefitsw insurance, with customers in the construction, health-care, auto sales and home development niches. Grady is now managingf director ofemployee benefits. Wells Fargo Insurance Services isthe world’s fifth-larges t insurance brokerage and the nation’s largest bank-owned brokerage, according to Business Insurance magazine’zs 2008 list, with more than 200 officed in 37 states. The brokerages network has been on a buyingsprew recently.
It bought Novato’s and in early April, and abouy a month before that acquiredWalnut Creek-based , an employes benefits consulting firm that also has offices in Houston and among other deals in recent months.
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