DALLAS--()--In an effort to better serve its expanding customer base in the Southwest, Wells Fargo Insurance1 – part of Wells Fargo & Company (NYSE: WFC) – named Howard McClure regional managing director for its Southwest operations, which includes Arkansas, Colorado, Louisiana, Oklahoma, New Mexico and Texas. In his role, McClure oversees eight offices and approximately 235 team members who provide insurance services to Wells Fargo’s business banking, middle market, large corporate, and high net worth customers in the region. He is based in Dallas and reports to Kevin Kenny, head of Wells Fargo’s Insurance Brokerage and Consulting group.
“The Southwest is an extremely important market for Wells Fargo Insurance and we will continue to invest in the resources and talent to strengthen our operations.”
Under McClure’s leadership, Wells Fargo Insurance will focus on growing its property and casualty, employee benefits and private risk management services throughout the Southwest, one of the fastest growing regions for the business. The team will also focus on select industry groups including hospitality, and real estate and expanding its insurance operations in the major metropolitan markets including Dallas, Houston and Denver.
“While we will continue to grow our property and casualty and employee benefit practices, I see tremendous opportunities to introduce and expand new areas of expertise, including energy and real estate,” said McClure. “As we partner with other Wells Fargo business lines in the Southwest, we continue to identify and serve the insurance needs of our customers in this very important region.”
Earlier this year, Wells Fargo Insurance introduced a new regional structure which includes seven regions and approximately 160 local offices. The new structure better aligns the company’s insurance operations within each market and across the U.S. to other Wells Fargo business units.
“Under Howard’s leadership, the team is expanding resources and expertise to address and best serve the insurance needs of our customers throughout the region,” said Kenny. “The Southwest is an extremely important market for Wells Fargo Insurance and we will continue to invest in the resources and talent to strengthen our operations.”
To support its growth strategy in the Southwest, McClure plans to actively recruit top talent in the region. Most recently, the company hired Jon Lindstrom as a sales executive focusing on real estate and Charles Taylor as the lead in Private Client Services. Both are based in Denver.
Before the restructure, McClure was the regional managing director for the Carolina’s region of Wells Fargo Insurance. Prior to joining Wells Fargo in 2008, he led the southern region for Wachovia Insurance Services. With over 31 years of experience managing financial-service operations, McClure has worked in locations including Singapore, Seattle, Dallas and Atlanta.
About Wells Fargo Insurance
Wells Fargo Insurance2 is the fifth largest insurance broker in the world (Business Insurance, 2012). With 160 offices in 36 states, Wells Fargo Insurance provides solutions for a wide range of customers, including retail consumers, high net worth individuals, small businesses, as well as middle market and large corporate customers. The 7,200 insurance professionals of Wells Fargo Insurance write $20 billion of risk premiums annually in property, casualty, benefits, international, personal lines, and life products.
About Wells Fargo & Company
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With approximately 265,000 full-time equivalent team members, Wells Fargo serves one in three households in United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.
1 Wells Fargo Insurance includes Wells Fargo Insurance Services USA, Inc. and Wells Fargo Insurance Services of West Virginia, Inc.
2 Ranking includes Wells Fargo Insurance Services, USA, Inc., Wells Fargo Insurance, Inc., and Rural Community Insurance Company