SAN FRANCISCO--()--Wells Fargo Insurance1, part of Wells Fargo & Company (NYSE: WFC), today announced that Neal Aton, head of its Centralized Insurance Business, has been named president and chairman of the American Bankers Insurance Association (ABIA) for the 2013 term year. Aton was officially introduced as the new chairman at the association’s annual conference earlier this week held in Phoenix, Ariz.
“I’m honored and excited to lead the ABIA”
“I’m honored and excited to lead the ABIA,” Aton said. “Everyone needs insurance – from middle market and large corporations to small businesses and consumers. Those of us who are part of a financial institution recognize the opportunities we have to serve as a centralized banking resource as well as to provide the insurance coverage our customers needed to protect everything from their companies to their families.”
The American Bankers Insurance Association is the separately chartered insurance subsidiary of the American Bankers Association. As the only Washington, D.C. based full service association for bank-insurance interests, ABIA is dedicated to furthering the policy and business objectives of banks in insurance. Aton will play a vital role in appointing committees, establishing priorities, and leading the strategic initiatives of this major industry association.
Aton joined Wells Fargo Insurance, as president in 2005 and oversaw the development of its full-service, nationwide insurance sales and service centers, lender services, crop insurance sales, and credit insurance businesses. Between 2009 -2011, Aton also led Wells Fargo Insurance’s commercial insurance brokerage and, in 2012, solely led the consumer business. Before coming to Wells Fargo, Aton headed the American Medical Association’s (AMA) insurance agency. Prior to that, he was with Avco Financial Services, where he presided over 10 insurance companies operating in nine countries.
Aton earned his B.S. degree in business administration from Villanova University in Pennsylvania, and his M.B.A. from the Harvard Graduate School of Business in Cambridge, Mass.
He is an active leader in community organizations focused on child welfare, as well as intervention for child neglect and abuse.
About Wells Fargo Insurance
Wells Fargo Insurance is the fifth largest insurance broker in the world2 (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