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The brokerage network, part of (NYSE: WFC) said the deal closefd June 1. Terms were not According to has been in businesssince 1999, when it was founde d by John Grady, and focuses exclusively on healtb and benefits insurance, with customers in the hospitality, health-care, auto sales and home development niches. Grady is now managingb director ofemployee benefits. Wellsw Fargo Insurance Services isthe world’s fifth-largest insuranc brokerage and the nation’s largest bank-owned according to Business Insurance magazine’s 2008 list, with more than 200 officezs in 37 states.
The brokerage network has been on a buying spree Itbought Novato’s and in early and about a month before that acquired Walnuyt Creek-based , an employee benefits consulting firm that also has officees in Houston and Seattle, among other deals in recent
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