St. Louis — Wells Fargo Insurance Services Inc., a Chicago-based, bank-owned insurance brokerage, and a subsidiary of Wells Fargo & Co., acquired St. Louis-based Insurance Brokers of America (IBA).

IBA partners Robert Concannon, Irene Mitchell, Jack Rowe and Jack Engler continue their responsibilities with Wells Fargo Insurance Services. The acquisition closed Feb. 1, 2008.

"We are looking forward to offering expanded services to Insurance Brokers of America's customers as we continue to grow our presence in the St. Louis marketplace," says Ron Brawley, managing director of Wells Fargo Insurance Services office in St. Louis.

Insurance Brokers of America offers several risk management services, including property/casualty and employee benefits coverages. The agency's staff of 11 team members will continue serving customers from their current offices.

"We are pleased to join a well-respected organization that will allow us to expand our insurance and risk management resources for our customers," says Irene Mitchell, president of Insurance Brokers of America. "Our insureds will receive the same great service, but will now have access to more resources to help them succeed financially."

Source: Market Wire

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