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Wells Fargo Insurance Services Inc. Acquires AIM Administration Agency

CHICAGO--(BUSINESS WIRE)--Wells Fargo Insurance Services, Inc. - part of Wells Fargo & Company - announced today they have acquired AIM Administration, Inc., a single office, employee benefits insurance brokerage firm located in Salt Lake City, Utah. The acquisition closed on April 1, 2010, and the terms of the transaction were not disclosed.

"By joining Wells Fargo Insurance Services, we have expanded capabilities to better serve our customers and help them protect their businesses and employees," said Brad Kuhnhausen, managing principal of AIM Administration. "We're excited to provide our customers with better access to more financial services and products," said Brad Kuhnhausen, managing principal of AIM Administration.

Serving customers in Utah since 1985, AIM Administration specializes in providing employee benefits services including Group Medical, Group Dental, other related ancillary products and consulting services, as well as a full range of employee benefits programs.

"AIM Administration has a highly respected team of professionals whose strong customer focus fits our business model," said Stu Young, managing director of Wells Fargo Insurance Services, Salt Lake City office. "They will strengthen our growing presence in Utah and further support Wells Fargo Insurance Services and the Wells Fargo commitment to help our customers succeed financially."

Crystal Cowley and Shannon Sagers will be moving to Wells Fargo Insurance Services' Salt Lake City office and serving AIM customers from that location at 1095 East 2100 South, 2nd Floor, telephone (801) 246-4388 or toll free (800) 356-5909. Additionally, John Hepworth will be serving AIM customers from Wells Fargo Insurance Services' Ogden office located at 2389 Washington Boulevard, telephone (801) 626-9800. Finally, Brad Kuhnhausen, managing principal, will be working with Wells Fargo Insurance Services in a consulting capacity, assisting the team members with transitioning the business.

About Wells Fargo Insurance Services

Wells Fargo Insurance Services, Inc. is the fourth largest insurance brokerage in the world and the largest bank-owned insurance brokerage in the U. S. (Business Insurance, 2008) with more than 200 offices in 37 states. Its 9,200 insurance professionals place more than $15.5 billion of risk premiums with experience in property, casualty, benefits, international, personal lines, and life products.

Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

Wells Fargo Third Party Administrators and Wells Fargo Disability Management are ranked as the third largest multiline third party administrators that offer employee benefit, and property and casualty claims administration (Business Insurance.) For more information about Wells Fargo Insurance Services, visit www.wellsfargo.com/wfis.

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