|Wells Fargo Acquires Stetson-Beemer|
Established in 1923, Stetson-Beemer is a commercial property and casualty and employee benefits insurance brokerage and consulting firm. The company provides employee benefits, property and casualty risk management, workers’ compensation and personal auto, home, and life insurance services to various industries.
Last week also, Wells Fargo Insurance Servicesdisclosed the completion of the acquisition of New Jersey-based Procomp Benefit Resources Inc. The financial terms of the deal were not yet disclosed. Established in 1997, Procomp is an employee benefits brokerage and consulting firm, which aims at improving health while reducing the cost of healthcare.
Earlier in September, Wells Fargo also announced its plan to acquire LaCrosse Global Fund Services from Cargill Inc. LaCrosse is an independent hedge-fund administration and middle-office service provider company of Cargill. The deal is subject to certain regulatory approval in several jurisdictions.