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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.

Following the closure of the deal, Wells Fargo will not only get the advantage of experienced employees of Stetson-Beemer, but also the established status of the strong insurance brokerage business in Reno and Northern Nevada. Moreover, Wells Fargo’s position will be strong in Nevada and its clients will get financial help according to their insurance needs.

Concurrently, joining hands with Wells Fargo Insurance Services boosted Stetson-Beemer’s abilities while also providing its clients full advantages in the changing environment. Further, Stetson-Beemer’s clients will get the benefit of more resources, financial services, and products while receiving services as before.

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 alsoannounced 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.

Capital Soup » Blog Archive » Florida Office of Insurance Regulation ...

TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty today announced the following staff changes at the Florida Office of Insurance Regulation (Office):

Richard Koon has been appointed Deputy Commissioner for Property & Casualty, succeeding Al Willis who has accepted a position as the Assistant Division Director of the Division of Rehabilitation and Liquidation under the Department of Financial Services. Koon has over 20 years of insurance regulatory and management experience. He has expertise in personal and commercial lines of property and casualty insurance, including workers’ compensation, private passenger automobile and homeowners’ insurance. He was most recently the Director of the Property & Casualty Product Review unit. He received a Bachelor of Science degree in Risk Management and Insurance from Florida State University. In his new role, he will oversee both the Product Review and Financial Oversight units for Property & Casualty.

Belinda Miller has been appointed the General Counsel. Miller assumed the role of acting General Counsel in February 2011 following the retirement of Steve Parton. Miller had been the Deputy Commissioner for Property & Casualty since 2006, and has more than 20 years of experience in insurance regulation and receiverships. Miller received her Bachelor of Arts degree with an major in International Studies from Emory University, and has a Juris Doctor from Florida State University.

Toma Wilkerson has been appointed Director of Life & Health Financial Oversight. She assumed the role of acting Director since March 2011. Wilkerson was formerly the Financial Administrator in the Life & Health Financial Oversight unit. She has worked in the field of life and health insurance company regulation since 1996, both in the Office of Insurance Regulation and the Agency for Healthcare Administration (AHCA). Wilkerson graduated from the University of West Florida with a Bachelor of Arts degree in Business, and has achieved the Certified Public Manager (CPM) designation.

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