SAN FRANCISCO - September 5, 2013
As healthcare reform continues to alter the employee benefits landscape, Wells Fargo Insurance, part of Wells Fargo & Company (NYSE: WFC), continues to strengthen its national employee benefits division. The company announced today that Tim Prichard is the new head of its National Employee Benefits Practice and will report to Laura Schupbach, head of Wells Fargo Insurance. Prichard will lead a nationwide team that provides insurance placement, health and productivity risk management, benefits administration, and healthcare reform compliance.
“As our customers continue to navigate healthcare reform, we want to provide them with the benefit resources and solutions they need,” said Schupbach. “Employee Benefits is an increasingly important area for our customers and Wells Fargo Insurance. I’m confident that with Tim’s extensive experience and leadership, our business will grow as we provide more customers with effective and competitive benefit plans.”
Prichard joined Wells Fargo Insurance in 2009 when BridgeStreet, a boutique insurance and actuarial consulting company he co-founded, was acquired by the company. Prior to founding BridgeStreet in 2004, Tim held national practice leadership roles and managed regional sales teams for both insurance companies and consulting firms. He received his bachelor’s degree in political science from Texas A&M University.
“I’m excited to lead a practice that can have a big impact in helping our customers succeed financially,” said Prichard. “Healthcare reform has made benefits planning a larger financial decision, and Wells Fargo Insurance is well suited to provide advice and insurance solutions that can help positively impact a company’s financial health.”
Wells Fargo’s National Employee Benefits Practice includes 1,000 employee benefit professionals across the country. The practice offers Wells Fargo Insurance’s Health Care Reform Analyzer service to help employers prepare for the impact of healthcare reform.
Prichard succeeds Todd Renner who will remain with Wells Fargo Insurance as he leads efforts to develop the company’s Healthcare Exchange Strategy. Renner will report to Todd Wartchow, head of Wells Fargo’s Insurance Strategy and Analytics team. Prichard and Renner will work jointly to bring together the business’ broad and growing benefits capabilities for its customers.
For more information on Wells Fargo Insurance visit www.wellsfargo.com/wfis.
About Wells Fargo Insurance
Wells Fargo Insurance is the fifth largest insurance broker in the world (Business Insurance, 2013). With 127 offices in 37 states, Wells Fargo Insurance provides solutions for a wide range of customers, including retail consumers, high net worth individuals, small businesses, as well as middle market and large corporate customers. The 7,000 insurance professionals of Wells Fargo Insurance write or place $15 billion of risk premiums annually in property, casualty, benefits, international, personal lines, and life products and also includes the nation’s largest crop insurance provider, Rural Community Insurance Services (RCIS).
About Wells Fargo & Company
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.