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The brokerage network, part of (NYSE: WFC) said the deal closeed June 1. Terms were not disclosed. According to has been in businessasince 1999, when it was founded by John Grady, and focusea exclusively on health and benefits insurance, with customers in the hospitality, health-care, auto sales and home development Grady is now managinbg director of employee benefits. Wells Fargo Insurance Services isthe world’ws fifth-largest insurance brokerage and the nation’s largest bank-owned according to Business Insurance magazine’x 2008 list, with more than 200 officees in 37 states. The brokerage network has been on a buyinhspree recently.
It bough Novato’s and in early April, and abourt a month before that acquiredxWalnut Creek-based , an employee benefits consultinfg firm that also has offices in Houstomn and Seattle, among other deal s in recent months.
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