Industry veteran will lead business development in directors and officers liability insurance
SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo Insurance1 – part of Wells Fargo & Company (NYSE: WFC) – today announced that Kevin Ishizu has joined the division’s Professional Risk Group to lead sales and service for the directors and officers insurance (D&O) product line. In his role, Ishizu, a senior vice president, will lead D&O insurance growth initiatives, as well as oversee technical support, risk identification and assessment, and claims management services. Based in San Francisco, Ishizu will report to Simon Hodge, head of the national Professional Risk Group at Wells Fargo Insurance.
Kevin Ishizu, Wells Fargo Insurance (Photo: Business Wire)
With nearly 20 years of insurance brokerage experience in the D&O liability insurance industry, all of which has been spent in the Bay Area and focused on working with technology and life sciences industry clients, Ishizu joins Wells Fargo from Risk Placement Services. Prior to that, Ishizu was a senior managing director at Carpenter Moore / NASDAQ before starting an executive liability insurance practice for Barney & Barney.
“As companies and their corporate executives face increasing pressure from shareholders, regulators and other constituencies to better manage risk, it’s absolutely critical that they successfully manage their directors and officers liability risk exposures,” said Hodge. “Kevin brings tremendous industry expertise, product knowledge and technical ability to this role. I’m confident his extensive background in this highly specialized area, combined with his outstanding relationship management skills, will greatly benefit our clients and the Professional Risk Group.”
The Professional Risk Group is a national practice dedicated to managing specialized management and professional liability insurance products. The group works with clients to identify risks and design cost-effective solutions to reduce liability and maximize protection.
About Wells Fargo Insurance
Wells Fargo Insurance2 is the fifth largest insurance broker in the world (Business Insurance, 2012). With 160 offices in 36 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 7,200 insurance professionals of Wells Fargo Insurance write $20 billion of risk premiums annually in property, casualty, benefits, international, personal lines, and life products.
About Wells Fargo & Company
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 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, 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 approximately 265,000 full-time equivalent team members, Wells Fargo serves one in three households in United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.
1 Wells Fargo Insurance includes Wells Fargo Insurance Services USA, Inc. and Wells Fargo Insurance Services of West Virginia, Inc.
2 Ranking includes Wells Fargo Insurance Services, USA, Inc., Wells Fargo Insurance, Inc., and Rural Community Insurance Company
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Wells Fargo & Company
Katie Ellis, 415-222-3767
Source: Wells Fargo & Company