Wells Fargo Insurance, the fifth largest broker in the world and part of Wells Fargo & Company (NYSE: WFC), has named Laurie Nordquist head of its Personal and Small Business Insurance (PSBI) division. Effective December 16
, Nordquist will lead a team dedicated to providing auto, home, renters, life and health, and umbrella insurance products to consumers as well as property, liability, and other insurance solutions to small businesses. Based in Minneapolis, she succeeds Anne Doss and will report to Laura Schupbach, head of Wells Fargo Insurance.
“Growing Personal and Small Business Insurance is a natural fit in Wells Fargo’s vision to help our customers succeed financially. In the case of insurance, we are helping them to protect what they value most,” said Schupbach. “Laurie’s experience leading the Institutional Retirement and Trust division and the strong relationships she’s developed throughout the bank will be tremendous assets to the business. She brings extensive sales, business, operations, call center management and marketing experience to this role. I look forward to working with her and our highly talented insurance team as we strengthen the business and provide our customers with the insurance products and services they need.”
Most recently, Nordquist was executive vice president and director for Wells Fargo Institutional Retirement and Trust (IRT). In her role, she managed sales, investments, participant services, and product strategy for the business, providing services to more than 5,200 retirement plans representing over 3.8 million participants as well as custody and investment services to corporations and foundations. Joe Ready, executive vice president and director of Wells Fargo Institutional Retirement and Trust will now become the sole director of Wells Fargo’s institutional retirement business and continue to report to John Papadopulos, head of Wells Fargo Retirement.
Nordquist joined Wells Fargo in 1990, serving in leadership positions overseeing sales and client servicing and was appointed head of the retirement business in 2003. Prior to joining Wells Fargo, she held positions in human resources and the retirement businesses at Minnesota Mutual Life and Marquette Banks.