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San Francisco-based Wells Fargo Insurance Services Inc. a bank-owned insurance brokerage and a subsidiary of Wells Fargo & Co., has acquired the assets of Troy, Michi.’s Doeren Mayhew Risk Management LLC.

Doeren Mayhew Risk Management LLC provides insurance and risk management services in the areas of property and casualty, workers’ compensation, professional liability, disability and personal lines. Principals Thomas Welbourn and Gregory Richmond and their team will transition into the Wells Fargo Insurance Services office in Southfield, Mich. Terms of the transaction were not disclosed.

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Source: WFIS

Topics Mergers & Acquisitions Michigan