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Risk Management Practice  
 
Today's business environment requires an increasing level of discipline in its risk management approach. Media examples routinely illustrate insufficient attention to risk exposures and their attendant consequences - with the sub-prime mortgage crisis and Hurricane Katrina business continuity impacts as recent examples. The difference between business success and failure often points to the imperative for accurate and efficient risk management to best protect assets and minimize loss. It's clear that effective risk management is more critical in business today than ever before.

We understand and appreciate the complex world our Fortune 1000 clients live in. Why? We have been in your shoes... several of our risk management professionals have significant experience as risk management leaders for large corporations. We clearly recognize the significant time constraints and growing business demands of Risk Managers, Treasurers, CFO's and others charged with risk management oversight. And so we offer a meaningful solution - a Risk Management Practice grounded in customization to your business and topped off with practical large company experience. In addition, with local offices spread across the country, we are close to our clients providing unique, responsive, and distinctive service from a stable base of industry recognized risk management professionals.

Risk Management Practice: Our Capabilities Our Risk Management Practice can provide your Fortune 1000 business with the expertise of our experienced risk management professionals. Wells Fargo Insurance Services and ABD (a Wells Fargo Company) provide comprehensive risk management services ranging from risk management consulting to integrating our risk management professionals directly into your business. Our risk management consultants can guide you through the principles of risk management, providing expertise specific to your industry, resulting in an integrated risk management strategy tailored to your business needs.

Our Risk Management professionals execute a number of valued services for our large global clients. These include, but are not limited to:
  • Insurance Procurement
  • International Risk Management / Global Solutions
  • Enterprise Risk Management
  • Claims Management Services
  • Contract Review
  • Risk Retention Analysis
  • Certificate Management
  • Risk Identification and Assessment
  • Risk Control
  • Business Continuity
  • Loss Forecasting
  • Captive Feasibility & Alternative Risk Solutions
  • Acquisition & Divestiture Due Diligence
  • CyberSure® - Technology Solutions
  • Corporate Governance Assessment Survey
  • Surety Services


Key Facts Wells Fargo Insurance Services and ABD are proud to highlight a few key facts:
  • Wells Fargo Bank, N.A. has the highest possible S&P credit rating (AAA).
  • ABD is a division of Wells Fargo Insurance Services, a unit of Wells Fargo & Company.
  • Total estimated annual revenue: $165 million (ABD); $1B (WFIS).
  • Major locations: Approx. 17 ABD and 161 Wells Fargo Insurance Services (WFIS) offices spread across the country to best serve our customers.
  • Wells Fargo & Company is the World's 16th Most Admired Company (Barron's)
  • WFIS and ABD combined are ranked as the 3rd largest U.S. retail insurance broker.
  • We have a Fortune 1000 client base with numerous multi-nationals.
  • Global clients have the option to participate in two top performing international brokerage service networks - the WBN or the HLA.
  • ABD is ranked as the #1 U.S. broker of D&O liability insurance (for the third consecutive year) in the most recent (April '07) Tillinghast Towers Perrin D&O Survey.
  • Product specialties include directors' and officers' liability, complex global property and liability, and alternative reinsurance/captive programs.
  • Active in insurance related merger and acquisition strategies, run-off coverage placement, master program insurance integration and international insurance compliance / integration requirements.
  • Industry concentrations and expertise include technology, bio-technology, construction, property/real estate management, food processing, wine, municipalities, maritime, retail, manufacturing, financial institutions, mining, and energy (including alternative fuels/power).
  • Wells Fargo & Company is ranked in the Top 50 for Corporate Citizenship (CRO Magazine).


Please See:
Enterprise Risk Management
Our Risk Management Practice
Risk Management Consultants
International Risk Management/Global Solutions
Risk Management Approaches
Insurance


Risk Management Consultants:
For more information regarding our Risk Management professionals, please contact:
Gary Kilburg, ABD SVP & Chief Risk Officer (206-892-9247).