R-T acquires Wells Fargo-owned company
R-T Specialty LLC said Monday that it is acquiring American E&S Insurance Brokers from Wells Fargo Insurance Services Inc. for undisclosed terms, according to Business Insurance.
R-T Specialty will acquire all operating assets and liabilities, including offices in San Francisco, Fresno, Irvine, Calif., New York, Denver, Atlanta, Nashville and Seattle. American E&S Insurance Brokers does not have a location in Des Moines.
Wells Fargo said the deal allows it to focus on retail operations and other niche businesses.