WIS ranked as the 12th-largest insurance brokerage of U.S. business with $422.5 million in 2007 brokerage revenues, according to Business Insurance‘s annual rankings.
Wachovia Insurance Services Inc. will not become part of Citigroup in the New York-based banking giant’s $2.2 billion buyout of Wachovia Corp.’s banking operations, a spokesman for the insurance brokerage confirmed.