Hub and USI in accelerated Wells Fargo process

Private equity-backed brokers Hub and USI are the frontrunners
to acquire Wells Fargo's insurance brokerage and consulting
business as the bank looks to sell the unit in a fast-tracked
process, The Insurance Insider
understands.
According to sources, Wells Fargo has ruled out selling to
potential private equity buyers that do not currently have an
insurance broking platform.
First-round bids for the broking asset were due around a
fortnight ago and were solicited just days after potential
acquir