ABD Insurance & Financial
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Founded by Bruce Basso, Fred de Grosz and Doug Alburger, ABD Insurance & Financial, Inc. was a large Northern California-based insurance and financial services broker. ABD was headquartered in Redwood City, California.
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Industry | Insurance |
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Predecessors |
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Founded | 1990; 34 years ago (1990) |
Founders |
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Defunct | 2007 |
Fate | Merged into Wells Fargo Insurance Services when Wells Fargo acquired GBBK |
Headquarters | , United States |
Revenue | US$165 million (2005) |
Number of employees | 800 (2006) |
Parent | Greater Bay Bancorp (2002-2007) |
ABD Inc. accounted for $165 million in 2005 U.S. revenue, ranking as the nation's 14th largest insurance brokerage, according to Business Insurance magazine's July 2006 rankings. It ranked 2nd on the San Francisco Business Times' 2006 List of the Largest Insurance Brokers in the Bay Area, with just over $1 billion in Bay Area-generated 2005 premium volume, and $2.26 billion in overall premium volume that year. At the time, it had 575 brokers and about 800 employees companywide. It became part of Wells Fargo Insurance Services with the Wells Fargo acquisition of GBBK in 2007.