MINNEAPOLIS -- Norwest Insurance Inc. said it completed an agreement to take over the operations of National Ag Underwriters Inc., a crop insurance agency based in Anoka, Minn.

The transaction, approved by the Federal Reserve Board in April, will make the unit of $41.2 billion-asset Norwest Corp. the nation's largest managing general agent for crop insurance, with a 27% share of the U.S. market, said Stephen Byrnes, president of Norwest Insurance. The company specializes in crop insurance and other insurance services for agribusiness.

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