Insurance brokerage firms owned by banks saw their first-quarter fee income increase 2.4 percent to $3.1 billion, according to a consulting firm.
Michael White Associates Bank Insurance Consultants reported that bank holding company insurance brokerage firms recorded a new quarterly record based on nearly 1,000 top-tier large bank holding companies.
The report was compiled by the Radnor, Pa.-based consulting firm and sponsored by Symetra Financial, a Bellevue, Wash.-based life and benefit holding company.
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