Agency Management

Yesterday's article "Marsh & McLennan Agency Acquires Bostonian Group," incorrectly listed Insurance Alliance as Marsh & McLennan Agency's second acquisition. It was the fourth acquisition. Bostonian Group is MMA's fifth acquisition.

There are ways for brokers to maintain their books of business and keep growing even in a challenging economy, Eileen Frank, president of J.P. West, says in NU's latest video interview at www.property-casualty.com.

The Mexican earthquake in early April with effects in California created a loss for insurers estimated at more than $300 million, according to reinsurance broker Aon Benfield.

Marsh & McLennan Companies reported first-quarter net income rose 41 percent over the period last year as its business segments controlled costs and benefited from economic improvement.

The losses from the Deepwater Horizon drilling platform explosion are not expected to significantly impact the insurance marketplace or buying behaviors, a brokerage executive said.

The world of insurance journalism lost one of its most talented and dedicated players with the retirement last week of Steve Piontek, editor of NU's life and health insurance edition, says NU P&C Editor Sam Friedman in his blog at www.NUSamSoapBox.com.