Marsh & McLennan Cos. reported strong second-quarter earnings, with net income increasing 18 percent backed by growth in its risk & insurance and consulting services segments.
Mondays $4.4 billion acquisition of Hub International Ltd. by Hellman & Friedman LLC could raise producers interest in making a sale, but will likely have minimal impact on the price paid for agencies, insurance agency consultants say.
Heath Lambert Ltd., the British insurance broker acquired in 2011 by Arthur J. Gallagher, is holding reinsurance payments the cedent refuses to accept out of fear of violating European Union sanctions imposed on Iran.
Median organic growth among mid-size and large privately held P&C insurance agencies and brokerage firms is outpacing the performance of publicly held brokers, according to a new survey by management consulting firm.
Heath Lambert Ltd., the British insurance broker acquired in 2011 by Arthur J. Gallagher, is holding reinsurance payments the cedent refuses to accept out of fear of violating European Union sanctions imposed on Iran.
Median organic growth among mid-size and large privately held P&C insurance agencies and brokerage firms is outpacing the performance of publicly held brokers, according to a new survey by management consulting firm.
First-quarter fee income for bank-owned insurance brokerage firms slipped more than 5 percent largely due to the income drop at two major brokerage firms, Wells Fargo and Citigroup.
Second-quarter 2013 catastrophe losses for Zurich and XL Group total more than $400 million, with the former shouldering the larger share. Zurich says its losses amount to $278 million, including floods in Europe and severe storm damage in the U.S.