Crediting high-retention rates and strong new-business growth, Marsh & McLennan Companies says first-quarter net income grew by 7 percent from the same period last year.

Crediting high-retention rates and strong new-business growth, Marsh & McLennan Companies says first-quarter net income grew by 7 percent from the same period last year.

The first quarter of 2012 hit a record in the catastrophe-bond market as property and casualty insurance sponsors introduced eight new tranches, increasing the issuance of securities by 32 percent over the same period last year.

Independent agents seeking new property and casualty markets are leaving money on the table if they dont aim to attract Americas growing minority populations, says the head of an agents diversity task force.

Most employees do not know anything about group-disability insurance, but when they learn about it, 9 out of 10 employees say they want the coverage and are willing to pay for it, according to a survey released today.

The airline and aviation insurance markets report a profit for the first time in five years as airline losses and passenger fatalities dropped to all-time lows, says a report from insurance-broker Willis.

At a time when technology has eroded the security agents and brokers have known in their traditional business model, membership in the Independent Insurance Agents & Brokers of America remains a valuable beacon for future opportunity, says the associations chairman.

At a time when technology has eroded the security agents and brokers have known in their traditional business model, membership in the Independent Insurance Agents & Brokers of America remains a valuable beacon for future opportunity, says the associations chairman.