While the month of January delivered no single major catastrophe loss, there were enough weather events to cause close to a half-billion dollars in losses worldwide, according to a report released by Aon Benfield.
Covering the risks for high-net-worth (HNW) clients requires an agent to be well-educated in what these customers need, says Lee Roth, president of the private-client group division of North America for Chartis. A limited number of agents specialize in dealing with these individuals, whose personal-insurance needs go beyond just...
Insurance-brokerage fees for bank-holding companies were up more than 14 percent over the first three quarters of 2011, but the two major bank-owned P&C brokers saw their fees drop over the period.
Whether its a company seeking to cut manufacturing costs for goods sold in the United States or an overseas company expanding here, agents and brokers need to be prepared to help their clients make the proper choices. Here are a few brokers who have managed to develop a viable structure...
As the economy shows signs of improvement in the aftermath of the Great Recession of 2007-2009, insurance executives say high-net-worth clients are beginning to spend againand it remains an underserved market that independent agents should be taking advantage of.
Moodys Investors Service says its Moodys Global Insurance CDS (credit default swap) Index shows that although investors view of global insurers for the most part improved during the 2011 fourth quarter, opinions are still more negative than indicated by Moodys ratings.
A culture clash between Willis Group Holdings and Hilb, Rogal & Hobbs led to a significant amount of business walking out the door in North America, contributing to a 57 percent drop in net income for the 2011 fourth quarter.
Professional services firm Marsh & McLennan Cos. reports 2011 fourth quarter net income increased 26 percent, as both its risk and insurance and consulting divisions reported positive growth.