Energy companies in some sectors have deferred asset maintenance and upgrades over the past several years, which has resulted in a rush of claims approaching billion-dollar losses.
A recent report from investment management firm Conning & Co.'s Insurance Research Division dispels a long-held misperception that the wholesale distri-bution channel is substantially more expensive than the retail channel when it comes to placing specialty risks.
At 232, the number of insurance agency mergers and acquisitions in the first half of 2016 came in just one less than 2015's record first half of 233 deals, according to data from Chicago-based OPTIS Partners, an investment banking and financial consulting firm specializing in the insurance industry.