Arthur J. Gallagher says it acquired a healthcare broker in Colorado while the private equity firm Genstar Investors says it acquired a program administrator in Texas.
Property-and-casualty insurance brokers were given a continued stable outlook from Fitch Ratings, as revenue and earnings growth in 2012 is forecast to match or exceed levels recorded during the first nine months of 2011.
Property and casualty insurance brokers received a continued stable outlook from Fitch Ratings, as revenue and earnings growth next year is expected to match or exceed levels for the first nine months of this year.
Property and casualty insurance brokers received a continued stable outlook from Fitch Ratings, as revenue and earnings growth next year is expected to match or exceed levels for the first nine months of this year.
Marsh & McLennan says third-quarter net income was down 23 percent, or $38 million, to $130 million due to a $72 million charge for early extinguishment of debt.
Despite reporting a 38 percent increase in 2011 third-quarter net income, financial analysts appear to be dissatisfied with Aon Corp.s results and they question the performance of its consulting unit.
BB&T Corp. says income from its insurance-services segment dropped 4 percent in the third quarter, but the company expects to see improvement in the fourth quarter.
Increasing reports of cyber intrusions, data theft and computer-system malfunctions have led a rapidly growing number of companies to purchase insurance coverage to protect themselves from technology and cyber-privacy risks.
Increasing reports of cyber intrusions, data theft and computer-system malfunctions have led a rapidly growing number of companies to purchase insurance coverage to protect themselves from technology and cyber-privacy risks.
While carriers’ second-quarter results largely declined due to catastrophe losses, three brokerages recently reported growth during the quarter, led by Aon Corp.’s 69 percent increase in net income.