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BB&T continues to see growth in its insurance-brokerage business, reporting a 4 percent growth in income for the 2011 second quarter compared to the same period a year before.

Insurance brokers Arthur J. Gallagher and Brown & Brown announced a total of three acquisitions recently.

Insurance brokerage fee income at banks hit $3.05 billion for the third quarter of 2009, the highest level in the last 5 quarters, according to the data compiled by Michael White Associates LLC.

USI Holdings Corp. insurance brokerage in Briarcliff Manor, N.Y., said it has signed an agreement to acquire a number of retail employee benefit insurance brokerage offices from the PNC Financial Services Group Inc.

Merger and acquisition activity among insurance brokerages in 2009 dropped 40 percent over the previous year due to a generally tough economic environment and other factors, an investment banker reported.

Bank insurance brokerage fee income rose close to 12 percent in the third quarter of 2009 compared with the same period the year before, according to a consulting company.

Bank holding company 2009 second-quarter insurance brokerage income fell 6.5 percent to $3.02 billion compared to 2008 second-quarter income of $3.23 billion, according to a consulting firm.

BB&T Corp. said its insurance brokerage unit produced record revenues in the quarter and its CEO said the brokerage is seeing signs of hardening in the insurance marketplace.