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.
The Michael White-Prudential Bank Fee Income Report, released Feb. 7, says insurance-brokerage fees came in at a record $5.89 billion over the first three quarters of 2011, an increase from the previous year's $5.14 billion.
For just the third quarter, fees rose 57 percent over the same period in 2010, or $730 million, to $2.01 billion.
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