Agency Management

Aon Corp. reported third quarter net income increased 20 percent over the previous year with the the help of acquisitions.

The current soft market in the commercial insurance markets is unsustainable in the long-term, but hardening of insurance prices will only be seen when insurers and reinsurers start to significantly eat into capital reserves.

A vibrant farm industry is currently helping the crop insurance industry cope with the Agriculture Department's decision to substantively cut back its subsidy program, "but every year is a new year."

After two years of planning, the Target Market Program Administrators Association's virtual "Target University" will start offering its online coursework beginning the second-quarter 2011, with eight courses currently in the final testing stage.

ACE Ltd. has agreed to pay about $425 million in cash for the New York Life Insurance Company life insurance businesses in Hong Kong and Korea.

Insurance broker Willis Group Holdings reported third quarter net income dropped 19 percent from the previous year absent a tax credit it received last year, but organic growth remained strong across the board.