Agency Management

The revival of the New York Insurance Exchange will not have a huge impact on the insurance marketplace because the securities market is already filling the capacity needs of insurers, the Insurance Information Institute's president said.

The danger of political and credit risk losses has surged as the global economic crisis takes a toll on world economies, according to an analysis by Aon Corp.

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.

Rather than dismiss agent and broker complaints as "the nature of the beast," carriers must raise their game to keep their producers satisfied, says NU Editor Sam Friedman on his blog at www.NUSamSoapBox.com.

Bank-owned insurance agencies' average total return on prior year value fell an annual 10.2 percent for the period ending June 30, 2009, according to Bank-Insurance Viability Index.

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.