Agency Management

Premium pricing continued to show downward pressure for the first quarter of 2010 for commercial and large accounts, according to a report released by insurance broker Aon.

Marsh said it is offering clients and prospects real time benchmarking analytics to help risk managers maintain effective and competitively-priced insurance programs.

Early this month, First Mercury Financial Corporation announced one of its subsidiaries will buy Valiant Insurance Group for roughly $55 million.

In a market where growth seems elusive, the leader of Connecticut's newest managing general agency believes his startup could bind $10 million of new business by year's end.

Praxis Consulting Inc. has acquired Aon Recovery Inc., a subrogation specialty business unit of Aon Global Risk Consulting, which is a subsidiary of Chicago-based insurance broker Aon Corp.

Corporate risk managers are generally dissatisfied with the level of service they get from both brokers and insurers, and very few of these insurance providers distinguish themselves in the marketplace, a consulting service survey found.

Aviation insurance rates are softening, showing signs of moderation after hardening last year, according to a report released by Aon Corp.

The New York State Insurance Department will hold a hearing in August to discuss further expanding the state's excess and surplus lines "export list" after adding coverages to the list last year.