Agency Management

Politicians should wear the logos of all major contributors to their campaigns--just like the sponsor decals displayed by NASCAR drivers--so we know who is financing them, says NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com.

Managing general agency Johnson & Johnson has acquired the Sunbelt General Agency in Montgomery, Ala. from American Modern Insurance Group. Financial terms were not disclosed.

Most reinsurers have far more capital than a year ago, capacity is abundant, but problems lie ahead for the marketplace, Holborn reinsurance brokerage predicted.

Insurance agencies can expect to receive less carrier compensation in the future as companies reassess their payment arrangements and require more business from them.

Jim W. Henderson, Brown & Brown's vice chairman and chief operating officer, will retire later this year, the firm said, also announcing its first acquisition for 2010.

Hub International Ltd. said the brokerage has acquired Santa Barbara, Calif.-based Ogilvy, Gilbert, Norris & Hill and the insurance book of Wescom Credit Union in Anaheim, Calif. No financial terms for either transaction were released.