Willis Group Holdings said its fourth quarter net income rose 20 percent based on new business and strong retentions, but its chief executive said modest growth is not acceptable and the firm is pushing a plan aimed at strengthening growth in the future.
Despite significant natural catastrophes in 2010, the mining market is enjoying the same soft market insurance conditions that many other industries are experiencing, according to insurance broker Willis.
Brown & Brown, Inc. said its fourth quarter net income increased 36 percent over the prior year despite organic growth in commission and fees dropping 3 percent during the same period.
Two major insurance brokers announced acquisitions today with Marsh & McLennan Agency acquiring Hampton Roads Bonding and Hub International Ltd. acquiring Knight Insurance Agency, Inc.
Two major insurance brokers announced acquisitions today with Marsh & McLennan Agency acquiring Hampton Roads Bonding and Hub International Ltd. acquiring Knight Insurance Agency, Inc.
The beginning of 2011 was much like the end of 2010 for the soft market, as rates continued to decrease moderately, according to MarketScout’s monthly barometer.
Fourth quarter results were mixed for some insurers that reported their results this past week, with four insurers reporting increased combined ratios that did not necessarily translate into a loss of net income.
Fourth quarter results were mixed for some insurers that reported their results this past week, with four insurers reporting increased combined ratios that did not necessarily translate into a loss of net income.