Winston-Salem, N.C. bank BB&T Corp. says insurance services decreased slightly in the first quarter while its banking business reported net income increase of 21 percent.

The Chubb Corp. says 2011 first quarter net income increased 10 percent over the prior year despite the impact of $270 million from global catastrophe claims.

It may have seemed like horrible timing when Susan Rivera was starting up a program business-focused MGA in late 2009, but there were several advantages to launching in the wake of a global financial crisis and about six years into a soft property and casualty insurance market, she says.

Frederick H. Eppinger, chief executive officer of The Hanover, says he certainly won’t apologize for good timing, but the recent bid to acquire Chaucer Holdings was not driven by the state of the Lloyd’s market.

Number one answer is investing in software solutions and platform in the distribution space. With flat market conditions and fierce competition, investing in a flexible and adaptable distribution technology platform that can easily connect to the various delivery channels and easily connect all the channels to modern policy administration and...

Despite attempts by lawmakers to put into place rules to reduce drug cost and medical expenses, ultimately there are few laws that can reverse the trend of more expensive drugs used by more workers’ compensation patients.

Peter Mullen was named chief executive officer of Aon Global Risk Consulting’s Captive and Insurance Management operations.

First quarter renewals are no indicator of the direction the airline insurance market will take in 2011 due to the limited number of airlines renewing their insurance programs, an insurance broker’s report says.