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Travelers replaces Citicorp.

A hard market may not be arriving anytime soon, but several insurance executives at last week's S&P conference suggested that the industry is in good shape, even in the midst of a struggling economy, while others warned against complacency.

Wells Fargo & Company has passed Citigroup Inc. in insurance brokerage income, according to a report issued by a bank insurance consulting firm.

The Travelers will replace its one-time parent Citigroup Inc. in representing the financial services sector on the Dow Jones Industrial Average, it was announced today.

Total insurance revenue for the nation's bank holding companies (BHCs), excluding MetLife, increased 7.2 percent last year, rising from $10.15 billion in 2007 to $10.88 billion, according to a study.

Marsh & McLennan Companies Inc., the parent company of insurance broker Marsh and reinsurance broker Guy Carpenter said William Krivoshik has been named MMC senior vice president and chief information officer.

American International Group announced today it was accelerating the spin-off of its major property-casualty insurance units into a separate company so that it can sell off a minority share to the public.

Regulator group considers launching new organization to assess insurers.