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October 10, 2006 at 08:24 AM
Revenue at insurance brokerage firms owned by bank holding companies rose to $6 billion in the first half, up 23% from the total for the first half of 2005, researchers report.
The Association of Banks In Insurance, Washington, conducts the bank brokerage survey together with Michael White Associates, Radnor, Pa.
“Larger banking organizations experienced exceptionally strong double-digit growth, much of which derived from organic growth in insurance brokerage fee income as agency integration and cross-selling accelerate,” according to ABIA Associate Director Valerie Barton.
