Bank holding company insurance brokerage fee income jumped to $3.3 billion in the first quarter, up about 10% from $3 billion in the first quarter of 2009.
Michael White Associates (MWA), Radnor, Pa., says 60% of 951 large BHCs studied have insurance brokerage units.
When MWA looked at the top 100 BHC insurance brokerage income generators, it found that 38 showed income growth and only 7 suffered a drop greater than 2%.