Size matters, according to a new report on the insurance brokerage market by Advisen Ltd. As a result, the frenetic pace of consolidation in the brokerage sector will be only temporarily slowed by the global economic recession.
“Large brokers enjoy certain advantages of scope and scale,” said John Molka III, the author of the report. “At [...]

Western Securities reports that Eternal Technologies Group, Inc. was held in Contempt of Court for refusing to comply with the court’s order to turn over assets to pay the $961,000 Judgment imposed upon it. The company was also fined $10,000.00 per day until such time as Eternal Technologies turns over its cash and stock interests [...]

CreditRiskMonitor reported that revenues increased 17% and 16% to $1.49 million and $4.26 million for the 3 and 9 months ended September 30, 2008, respectively. The Company also reported net income of $113,000 and $173,000 for the 3 and 9 months ended September 30, 2008, respectively, versus net income of $163,000 and $241,000 for the [...]

In the table titled “HANMI FINANCIAL CORPORATION AND SUBSIDIARIES SELECTED FINANCIAL DATA (UNAUDITED)(Continued) (Dollars in Thousands)” in release dated October 23, 2008, under subhead “DEPOSIT PORTFOLIO,” at September 30, 2008, “Time Deposits of $100,000 or More” should read: $863,034 (sted: $655,659) and “Other Time Deposits” should read: $618,528 (sted: $825,903). “Total Deposits” was unchanged at [...]

Universal Insurance Holdings, Inc, a vertically integrated insurance holding company, announced that it has been named to the Fortune Small Business magazine 2009 ‘FSB 100′ list of ‘America’s fastest-growing small public companies.’ Universal Insurance Holdings ranked #2 on the list, which can be found at the following Web address: http://money.cnn.com/magazines/fsb/fsb100/2009/full_list
According to Fortune Small Business, the [...]

Morgan Stanley Smith Barney announced that Jonathan Madrigano, Director of Wealth Management, has achieved the company’s prestigious Family Wealth Director title.
Jonathan Madrigano will continue educating principals of private companies that are pre-IPO, private business owners who face near term appreciation events or business succession issues and clients whose wealth has the potential to change the [...]

Despite the downturn in the economy, the multibillion dollar global insurance brokerage business held steady, for the most part, in terms of brokerage revenues in 2008. Best’s Review’s annual Top Global Insurance Broker ranking reports Aon Corp. as the No. 1 global broker with $6.2 billion in brokerage revenues. No. 2 is Marsh Inc. with [...]

FINEOS Corporation, a global provider of innovative enterprise software solutions for insurance, announced the findings of the Protection Review survey carried out for the Personal Finance Society (PFS) and sponsored by FINEOS. The survey offers a snapshot of the protection market and the results help the life insurance industry develop the right solutions to meet [...]

The Corporate Library, the leading source for independent corporate governance information and risk analysis, is pleased to announce “The Future of Corporate Reform,” a conference designed to give public fund managers and trustees the knowledge and tools to create long-term value, shape corporate reform, and repair the markets. The conference will take place at the [...]

NERA Economic Consulting, a leading global provider of economic advice and analysis in business, legal, and regulatory matters, today released Snapshot of Recent Trends in Asbestos Litigation, a report analyzing trends in asbestos filings and settlements, in light of legislative and judicial tort reform over the past several years.
The report, co-authored by NERA Senior Vice [...]