TITLE

Are Banks Losing Interest In Agency Deals?

AUTHOR(S)
Campbell, Jim
PUB. DATE
August 2006
SOURCE
National Underwriter / P&C;8/21/2006, Vol. 110 Issue 32, p34
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the interest of banks to acquisition deals. The author said that banks have not lost their interest on such deals. He cites the factors on why banks have slowed in selling insurance products or acquiring agencies such as the acquisition candidates, the contigent income earned by agencies in 2005 and 2006, and competition. Moreover, the author also discussed the objectives that these banks are using to support agency acquisition strategies.
ACCESSION #
22434778

 

Related Articles

  • Island banks partner, not purchase, for insurance.  // Long Island Business News (7/1993 to 5/2009);4/2/2004, Vol. 51 Issue 15, p8B 

    Focuses on the purchase of insurance agencies by banks to address competition in the U.S. Offer of insurance services to companies; Absence of financial institutions from the transactions.

  • Watch Out For Potholes on Road to Insurance Success. KUEHNER-HEBERT, KATIE // American Banker;3/4/2003, Vol. 168 Issue 42, p12cb 

    Discusses the issues to be addressed in the purchase of an insurance agency by a bank. Reference to the purchase of a casualty insurance agency by Harrisburg, Pennsylvania-based Waypoint Insurance Group; Need to synchronize insurance agency's policies with those wanted by a bank's customers;...

  • Association-Owned Banks Finance Deals. Mogel, Gary S. // National Underwriter / Property & Casualty Risk & Benefits Manag;6/9/2003, Vol. 107 Issue 23, p13 

    Reports on insurance company mergers and acquisitions financed by insurance association-owned banks. Debt consolidation requests; Need for the specialized knowledge that an insurance association provides; Effect of the market pricing environment.

  • Banks Bought Fewer Agencies In 2003, But Paid More. Thomas, Trevor // National Underwriter / Life & Health Financial Services;12/22/2003, Vol. 107 Issue 51, p27 

    Reports on the acquisitions of insurance agencies by banks in the U.S. Number of insurance agency acquisitions by banks; Values of deals; Prime acquisition candidates.

  • Banks Across Country Snapping Up Insurance Agencies; Consultant Admonishes Them To Proceed With Caution.  // Insurance Advocate;9/23/2002, Vol. 113 Issue 36, p32 

    Discusses the article written by consultant Gerald C. Vigneron on the acquisition of insurance agencies by banks, published in the September issue of the publication 'Community Banker.' Importance of a strategic plan; Tips for banks to avoid expensive surprises; Use of tax-advantaged financing...

  • Do you Due Diligence. Vigneron, Gerald C. // National Underwriter / Property & Casualty Risk & Benefits Manag;10/15/2001, Vol. 105 Issue 42, p14 

    Focuses on the factors bankers should consider in evaluating potential independent insurance agency acquisitions. Strength and continuity of management; Growth potential; Financial condition.

  • Marriage not made in heaven. Vermeulen, Amanda // Finance Week;1/13/2003, p49 

    Reports on problems that arise during the merger between banks and insurance companies. Various models of bancassurance; Motivations and objectives behind the merger of banks and companies; Reasons for the preference of markets for industry mergers.

  • Ten Mistakes Insurers Make With Banks. Thomson, Maria; Wade, Alan // National Underwriter / Life & Health Financial Services;4/17/2000, Vol. 104 Issue 16, p18 

    Discusses the mistakes made by the merger between insurance companies and banks. Difference in banks and insurers values and cultures; Reason for the failure to integrate insurance efforts with a bank partner's central strategy.

  • So you want to buy an insurance agency? Kebrer, Kenneth; Wepler, John M. // ABA Banking Journal;Nov2000, Vol. 92 Issue 11, p37 

    Discusses the consolidation of banks and insurance companies. Reasons for consolidation; Information on the performance of the consolidated banks or insurance agencies; Factors which influence the success of consolidation.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics