RJ and Makay

Bank insurance brokerage fee income reached a record level in 2010, rising 7.9 % from $12.36 billion in 2009 to $13.33 billion in 2010, according to a new report compiled by Michael White Associates (MWA). Sponsored by The Prudential Insurance Company of America’s Individual Life Insurance, the report measures and benchmarks banking industry performance in generating insurance brokerage and underwriting fee income.

Data was collected from all 6927 commercial and FDIC-supervised savings banks and 911 large top-tier bank holding companies (BHCs) operating on December 31, 2010.