Big Banks Still a Force in Insurance Industry

NEW YORK (TheStreet) - Among a published ranking of companies with the strongest operating insurance subsidiaries, several bank holding companies stand out. SNL Financial's statutory insurance performance rankings for public companies includes Bank of America BAC and Wells Fargo WFC among the top 10, along with Triton Insurance, which is a subsidiary of Citigroup C. The list is based on the consolidated first-quarter 2010 statutory filings from which SNL ranked financial performance of insurance units using weighted performance metrics, with the greatest emphasis on earnings and underwriting profitability. To read the rest, head over to TheStreet.com