Brokerage Department

Brokerage Department

A department of an insurance company that sells policies to customers. The brokers within the department often work purely for commissions and do not collect salaries or wages. Some, though not all, brokerage departments have their own underwriters to facilitate the quick sale of policies.
References in periodicals archive ?
Daniel Diehl Head of brokerage department at 23Traders says '23Traders is the result of years of interactive brainstorming with a diverse group of professionals from all over the world.
Earlier in June sources said that the head of Mena equities at JP Morgan's brokerage department resigned to join Egypt's EFG-Hermes Asset Management and that his replacement would be hired by the end of the month.
A licensed real estate broker in Michigan and Florida, Bubniak oversees the company's investment sales division of the brokerage department.
Muscat: The brokerage department of ahlibank, which has a range of financial products, has launched margin trading, which is also known as secured finance.
Beginning his career in 1972 with local firm Webb and Brooker, developer of the Shomberg Towers and 1199 Plaza, Giscombe was running the commercial brokerage department in 1979 when he, along with two partners, bought the Lee Building, one of Harlem's only office towers and the only one east of Fifth Avenue.
Chief Operating Officer Antony Lingard was previously a Managing Director in UBS' Prime Brokerage department and Chief Technology Officer Neil Panchen has worked as Global Head of Commodities IT and Global Head of FX IT through 2008 at Deutsche Bank, and has implemented the IT infrastructure for the FX Exotics, FX Forwards and Precious Metals businesses.
Bank of America Corp (NYSE: BAC) has denied media reports that Sallie Krawcheck, the head of its brokerage department, is leaving the firm.
The brokerage department does a tremendous business arranging pickup and delivery with large companies and owner / operators.
I expect them to be very active and eye other assets in Africa and the Middle East to achieve their strategy to become one of the top telecom players by 2011," said Marc Hammoud, telecom analyst at Cheuvreux, the brokerage department of Calyon-DIFC.
We wouldn't have the brokerage department we have today if it wasn't for the marketing skills of Jim Lohman (who is vice president of marketing).
The Company's brokerage department offers a variety of financial products, such as stock and bond funds, savings accounts, time deposit certificates and subscriptions to initial public offerings.
Their newly brandedretail brokerage department, Monticello Wealth Management, provides comprehensivefinancial planning services andwealth management to diverse clientele throughout Southern Kentucky.