Book of Business

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Book of Business

Informal; a financial adviser's or salesman's list of clients and the amount of money each one generates. This term is used most frequently in brokerages or investment advisory firms.
References in periodicals archive ?
M2 EQUITYBITES-August 13, 2019-Hub International Acquires Nationwide Agents and Books of Business
Hub Acquires Books of Business, Hires 4 Nationwide Agents in Pennsylvania
Lateral candidates should take several factors into account when developing a reasonable estimate for their portable books of business:
This limit on costs is closely linked to the quality of the book of business a carrier has acquired and varies by carrier across the spectrum of all books of business in the industry.
14 October 2015 - US-based Epic Insurance Brokers and Consultants sold certain books of business to Alliant Insurance Services, including the customers of David Alvarado and a group of employees who came to Epic in 2009 through the acquisition of VRT Insurance Services, the company said.
So law firm leaders breathlessly pursue a clever strategy of recruiting laterals whose books of business will take the firm to new levels of performance.
In his new role, he assumes underwriting management responsibility for all of XL s Surplus Lines excess business including commercial umbrella and excess casualty books of business.
They already have re-underwritten their books of business and off-loaded noncore and underperforming products, and opportunities for acquisition are limited.
(Some consultants assert that a firm is worth about 60% of gross revenue:) Valuation rests on several factors, including the firm's nonpirating clause and whether it operates as a unified entity or a loose coalition of CPAs pursuing their own books of business. Keep track of valuation trends.
She brings to SterlingRisk more than two decades of senior insurance experience managing large books of business with expertise in reviewing and rating risks, stated SterlingRisk CEO David Sterling in a company press release.
Darwin Professional Underwriters Inc., Farmington, Conn., developed its special-coverage underwriting platform called "(i-bind)."The Web platform allows speciality-coverage producers to quote and bind new accounts; issue, review and request account information; serve accounts with midterm changes; and manage their books of business. It streamlines the speciality-insurance transaction process by reducing the application cycle from months to days, and even hours.