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RANKINGS |
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TOP TEN WRITERS OF COMMERCIAL LINES INSURANCE
BY DIRECT PREMIUMS WRITTEN, 2007
($000)
Rank |
Group |
Direct premiums written (1) |
Market share |
| 1 | American International Group (AIG) | $24,785,951 | 10.6% |
| 2 | Zurich Insurance Group | 14,646,359 | 6.3 |
| 3 | Travelers Group | 14,411,799 | 6.2 |
| 4 | Liberty Mutual Insurance Group | 12,694,617 | 5.5 |
| 5 | CNA Insurance Group | 7,498,600 | 3.2 |
| 6 | Hartford Fire & Casualty Group | 7,329,624 | 3.1 |
| 7 | ACE Ltd. Group | 7,256,408 | 3.1 |
| 8 | Chubb & Son Group | 6,712,247 | 2.9 |
| 9 | Nationwide Corp. Group | 5,491,012 | 2.4 |
| 10 | State Farm Group | 4,627,420 | 2.0 |
| (1) Before reinsurance transactions, excluding state funds. Includes all lines except private passenger auto and homeowners.
Source: National Association of Insurance Commissioners (NAIC) Annual Statement Database, via Highline Data, LLC. Copyrighted information. No portion of this work may be copied or redistributed without the express written permission of Highline Data, LLC. |
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TOP TEN COMMERCIAL INSURANCE BROKERS OF U.S.
BUSINESS BY REVENUES, 2007 (1)
($ millions)
Rank |
Company |
Brokerage revenues |
| 1 | Marsh & McLennan Cos. Inc. | $5,527.7 |
| 2 | Aon Corp. (2) | 2,696.5 |
| 3 | Arthur J. Gallagher & Co. | 1,282.4 |
| 4 | Wells Fargo Insurance Services Inc. | 1,282.1 |
| 5 | Willis Group Holdings Ltd. (3) | 1,059.1 |
| 6 | BB&T Insurance Services Inc. | 877.4 |
| 7 | Brown & Brown Inc. | 757.6 |
| 8 | Hilb Rogal & Hobbs Co. (3) | 725.4 |
| 9 | USI Holdings Corp. | 617.1 |
| 10 | Lockton Cos. L.L.C. | 502.5 (4) |
(1) Companies that derive more than 20 percent of revenues generated by U.S.-based clients, from commercial retail brokerage. Excludes revenue from the placement of employee benefits.
(2) In 2008 Aon agreed to acquire Benfield.
(3) In 2008 Willis acquired Hilb Rogal & Hobbs Co.
(4) Fiscal year ending April 30.
Source: Business Insurance, July 21, 2008. |
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TOP TEN GLOBAL INSURANCE COMPANIES
BY REVENUES, 2007 (1)
($ millions)
Rank |
Company |
Revenues (2) |
Country |
Industry |
| 1 | AXA | $162,762 | France | Life/health |
| 2 | Allianz | 140,618 | Germany | Property/casualty |
| 3 | Berkshire Hathaway | 118,245 | U.S. | Property/casualty |
| 4 | Assicurazioni Generali | 113,813 | Italy | Life/health |
| 5 | American International Group (AIG) (3) | 110,064 | U.S. | Property/casualty |
| 6 | Aviva | 81,317 | U.K. | Life/health |
| 7 | Prudential | 66,358 | U.K. | Life/health |
| 8 | Munich Re Group | 64,774 | Germany | Property/casualty |
| 9 | Aegon | 62,383 | Netherlands | Life/health |
| 10 | State Farm Insurance Cos. | 61,612 | U.S. | Property/casualty |
(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.
(2) Revenues include premium and annuity income, investment income and capital gains or losses, but exclude deposits; includes consolidated subsidiaries, excludes excise taxes.
(3) In 2008 AIG ceded 79.9 percent of its ownership to the federal government in exchange for an $85 billion loan.
Source: Fortune. |
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TOP TEN GLOBAL PROPERTY/CASUALTY INSURANCE COMPANIES
BY REVENUES, 2007 (1)
($ millions)
Rank |
Company |
Revenues (2) |
Country |
| 1 | Allianz | $140,618 | Germany |
| 2 | Berkshire Hathaway | 118,245 | U.S. |
| 3 | American International Group (AIG) (3) | 110,064 | U.S. |
| 4 | Munich Re Group | 64,774 | Germany |
| 5 | State Farm Insurance Cos. | 61,612 | U.S. |
| 6 | Zurich Financial Services | 55,163 | Switzerland |
| 7 | Allstate | 36,769 | U.S. |
| 8 | Swiss Reinsurance | 35,730 | Switzerland |
| 9 | Millea Holdings | 32,487 | Japan |
| 10 | Travelers Cos. | 26,017 | U.S. |
(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.
(2) Revenues include premium and annuity income, investment income and capital gains or losses, but exclude deposits; includes consolidated subsidiaries, excludes excise taxes.
(3) In 2008 AIG ceded 79.9 percent of its ownership to the federal government in exchange for an $85 billion loan.
Source: Fortune. |
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TOP TEN GLOBAL INSURANCE BROKERS BY REVENUES, 2007
($ millions)
Rank |
Company |
Brokerage revenues (1) |
Country |
| 1 | Marsh & McLennan Cos. Inc. | $11,281.0 | U.S. |
| 2 | Aon Corp. (2) | 7,096.0 | U.S. |
| 3 | Willis Group Holdings Ltd. (3) | 2,463.0 | U.K. |
| 4 | Arthur J. Gallagher & Co. | 1,457.2 | U.S. |
| 5 | Wells Fargo Insurance Services Inc. | 1,282.1 | U.S. |
| 6 | Jardine Lloyd Thompson Group P.L.C. | 947.3 | U.K. |
| 7 | BB&T Insurance Services Inc. | 877.4 | U.S. |
| 8 | Hilb Rogal & Hobbs Co. (3) | 780.0 | U.S. |
| 9 | Brown & Brown Inc. | 757.6 | U.S. |
| 10 | Lockton Cos. L.L.C. | 728.2 (4) | U.S. |
(1) Gross revenues generated by insurance brokerage, consulting and related services.
(2) In 2008 Aon agreed to acquire Benfield.
(3) In 2008 Willis acquired Hilb Rogal & Hobbs Co.
(4) Fiscal year ending April 30.
Source: Business Insurance, July 21, 2008. |
| - Aon is the world's largest broker based on "pure placement." This includes insurance, reinsurance and wholesale brokerage revenues but excludes employee benefits, consulting and other income. In 2007 Aon's placement revenues were $5.75 billion, followed by Marsh & McLennan Cos. ($5.40 billion), Willis ($2.16 billion), Wells Fargo ($1.03 billion) and BB&T ($809.5 million).
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TOP TEN GLOBAL REINSURERS
BY NET REINSURANCE PREMIUMS WRITTEN, 2007
($ millions)
Rank |
Company |
Net reinsurance premiums written |
Country |
| 1 | Munich Reinsurance Co. | $30,292.9 | Germany |
| 2 | Swiss Reinsurance Co. | 27,706.6 | Switzerland |
| 3 | Berkshire Hathaway Re | 17,398.0 | U.S. |
| 4 | Hannover Rueckversicherung AG | 10,630.0 | Germany |
| 5 | Lloyd's (1) | 8,362.9 | U.K. |
| 6 | SCOR SE | 7,871.7 | France |
| 7 | Reinsurance Group of America, Inc. | 4,906.5 | U.S. |
| 8 | Transatlantic Holdings Inc. | 3,952.9 | U.S. |
| 9 | Everest Reinsurance Co. | 3,919.4 | Bermuda |
| 10 | PartnerRe Ltd. | 3,757.1 | Bermuda |
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(1) Represents an aggregation of all syndicates participating at Lloyd’s.
Source: Standard & Poor's. |
| - In 2007 global reinsurance premiums written totaled $168.0 billion, up 9.8 percent from $153.1 billion in 2006, according to Standard & Poor's.
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TOP TEN U.S.-BASED SURPLUS LINES INSURANCE COMPANIES
BY NONADMITTED DIRECT WRITTEN PREMIUMS, 2007
Rank |
Company (Parent) |
Nonadmitted direct premiums |
| 1 | Lexington Insurance Company (AIG) | $6,619,303,663 (1) |
| 2 | American International Specialty Lines Insurance Company (AIG) | 1,489,355,065 |
| 3 | Scottsdale Insurance Company (Nationwide Group) | 1,198,493,764 |
| 4 | Columbia Casualty Company (CNA) | 763,028,277 |
| 5 | Landmark American Insurance Company (Allegheny Insurance Holdings) | 707,053,618 |
| 6 | Evanston Insurance Company (Markel) | 660,805,870 |
| 7 | Arch Specialty Insurance Company (Arch Insurance Group) | 640,558,769 |
| 8 | Admiral Insurance Company (W.R. Berkley) | 561,736,975 |
| 9 | National Fire & Marine Insurance Company (Berkshire Hathaway) | 544,582,972 |
| 10 | Essex Insurance Company (Markel) | 430,645,562 |
(1) Provided on a pooling basis.
Source: Business Insurance, September 8, 2008. |
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