World Rankings

Top 10 Global Insurance Companies By Revenues, 2015 (1)

(US$ millions)

Rank Company Revenues  Country Industry
1 Berkshire Hathaway $210,821 U.S. Property/casualty
2 AXA 129,250 France Life/health
3 Allianz 122,948 Germany Property/casualty
4 Japan Post Holdings 118,762 Japan Life/health
5 Ping An Insurance 110,308 China Life/health
6 Assicurazioni Generali 102,567 Italy Life/health
7 China Life Insurance 101,274 China Life/health
8 State Farm Insurance Cos. 75,697 U.S.  Property/casualty
9 MetLife 69,951 U.S. Life/health
10 Munich Re 69,433 Germany Property/casualty

(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.

Source: Fortune.

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Top 10 Global Insurance Brokers By Revenues, 2015 (1)

(US$ millions)

Rank Company Brokerage revenues Country
1 Marsh & McLennan Cos. Inc. $12,912 U.S.
2 Aon P.L.C.  11,661 U.K.
3 Willis Towers Watson P.L.C. (2) 8,124 U.K.
4 Arthur J. Gallagher & Co.  3,990 U.S.
5 Jardine Lloyd Thompson Group P.L.C. 1,698 U.K.
6 BB&T Insurance Holdings Inc.  1,676 U.S.
7 Brown & Brown Inc.  1,657 U.S.
8 Hub International Ltd.  1,470 U.S.
9 Lockton Cos. L.L.C. (3) 1,329 U.S.
10 Wells Fargo Insurance Services USA Inc. 1,316 U.S.

(1) Revenue generated by insurance brokerage and related services.
(2) Reflects the 2016 merger of Willis Group Holdings P.L.C., Towers Watson & Co. and Gras Savoye & Cie.
(3) Fiscal year ending April 30, 2015.

Source: Business Insurance (www.businessinsurance.com), July 18, 2016.

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Top 10 Global Reinsurance Brokers By Gross Reinsurance Revenues, 2013 (1)

(US$  000)

Rank Company Gross reinsurance revenues Country
1 Aon Benfield $1,505,000 U.K.
2 Guy Carpenter & Co. L.L.C. (2) 1,131,267 U.S.
3 Willis Re 860,000 U.K.
4 JLT Reinsurance Brokers Ltd. 375,869 U.K.
5 Cooper Gay Swett & Crawford Ltd. 158,466 U.K.
6 Miller Insurance Services L.L.P. (3) 93,528 U.K.
7 UIB Holdings Ltd. (2) 67,463 U.K.
8 THB Group Ltd.  58,094 U.K.
9 BMS Group Ltd. 54,300 U.K.
10 Lockton Re (3) 46,029 U.K.

(1) Includes all reinsurance revenue reported through holding and/or subsidiary companies.
(2) Includes aviation reinsurance business placed by Marsh L.L.C.
(3) Fiscal year ending April 30, 2013.

Source: Business Insurance (www.businessinsurance.com), October 27, 2014.

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Top 20 Costliest Insurance Losses, 2015 (1)

(US$ millions)

Rank Date Country Event Insured loss
in U.S. dollars
1 Aug. 12 China Port of Tianjin - explosions at a warehouse storing hazardous chemicals $2,500 to $3,500
2 Feb. 16 U.S. Severe winter storm, strong winds, heavy snowfall and ice accumulations 2,081
3 May 23 U.S. Thunderstorms, tornadoes, hail, severe flooding in Texas and Oklahoma 1,461
4 Apr. 7 U.S. Thunderstorms, large hail, tornadoes, flash floods 1,204
5 Aug. 18 Japan, Philippines, North Korea Typhoon Goni 1,150
6 Dec. 22 U.K., Ireland Floods (Storms Eva and Frank) 1,032
7 Mar. 30 Germany, Netherlands, et al. Winter Storm Niklas (2) 1,009
8 Apr. 18 U.S. Thunderstorms, large hail, tornadoes, flash floods 939
9 Sep. 12 U.S. Wildland fire “Valley Fire” 921
10 Jun. 21 U.S. Thunderstorms, large hail, tornadoes, flash floods 914
11 Dec. 4 U.K., Norway Cumbria floods (Storm Desmond) 884
12 May 6 U.S. Tornado outbreak (122 tornadoes), hail, strong winds, flash floods 850
13 Apr. 1 Mexico Fire and explosion on a drilling platform NA
14 Nov. 28 India Severe flash floods in Chennai 755
15 Apr. 20 Australia Storm (East Coast Low), flash floods, storm surge, hail 691
16 Apr. 24 U.S. Thunderstorms, large hail, tornadoes, flash floods 687
17 Aug. 2 U.S. Thunderstorms, large hail, flash floods, tornadoes 659
18 Oct. 3 France Torrential rains bring flash floods 652
19 Dec. 26 U.S. Thunderstorms, tornadoes (EF4 and EF3), blizzards, flash floods 636
20 Aug. 13 Czech Republic Gas leak at a petrochemicals plant causes an explosion and ensuing fire NA

(1) Property and business interruption losses, excludes life and liability losses. Includes flood losses in the U.S. insured via the National Flood Insurance Program. Loss data shown here may differ from figures shown elsewhere for the same event due to differences in the date of publication, the geographical area covered and other criteria used by organizations collecting the data.
(2) Loss numbers for Storm Niklas are Swiss Re estimates based on data from Perils AG.

NA=Data not available.

Source: Swiss Re, sigma, No. 1/2016; Property Claim Services (PCS®), a Verisk Analytics® business, insured losses for natural catastrophes in the United States.

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Top 10 Costliest World Insurance Losses, 1970-2015 (1)

(2015 $ millions)

Rank Date Country Event Insured loss
1 Aug. 25, 2005 U.S., Gulf of Mexico Hurricane Katrina, storm surge, damage to oil rigs $79,663
2 Mar. 11, 2011 Japan Earthquake (Mw 9.0) triggers tsunami 36,865
3 Oct. 24, 2012 U.S., Caribbean, Canada Hurricane Sandy, massive storm surge 36,115
4 Aug. 23, 1992 U.S., Bahamas Hurricane Andrew, floods 27,017
5 Sep. 11, 2001 U.S. Terror attacks on WTC, Pentagon and other buildings 25,129
6 Jan. 17, 1994 U.S. Northridge earthquake (Mw 6.7) 24,455
7 Sep. 6, 2008 U.S., Gulf of Mexico, Caribbean Hurricane Ike 22,343
8 Feb. 22, 2011 New Zealand Earthquake (Mw 6.1), aftershocks 16,853
9 Sep. 2, 2004 U.S., Caribbean, Venezuela Hurricane Ivan, damage to oil rigs 16,180
10 Jul. 27, 2011 Thailand Heavy monsoon rains, extreme flooding  15,799

(1) Property and business interruption losses, excludes life and liability losses. Includes flood losses in the United States insured via the National Flood Insurance Program. Adjusted to 2015 dollars by Swiss Re.

Note: Loss data shown here may differ from figures shown elsewhere for the same event due to differences in the date of publication, the geographical area covered and other criteria used by organizations collecting the data.

Source: Swiss Re, sigma, 1/2016.

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