Commercial Insurance

Top 10 Writers Of Commercial Lines Insurance By Direct Premiums Written, 2018

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 Travelers Companies Inc. $17,580,086 5.5%
2 Chubb Ltd. 17,533,247 5.5
3 Liberty Mutual 15,910,049 5.0
4 American International Group (AIG) 12,715,146 4.0
5 Zurich Insurance Group 12,171,979 3.8
6 Berkshire Hathaway Inc. 10,341,805 3.2
7 CNA Financial Corp. 10,216,730 3.2
8 Hartford Financial Services 9,071,385 2.8
9 Nationwide Mutual Group 7,951,827 2.5
10 Tokio Marine Group 6,959,032 2.2

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, includes territories.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Top 10 Global Insurance Companies By Revenues, 2018 (1)

(US$ millions)

Rank Company Revenues Country Industry
1 Berkshire Hathaway $247,837 U.S. Property/casualty
2 Ping An Insurance 163,597 China Life/health
3 Allianz 126,800 Germany Property/casualty
4 AXA 125,578 France Life/health
5 China Life Insurance 116,172 China Life/health
6 Japan Post Holdings 115,221 Japan Life/health
7 Assicurazioni Generali 88,157 Italy Life/health
8 State Farm Insurance Cos. 81,732 U.S.  Property/casualty
9 People's Insurance Company of China 75,377 China Property/casualty
10 Nippon Life Insurance 74,202 Japan Life/health

(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 Property/Casualty Insurance Companies By Revenues, 2011 (1)

($ millions)

Rank Company Revenues Country
1 Berkshire Hathaway $143,688 U.S.
2 Allianz 134,168 Germany
3 Munich Re Group 90,137 Germany
4 American International Group 71,730 U.S.
5 State Farm Insurance Cos. 64,305 U.S.
6 Zurich Insurance Group 52,983 Switzerland
7 MS&AD Insurance Group Holdings 47,684 Japan
8 Tokio Marine Holdings  43,264 Japan
9 People's Insurance Co. of China 36,549 China
10 NKSJ Holdings 35,343 Japan

(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, 2018 (1)

(US$ millions)

Rank Company Brokerage revenues Country
1 Marsh & McLennan Cos. Inc. (2) $16,839 (3) U.S.
2 Aon PLC 10,717 U.K.
3 Willis Towers Watson PLC  8,413 U.K.
4 Arthur J. Gallagher & Co.  5,107 U.S.
5 Hub International Ltd.  2,147 U.S.
6 BB&T Insurance Holdings Inc. (4) 2,016 U.S.
7 Brown & Brown Inc. (4) 2,010 U.S.
8 Lockton Cos. LLC (5) 1,706 U.S.
9 USI Insurance Services LLC 1,665 U.S.
10 Acrisure LLC 1,378 U.S.

(1) Revenue generated by insurance brokerage and related services.
(2) Reflects acquistions made in 2018 and 2019.
(3) Pro forma to reflect the acquisition of Jardine Lloyd Thompson Group PLC in April 2019.
(4) Reflects acquisition made in 2018.
(5) Fiscal year ending April 30.

Source: Business Insurance (www.businessinsurance.com), July, 2019.

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Top Five Global Reinsurance Brokers By Reinsurance Brokerage and Related Services Revenues, 2017 (1)

(US$ millions)

Rank Company Gross reinsurance revenues Country
1 Aon Benfield $1,417.0 U.K.
2 Guy Carpenter & Co. L.L.C. 1,188.6 U.S.
3 Willis Re 853.4 U.K.
4 JLT Reinsurance  383.1 U.K.
5 UIB Holdings Ltd. 64.3 U.K.

(1) Includes all reinsurance revenue reported through holding and/or subsidiary companies.

Source: Business Insurance (www.businessinsurance.com), October 2018.

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Top 10 U.S.-Based Surplus Lines Insurance Companies By Nonadmitted Direct Premiums Written, 2016 (1)

Rank Company Parent Nonadmitted direct written premiums
1 Lexington Insurance Co. American International Group lnc. $3,072,090,784
2 Nationwide Mutual Insurance Co. (2) Nationwide Mutual Insurance Co. 1,677,321,986
3 Chubb LTD. (3) Chubb LTD. 1,486,045,491
4 (AEGIS) Associated Electric & Gas Ins. Services Inc. AEGIS 1,236,475,000
5 Markel Corp. Markel Corp. 1,234,126,766
6 Liberty Mutual Holding Co. Inc. (4) Liberty Mutual Insurance 1,206,000,000
7 Steadfast Insurance Co. Zurich Insurance Group Ltd. 1,075,923,941
8 Indian Harbor Insurance Co. XL Group P.L.C. 928,755,594
9 National Fire & Marine Insurance Co. Berkshire Hathaway Reinsurance Group 901,676,070
10 AIG Specialty Insurance Co. American International Group lnc. 724,617,049

(1) Excludes Lloyd's of London syndicates.
(2) Formerly Scottsdale Insurance Company and Western Heritage Insurance Company.
(3) Includes Westchester Surplus Lines Insurance Co., Illinois Union Insurance Co., Chubb Custom Insurance Co. and Executive Risk Specialty Insurance Co.
(4) Acquired Ironshore Specialty Insurance Co.

Source: Business Insurance (www.businessinsurance.com), September 2017.

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