Commercial Insurance

Top 10 Writers Of Commercial Lines Insurance By Direct Premiums Written, 2020

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 Chubb Ltd. $19,399,859 5.5%
2 Travelers Companies Inc. 18,815,626 5.3
3 Liberty Mutual 17,057,397 4.8
4 Zurich Insurance Group 13,358,067 3.8
5 American International Group (AIG) 11,887,670 3.3
6 Berkshire Hathaway Inc. 11,601,352 3.3
7 CNA Financial Corp. 11,302,724 3.2
8 Hartford Financial Services 9,575,425 2.7
9 Nationwide Mutual Group 8,812,305 2.5
10 Tokio Marine Group 7,758,808 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, 2019 (1)

(US$ millions)

Rank Company Revenues Country Industry
1 Berkshire Hathaway $254,616 United States Property/casualty
2 Ping An Insurance 184,280 China Life/health
3 AXA 148,494 France Life/health
4 China Life Insurance 131,244 China Life/health
5 Allianz 130,359 Germany Life/health
6 Japan Post Holdings 109,915 Japan Life/health
7 Assicurazioni Generali 105,921 Italy Life/health
8 Prudential 93,736 United Kingdom Life/health
9 Legal & General Group 90,615 United Kingdom Life/health
10 Aviva 89,647 United Kingdom 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, 2019 (1)

(US$ millions)

Rank Company Brokerage revenues Country
1 Marsh & McLennan Cos. Inc. (2) $16,752 (3) United States
2 Aon PLC 10,939 United Kingdom
3 Willis Towers Watson PLC 8,941 United Kingdom
4 Arthur J. Gallagher & Co. 5,716 United States
5 Hub International Ltd. 2,392 United States
6 Brown & Brown Inc. 2,385 United States
7 Truist Insurance Holdings Inc. (2) 2,271 United States
8 Lockton Cos. LLC (4) 1,868 United States
9 USI Insurance Services LLC 1,831 United States
10 Acrisure LLC 1,807 United States

(1) Revenue generated by insurance brokerage and related services.
(2) Reflects acquisitions made in 2019.
(3) Business Insurance estimate of pro forma revenue to reflect the acquisition of Assurance Agency Ltd. in April 2020.
(4) Fiscal year ending April 30.

Source: Business Insurance (www.businessinsurance.com), July 2020.

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Top Five Global Reinsurance Brokers By Reinsurance Brokerage and Related Services Revenues, 2019 (1)

(US$ millions)

Rank Company Gross reinsurance revenues Country
1 Aon's Reinsurance Solutions $1,665.0 United Kingdom
2 Guy Carpenter & Co. LLC (2) 1,482.1 United States
3 Willis Re 1,021.8 United Kingdom
4 TigerRisk Partners LLC 125.0 United States
5 Gallagher Re (3) 100.0 United States

(1) Includes all reinsurance revenue reported through holding and/or subsidiary companies.
(2) Acquired JLT Reinsurance in April 2019.
(3) Formerly Capsicum Reinsurance Brokers LLP.

Source: Business Insurance (www.businessinsurance.com), October 2020.

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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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