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, 2020 (1)

(US$ millions)

Rank Company Revenues Country Industry
1 Berkshire Hathaway $245,510 United States Property/casualty
2 Ping An Insurance 191,509 China Life/health
3 China Life Insurance 144,589 China Life/health
4 Allianz 136,173 Germany Life/health
5 AXA 128,011 France Life/health
6 Japan Post Holdings 110,561 Japan Life/health
7 Assicurazioni Generali 97,129 Italy Life/health
8 People's Insurance Co. of China 84,290 China  Property/casualty
9 State Farm 78,898 United States Property/casualty
10 Nippon Life Insurance 76,984 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, 2020 (1)

(US$ millions)

Rank Company Brokerage revenues Country
1 Marsh & McLennan Cos. Inc. (2) $17,267 United States
2 Aon PLC 11,039 United Kingdom
3 Willis Towers Watson PLC  9,286 United Kingdom
4 Arthur J. Gallagher & Co.  6,070 United States
5 Hub International Ltd.  2,698 United States
6 Brown & Brown Inc. 2,606 United States
7 Truist Insurance Holdings Inc.  2,434 United States
8 Lockton Cos. LLC (3) 2,146 United States
9 Acrisure LLC 1,973 United States
10 USI Insurance Services LLC 1,949 United States

(1) Revenue generated by insurance brokerage and related services.
(2) Acquired PayneWest Insurance Inc. on April 21, 2021.
(3) Fiscal year ending April 30.

Source: Business Insurance (www.businessinsurance.com), July/August 2021.

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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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