Current Table

Top 10 Writers of Private Flood Insurance By Direct Premiums Written, 2017 (1)

($000)

Rank Group/company Direct premiums written (2) Market share (3)
1 FM Global $237,334 40.3%
2 Assurant Inc. 89,901 15.3
3 Zurich Insurance Group (4) 62,749 10.7
4 American International Group (AIG) 58,233 9.9
5 Swiss Re AG 26,336 4.5
6 Berkshire Hathaway Inc. 17,120 2.9
7 Liberty Mutual 15,460 2.6
8 Alleghany Corp. 13,197 2.2
9 MAPFRE SA 13,103 2.2
10 Allianz 11,705 2.0
  Total, all insurers $589,147 100.0%

(1) Private flood includes both commercial and private residential coverage, primarily first-dollar standalone policies that cover the flood peril and excess flood. Excludes sewer/water backup and the crop flood peril.
(2) Before reinsurance transactions.
(3) Based on U.S. total, includes territories.
(4) Data for Farmers Insurance Group of Companies and Zurich Financial Group (which owns Farmers' management company) are reported separately by S&P Global Market Intelligence.

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

 
Top 10 Writers of Private Flood Insurance By Direct Premiums Written, 2016
($000)
Rank Group/Company Direct premiums written (1) Market share  (2)
1 FM Global  $206,345 54.9%
2 American International Group 63,460 16.9
3 Swiss Re Ltd. 33,378 8.9
4 MAPFRE SA 14,345 3.8
5 Alleghany Corp. 13,080 3.5
6 Allianz Group 11,354 3.0
7 Chubb Ltd.  9,839 2.6
8 Validus Holdings Ltd.  6,444 1.7
9 Munich-American Holding Corp.  5,415 1.4
10 United Surety & Indemnity Co. 4,215 1.1
  Total, all insurers $376,134 100.0%

(1) Private flood includes both commercial and private residential coverage, primarily first-dollar standalone policies
that cover the flood peril and excess flood. Excludes sewer/water backup and the crop flood peril.
(2) Based on U.S. total, includes territories.

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