Top 10 Writers Of Private Flood Insurance By Direct Premiums Written, 2020 (1)

($000)

Rank Group/company (2) Direct premiums written (3) Market share (4)
1 Zurich Insurance Group $98,749 13.8%
2 Assurant Inc. 97,374 13.6
3 American International Group (AIG) 75,318 10.6
4 AXA 68,696 9.6
5 Swiss Re Ltd. 67,471 9.5
6 Arch Capital Group Ltd. 49,678 7.0
7 Berkshire Hathaway Inc. 41,417 5.8
8 Liberty Mutual 38,601 5.4
9 Allstate Corp. 35,584 5.0
10 MAPFRE 27,123 3.8
(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) Does not include FM Global, which reclassified private flood insurance as part of allied lines in 2019. FM Global had $300 million in direct premiums written for private flood insurance in 2018 or 43 percent of the total U.S. private flood market. (3) Before reinsurance transactions. (4) Based on U.S. total, includes territories. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.