Here are the largest 15 brokerages listed in descending order based on 2016 revenue.
Table of Contents
Top 10 insurance brokers in usa
Note that the table includes insurance brokerages only. The largest 10 insurance agencies are included in a separate list.
top 10 insurance brokers list starts with Marsh & Mclennan cos.
1. Marsh & McLennan Cos. Inc.
| Revenue: $6,614,500,000 |
| Headquarters |
| 1166 Avenue of the Americas |
| New York City, New York 10011 |
| Tel.: (212) 345-5000 |
| Website: https://www.marsh.com |
Marsh & McLennan Cos. Inc. grew through a combination of organic growth and acquisitions in 2016 amid a tough pricing environment that is not expected to end anytime soon.
New York-based Marsh & McLennan’s 2016 brokerage revenue increased 2.5% to $13.23 billion, keeping it atop the Business Insurance broker rankings.
Last year marked the company’s sixth consecutive year of underlying organic growth greater than 3%, which Peter Zaffino, CEO of Marsh L.L.C. and chairman of the risk and insurance services segment of Marsh & McLennan, attributed to the broker’s ability to acquire new clients, geographic distribution, middle-market expansion strategy and investments made in previous years paying off in 2016.
The company has reported strong organic revenue growth in its brokerage division, and its reinsurance unit has also fared well despite pricing headwinds, said Elyse Greenspan, equity research analyst and director with Wells Fargo Securities in New York.
“Externally, things could be better, but there’s not a whole lot to complain about internally,” said Meyer Shields, managing director at Keefe, Bruyette & Woods Inc. in Baltimore.
“The two issues that are most important are insurance pricing and general economic growth. In that context, we’re still seeing steady progress,” Mr. Shields said.
Rate decreases have become more orderly, meaning reductions have moderated in the low- to mid-single-digit range, Mr. Zaffino said.
“Do we expect to continue to see rate decreases? We do,” he said. “We think that’s the environment we’re going to be in for the next couple of years.”
2. Aon P.L.C.
| Revenue: $6,065,933,500 |
| Global Headquarters |
| The Aon Centre |
| The Leadenhall Building |
| 122 Leadenhall St. |
| London, England EC3V 4AN |
| Tel.: +44 (0)20 7623 5500 |
| Fax: +44 (0)20 7621 1511 |
| Website: http://www.aon.com |
3. Willis Towers Watson P.L.C.
| Revenue: $3,733,440,000 |
| Headquarters |
| The Willis Building |
| 51 Lime St. |
| London EC3M 7DQ |
| Tel.: +44 (0) 203 124 6000 |
| Website: https://www.willis.com |
4. Arthur J. Gallagher.
| Revenue: $2,888,409,000 |
| Global Corporate Headquarters |
| 2850 Golf Road |
| Rolling Meadows, IL 60008 |
| Tel.: (630) 773-3800 |
| Website: https://www.ajg.com |
5. BB&T Insurance Holdings Inc.
| Revenue: $1,809,175,000 |
| Headquarters |
| 3605 Glenwood Avenue |
| Raleigh, NC 27622-1128 |
| Tel. Tel.:919-716-9770 |
| Website: http://www.insurance.bbt.com |
6. Brown & Brown, Inc.
| Revenue: $1,762,787,105 |
| Headquarters |
| 220 South Ridgewood Ave |
| Daytona Beach, Florida 32115 (386) 252-9601 |
| Tel.: 919-716-9770 |
| Website: http://www.bbinsurance.com |
7. HUB International
| Revenue: $1,286,060,100 |
| Headquarters |
| 300 N. LaSalle St., 17th Floor |
| Chicago, IL Illinois 60654 |
| Tel. (312) 432-2558 |
| Website: https://hubinternational.com |
8. Lockton Cos. LLC.
| Revenue: $1,054,685,740 |
| Corporate Office |
| 444 West 47th St., Suite 900 |
| Kansas City, MO 64112 |
| Tel.: (816) 960 9000 |
| Website: https://lockton.com |
9. USI Insurance Services L.L.C.
| Revenue: $1,030,124,263 |
| Corporate Office |
| 200 Summit Lake Drive, Suite 400 |
| Valhalla, NY 10595 |
| Tel.: (914) 749-8500 |
| Website: http://www.usi.com |
10. Wells Fargo Insurance Services USA Inc.
| Revenue: $980,800,000 |
| Headquarters |
| 200 Summit Lake Drive, Suite 400 |
| Valhalla, NY 10595 |
| Tel.: (914) 749-8500 |
| Website: https://wfis.usi.com |
11. Alliant Insurance Services, Inc.
| Revenue: $966,769,832 |
| Headquarters |
| 1301 Dove St., 2nd Floor |
| Newport Beach, CA 92660 |
| Tel.: (949) 756-0271 |
| Website: https://alliant.com |
12. NFP Corp.
| Revenue: $930,815,040 |
| Headquarters |
| 340 Madison Avenue |
| New York, NY 10173 |
| Tel. :(212) 301-4000 |
| Website: http://www.nfp.com |
13. AssuredPartners Inc.
| Revenue: $820,926,226 | ||||||||||||
| Headquarters | ||||||||||||
| 200 Colonial Center Parkway, Suite 140 | ||||||||||||
| Lake Mary, FL 32746 | ||||||||||||
| Tel.: Tel.: (407) 804-5222 | ||||||||||||
Website: http://www.assuredpartners.com
14. Acrisure LLC
15. BroadStreet Partners Inc.
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largest insurance brokers in usa
top us insurance brokers