Top 10 insurance brokers in usa

Here are the largest 15 brokerages listed in descending order based on 2016 revenue.

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
1166 Avenue of the Americas
New York City, New York 10011
Tel.: (212) 345-5000

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

3. Willis Towers Watson P.L.C.

Revenue: $3,733,440,000
The Willis Building
51 Lime St.
London EC3M 7DQ
Tel.: +44 (0) 203 124 6000

4. Arthur J. Gallagher.

Revenue: $2,888,409,000
Global Corporate Headquarters
2850 Golf Road
Rolling Meadows, IL 60008
Tel.: (630) 773-3800

5. BB&T Insurance Holdings Inc.

Revenue: $1,809,175,000
3605 Glenwood Avenue
Raleigh, NC 27622-1128
Tel. Tel.:919-716-9770

6. Brown & Brown, Inc.

Revenue: $1,762,787,105
220 South Ridgewood Ave
Daytona Beach, Florida 32115
(386) 252-9601
Tel.: 919-716-9770

7. HUB International

Revenue: $1,286,060,100
300 N. LaSalle St., 17th Floor
Chicago, IL Illinois 60654
Tel. (312) 432-2558

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

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

10. Wells Fargo Insurance Services USA Inc.

Revenue: $980,800,000
200 Summit Lake Drive, Suite 400
Valhalla, NY 10595
Tel.: (914) 749-8500

11. Alliant Insurance Services, Inc.

Revenue: $966,769,832
1301 Dove St., 2nd Floor
Newport Beach, CA 92660
Tel.: (949) 756-0271

12. NFP Corp.

Revenue: $930,815,040
340 Madison Avenue
New York, NY 10173
Tel. :(212) 301-4000

13. AssuredPartners Inc.

Revenue: $820,926,226
200 Colonial Center Parkway, Suite 140
Lake Mary, FL 32746
Tel.: Tel.: (407) 804-5222

14. Acrisure LLC

Revenue: $639,312,851
25664 Prairie Creek Dr. SE
Caledonia, MI 49316
Tel.: 800) 748-0351

15. BroadStreet Partners Inc.

Revenue: $423,200,000
580 N. Fourth St., Suite 450
Columbus, OH 43215
Tel.: (614) 993-3011


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