Insurance brokerage firms are organizations acting as a negotiator between their customers and insurance companies.
Brokerage firms provide assistance and consultancy to prospective clients regarding coverage plans and broker insurance policies that ensure the maximum coverage of the risk.
Insurance brokers have vast experience and knowledge in business. They can provide clients with policies that best suit them while also analyzing which insurance companies give the most coverage at the best rates. Insurance brokers make money through the commission earned from selling insurance policies.
The following are the top insurance brokers in the USA. We have developed this list after careful analysis of the companies and their services. “AM Best” data has also assisted in the findings.
Top insurance brokers in the USA:
1. MARSH AND McLENNAN COS. INC.
Revenue: $14.20 billion
1166 Avenue of the Americas
New York City, New York 10011
Tel.: (212) 345-5000
Marsh & McLennan Companies, Incorporate established in the year “1905” is one of the oldest insurance brokerage firms currently in the USA. With a revenue of $ 14.20 billion, the company has more the 76000 dedicated employees. The company has held the number 1 spot in the list of largest insurance brokers since 2017. Its impeccable customer services and expert consultancy and advisory has served businesses and individuals throughout the country.
2. AON PLC.
Revenue: $10 billion
Headquarters: The Aon Centre, The Leaden hall Building 122 Leaden hall St.
London, England EC3V 4AN
Tel.: +44 (0)20 7623 5500
Fax: +44 (0)20 7621 1511
Aon Plc. established in the year 1982. Headquartered in London, United Kingdom, the company specializes in financial risk mitigation and consultancy services.
The company started its operations in the USA after merging with the Combined Insurance Company of America. The company has approximately 50,000 employees and $ 5 Billion of equity. It provides insurance brokerage, pension administration, and other risk mediation services in around 120 countries. In 2020, Aon Plc. acquired Willis Towers Watson for about $30 billion.
3. WILLIS TOWERS WATSON PLC.
Revenue: $9 billion
Headquarters: The Willis Building, 51 Lime St. London EC3M 7DQ
Tel.: +44 (0) 203 124 6000
Willis Towers Watson is an Insurance Brokerage and advisory company. The company went global in 2016 and earned revenue of $ 9 Billion. With about 46000 workforces, the company provides risk management, insurance brokerages, and consultancy services. In 2020, the company merged with its competitor Aon Plc in an all-equity stock deal of $ 30 Billion. Combined, both companies make the world’s largest brokerage firm.
4. ARTHUR J. GALLAGHER & C0.
Revenue: $6.16 billion
Headquarters: 2850 Golf Road Rolling Meadows, Illinois 60008
Tel.: (630) 773-3800
Arthur J. Gallagher and Co. is an insurance brokerage and risk management firm established in 1927. It is one of the largest insurance brokerage firms in the world. The company has earned $6.16 billion in revenues and employs approximately 31,000 people.
The company provides insurance and reinsurance are the services. It holds the number 4 spot on our list of top insurance brokers.
5. BROWN & BROWN INC.
Revenue: $2.38 billion
Headquarters: 220 South Ridgewood Ave. Daytona Beach, Florida 32115
Tel.: (386) 252-9601
Brown and Brown Inc. provides a wide range of insurance services to individuals and businesses, currently ranking 5th among the largest insurance brokerages in the United States. The company also has the title of eighth largest insurance brokerage firm in the world. With about 10,000 employees, the company is one of the members comprising the S&P 400 stock market index.
Dayton, MN 55327
Tel: 1 (612) 438-3377
Betters Insurance is an independent insurance agency. We represent a wide range of insurance plans and types, catering to the individual needs of our clients. Our friendly, experienced professionals can help you select a comprehensive insurance package.
7. TRUIST INSURANCE HOLDINGS INC.
Revenue: $2.27 billion
Headquarters: Truist Center, 214 N Tryon Street Charlotte, NC
Founded in the year “1872” as BB&T, The Company has merged with Sun Trust bank, forming Truist Financial Corporation in 2019.
The company’s insurance brokerage unit new ground for growth resulted in its current 6th ranking among the top insurance brokers in the U.S.
The company has$ 11 billion in revenues and an approximate workforce of 37,000 employees. The company provided financial risk mitigation and management services to businesses and individuals.
8. HUB INTERNATIONAL LTD.
Revenue: $1.8 billion
Headquarters: 300 N. LaSalle St., 17th Floor Chicago, Illinois 60654
Tel.: (800) 432-2558
Established in the year “1998”, Hub International provides brokerage and consultancy of property, casualty, risk management, life and health, employee benefits, investment, and wealth management products and services.
With $1.8 billion in revenues and 10,000 employees, the company is ranked 7th on our list of top insurance brokers in the U.S. The company has recently acquired asses of Linton & Associates Insurance Agency in 2020.
9. USI INSURANCE SERVICES LLC
Revenue: $1.81 billion
Headquarters: 100 Summit Lake Drive, Suite 400 Valhalla, NY 10595
Tel. (914) 749-8500
Understand, Service and Innovate, or USI provides diversified insurance and professional services.
It provides services such as casualty insurance, employee benefits as well as retirement consulting.
The company has offices at more than 200 locations throughout the country and revenues of $1.8 Billion. The company has the 8th spot on our list of top insurance brokers in the U.S.
10. ACRISURE LLC.
Revenue: $1.71 billion
5664 Prairie Creek Dr. SE Caledonia, MI 49316
Tel.: (616) 541-1294
Acrisure LLC is an insurance brokerage firm founded in 2008 and has since climbed the ranks to become one of the largest insurance brokerages in the United States and the world, ranking at number 9 in the U.S and number 10 in the world. It provides services such as reinsurance, employee benefits, and personal and commercial lines. The company also invests in artificial intelligence and technology.
11. ALLIANT INSURANCE SERVICES INC.
Revenue: $1.57 billion
1301 Dove St., Suite 200
Newport Beach, CA 92660
Tel.: (949) 756-0271
Alliant Insurance Services is an insurance brokerage firm providing services like commercial and employee benefits, risk management, construction, and industry solutions. The company had established in 1997 and since been providing solution-focused brokerage and consultancy service in the country. The company holds the 10th spot on our list of top insurance brokers in the U.S.