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AM Best has ranked the world’s biggest insurance brokers based on 2023 total revenue, with a new number three emerging and three newcomers making the cut.
Here is a list of the 15 largest insurance brokers in the world based on data published by A.M. Best, a credit rating company.
Explore our insurance industry ranking and award lists. Best Insurance Agencies to Work For Top 100 Property/Casualty Agencies
After jumping up 19 spots in 2021, World Insurance Associates LLP (World), backed by Charlesbank, jumped another six spots to #28 on the top 100 list – with $347 million in revenue (a 54.7% YoY increase). World also completed 35 publicly announced M&A deals in 2022, down from 52 deals in 2021.
100 LARGEST BROKERS OF U.S. BUSINESS* Ranked by 2022 brokerage revenue generated by U.S.-based clients.
Business Insurance s annual Broker Profiles highlight market trends and profiles the leading brokerages.
Business Insurance’s annual Broker Profiles highlight market trends and profiles the leading brokerages. WORLD’S TOP INSURANCE BROKERS #1: Marsh & McLennan Cos. Inc.
spot in Business Insurance’s 2020 ranking of the world’s largest brokerages. In this year’s first quarter, Gallagher posted a 9.5% increase in brokerage revenue to $1.44 billion; organic revenue rose $40 million, or 3.1%. The brokerage completed 49 acquisitions in 2019 with total estimated annual revenue of $468
AM Best has ranked the world’s biggest insurance brokers based on 2023 total revenue, with a new number three emerging and three newcomers making the cut.
Marsh McLennan remains in the No. 1 position with $17.2 billion in total revenues, $6.13 billion ahead of second-place Aon plc. The Aon and Willis Towers Watson marquee deal has not been finalized, so it did not affect Best's Review's annual ranking of global insurance brokers, based on 2020 results.