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Marsh expands brokerage dominance – The Royal Gazette

Updated: Jul 06, 2022 6:58 PM

Marsh McLennan has extended his dominance as the world’s largest re/insurance broker, generating $19.8 billion in revenue in 2021, according to the industry website Reinsurance news.

The website’s directory of the world’s top 20 insurance and reinsurance brokers is based on research data from AM Best, the rating agency.

Year-over-year, Marsh McLennan’s total revenue increased by $2.6 billion as of December 31, 2021, according to the report.

Second-ranked broker Aon saw its revenue increase from $1.13 billion to $12.2 billion over the same period.

WTW ranks third, with total revenue increasing from $9.35 billion in 2020 to $9 billion in 2021, Reinsurance news said.

The Top 10 includes Arthur J Gallagher ($6.9 billion in revenue), Hub International ($3.23 billion), Brown & Brown ($3.05 billion), Acrisure (2, $97 billion), Alliant Insurance Services ($2.9 billion), Truist Insurance Holdings ($2.88 billion). ) and Lockton ($2.8 billion).

Reinsurance news said the 11th through 20th spots are taken by USI Insurance Services ($2.3 billion), AssuredPartners ($2.04 billion), NFP Corp ($1.9 billion), Amwins ($1.8 billion billion), Howden ($1.57 billion), The Ardonagh Group ($1.3 billion), CBIZ Inc ($1.1 billion), Epic Insurance Brokers ($806.1 million), AmeriTrust Group Inc ($667.6 million) and Fanhua Inc ($513.3 million).

Marsh, the world’s largest re/insurance broker, generated $19.8 billion in revenue in 2021 (Photograph by David Fox)