TOP TEN COMMERCIAL INSURANCE BROKERS OF U.S. BUSINESS BY REVENUES, 2008 (1)
| 1 |
Marsh & McLennan Cos. Inc. |
$5,297.4 |
| 2 |
Aon Corp. |
2,558.5 |
| 3 |
Willis Group Holdings Ltd. (2) |
1,781.9 |
| 4 |
Wells Fargo °µÍø½ûÇø Services (3) |
1,743.1 |
| 5 |
Arthur J. Gallagher & Co. |
1,401.8 |
| 6 |
Brown & Brown Inc. |
963.1 |
| 7 |
BB&T °µÍø½ûÇø Services Inc. |
962.1 |
| 8 |
USI Holdings Corp. |
633.2 |
| 9 |
Hub International Ltd. |
537.6 |
| 10 |
Lockton Cos. L.L.C. |
537.1 (4) |
|
(1) Companies that derive more than 20 percent of revenues generated by U.S.-based clients, from commercial retail brokerage. Excludes revenue from the placement of employee benefits.
(2) Includes Hilb Rogal & Hobbs Co., purchased October 2008.
(3) Includes Wachovia °µÍø½ûÇø Services Inc., purchased December 2008.
(4) Fiscal year ending April 30.
Source: Business °µÍø½ûÇø, July 20, 2009.
TOP TEN COMMERCIAL INSURANCE BROKERS OF U.S. BUSINESS BY REVENUES, 2009 (1)
| 1 |
Marsh & McLennan Cos. Inc. (2) |
$4,938.3 |
| 2 |
Aon Corp. |
2,667.6 |
| 3 |
Willis Group Holdings P.L.C. |
1,669.2 |
| 4 |
Wells Fargo °µÍø½ûÇø Services Inc. |
1,560.9 |
| 5 |
Arthur J. Gallagher & Co. |
1,523.4 |
| 6 |
BB&T °µÍø½ûÇø Services Inc. |
1,081.5 |
| 7 |
Brown & Brown Inc. |
962.0 |
| 8 |
USI Holdings Corp. |
628.0 |
| 9 |
Lockton Cos. L.L.C. |
528.5 |
| 10 |
Hub International Ltd. |
514.9 |
|
(1) Companies that derive more than 50 percent of revenues from commercial retail brokerage or employee benefits.
(2) Revenues do not include HSBC °µÍø½ûÇø Brokers Ltd., purchased April 2010.
Source: Business °µÍø½ûÇø, July 19, 2010.
TOP TEN COMMERCIAL INSURANCE BROKERS OF U.S. BUSINESS BY REVENUES, 2010 (1)
| 1 |
Marsh & McLennan Cos. Inc. |
$4,662.2 |
| 2 |
Aon Corp. |
4,242.4 |
| 3 |
Willis Group Holdings P.L.C. |
1,650.0 |
| 4 |
Wells Fargo °µÍø½ûÇø Services USA Inc. |
1,649.5 |
| 5 |
Arthur J. Gallagher & Co. |
1,557.2 |
| 6 |
BB&T °µÍø½ûÇø Services Inc. |
1,078.6 |
| 7 |
Brown & Brown Inc. |
964.0 |
| 8 |
USI Holdings Corp. |
632.2 |
| 9 |
Lockton Cos. L.L.C. (2) |
578.8 |
| 10 |
Hub International Ltd. |
510.3 |
|
(1) Companies that derive more than 50 percent of revenues from commercial retail brokerage or employee benefits.
(2) Fiscal year ending April 30.
Source: Business °µÍø½ûÇø, July 18, 2011.
TOP TEN COMMERCIAL INSURANCE BROKERS OF U.S. BUSINESS BY REVENUES, 2011 (1)
| 1 |
Marsh & McLennan Cos. Inc. |
$5,068.4 |
| 2 |
Aon P.L.C. |
5,052.6 |
| 3 |
Arthur J. Gallagher & Co. |
1,694.3 |
| 4 |
Wells Fargo °µÍø½ûÇø Services USA Inc. |
1,626.9 |
| 5 |
Willis Group Holdings P.L.C. |
1,604.6 |
| 6 |
Brown & Brown Inc. |
1,107.7 |
| 7 |
BB&T °µÍø½ûÇø Services Inc. |
1,104.1 |
| 8 |
National Financial Partners Corp. |
693.0 |
| 9 |
USI Holdings Corp. |
659.3 |
| 10 |
Lockton Cos. L.L.C. (2) |
633.1 |
|
(1) Companies that derive more than 49 percent of revenues from personal lines business are not ranked.
(2) Fiscal year ending April 30.
Source: Business °µÍø½ûÇø, July 16, 2012.
TOP TEN COMMERCIAL INSURANCE BROKERS OF U.S. BUSINESS BY REVENUES, 2012 (1)
| 1 |
Aon P.L.C. |
$5,318.0 |
| 2 |
Marsh & McLennan Cos. Inc. |
5,300.2 |
| 3 |
Arthur J. Gallagher & Co. |
1,908.0 |
| 4 |
Willis Group Holdings P.L.C. |
1,625.3 |
| 5 |
Wells Fargo °µÍø½ûÇø Services USA Inc. |
1,575.4 |
| 6 |
BB&T °µÍø½ûÇø Holdings Inc. |
1,480.3 |
| 7 |
Brown & Brown Inc. (2) |
1,386.4 |
| 8 |
Lockton Cos. L.L.C. (3) |
745.3 |
| 9 |
National Financial Partners Corp. |
744.2 |
| 10 |
USI Holdings Corp. |
712.5 |
|
(1) Companies that derive more than 49 percent of revenues from personal lines business are not ranked.
(2) Pro forma to reflect the July 1, 2013 purchase of Beecher Carlson Holdings Inc.
(3) Fiscal year ending April 30.
Source: Business °µÍø½ûÇø, July 29, 2013.
TOP TEN COMMERCIAL INSURANCE BROKERS OF U.S. BUSINESS BY REVENUES, 2013 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Aon P.L.C. |
$5,561 |
| 2 |
Marsh & McLennan Cos. Inc. (2) |
5,522 |
| 3 |
Arthur J. Gallagher & Co. (2) |
2,111 |
| 4 |
Willis Group Holdings P.L.C. |
1,744 |
| 5 |
BB&T °µÍø½ûÇø Holdings Inc. (2) |
1,582 |
| 6 |
Brown & Brown Inc. |
1,356 |
| 7 |
Wells Fargo °µÍø½ûÇø Services USA Inc. |
1,350 |
| 8 |
Lockton Cos. L.L.C. (3) |
826 |
| 9 |
USI Holdings Corp. (2) |
782 |
| 10 |
Hub International Ltd. (2) |
769 |
|
(1) Companies that derive less than 50 percent of revenues from commercial retail brokerage or employee benefits are not ranked.
(2) Reported U.S. acquisitions in 2013.
(3) Fiscal year ending April 30.
Source: Business °µÍø½ûÇø (), July 21, 2014.
TOP 10 COMMERCIAL INSURANCE BROKERS OF U.S. BUSINESS BY REVENUE, 2014 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Marsh & McLennan Cos. Inc. (2) |
$5,835 |
| 2 |
Aon P.L.C. |
5,811 |
| 3 |
Arthur J. Gallagher & Co. (2) |
2,400 |
| 4 |
Willis Group Holdings P.L.C. (2) |
1,733 |
| 5 |
BB&T °µÍø½ûÇø Holdings Inc. (2) |
1,714 |
| 6 |
Brown & Brown Inc. (2) |
1,567 |
| 7 |
Wells Fargo °µÍø½ûÇø Services USA Inc. |
1,299 |
| 8 |
USI Holdings Corp. (2) |
913 |
| 9 |
Lockton Cos. L.L.C. (3) |
911 |
| 10 |
Hub International Ltd. (2) |
907 |
|
(1) Companies that derive less than 50 percent of revenues from commercial retail brokerage or employee benefits are not ranked.
(2) Reported U.S. acquisitions in 2014.
(3) Fiscal year ending April 30.
Source: Business °µÍø½ûÇø (), July 20, 2015.
Top 10 Commercial °µÍø½ûÇø Brokers Of U.S. Business By Revenue, 2015 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Marsh & McLennan Cos. Inc. (2) |
$6,327 |
| 2 |
Aon P.L.C. |
6,052 |
| 3 |
Willis Towers Watson P.L.C. (2) |
3,981 |
| 4 |
Arthur J. Gallagher & Co. |
2,713 |
| 5 |
BB&T °µÍø½ûÇø Holdings Inc. |
1,676 |
| 6 |
Brown & Brown Inc. |
1,657 |
| 7 |
Wells Fargo °µÍø½ûÇø Services USA Inc. |
1,316 |
| 8 |
Hub International Ltd. |
1,147 |
| 9 |
USI °µÍø½ûÇø Services L.L.C. |
1,028 |
| 10 |
Lockton Cos. L.L.C. (3) |
996 |
|
(1) Companies that derive less than 50 percent of revenues from commercial retail brokerage or employee benefits are not ranked.
(2) Reported U.S. acquisitions in 2015.
(3) Fiscal year ending April 30.
Source: Business °µÍø½ûÇø (), July 18, 2016.
Top 10 Commercial °µÍø½ûÇø Brokers Of U.S. Business By Revenue, 2016 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Marsh & McLennan Cos. Inc. (2) |
$6,614.5 |
| 2 |
Aon P.L.C. (2) |
6,065.9 |
| 3 |
Willis Towers Watson P.L.C. |
3,733.4 |
| 4 |
Arthur J. Gallagher & Co. (2) |
2,888.4 |
| 5 |
BB&T °µÍø½ûÇø Holdings Inc. (2) |
1,809.2 |
| 6 |
Brown & Brown Inc. (2) |
1,762.8 |
| 7 |
Hub International Ltd. (2) |
1,286.1 |
| 8 |
Lockton Cos. L.L.C. (3) |
1,054.7 |
| 9 |
USI °µÍø½ûÇø Services L.L.C. (2) |
1,030.1 |
| 10 |
Wells Fargo °µÍø½ûÇø Services USA Inc. |
980.8 |
|
(1) Companies that derive more than 49 percent of revenues from personal lines are not ranked.
(2) Reported U.S. acquisitions in 2016.
(3) Fiscal year ending April 30.
Source: Business °µÍø½ûÇø (), July 2017.
Top 10 Commercial °µÍø½ûÇø Brokers Of U.S. Business By Revenue, 2017 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Marsh & McLennan Cos. Inc. (2) |
$6,877.2 |
| 2 |
Aon P.L.C. (2) |
4,411.0 |
| 3 |
Willis Towers Watson P.L.C. |
3,814.5 |
| 4 |
Arthur J. Gallagher & Co. (2) |
3,132.2 |
| 5 |
BB&T °µÍø½ûÇø Holdings Inc. (2) |
1,918.3 |
| 6 |
Brown & Brown Inc. (2) |
1,857.3 |
| 7 |
USI °µÍø½ûÇø Services L.L.C. (2) |
1,635.0 |
| 8 |
Hub International Ltd. (2) |
1,459.4 |
| 9 |
Lockton Cos. L.L.C. (2), (3) |
1,157.6 |
| 10 |
Alliant °µÍø½ûÇø Services Inc. (2) |
1,123.6 |
|
(1) Companies that derive more than 49 percent of revenues from personal lines are not ranked.
(2) Reported U.S. acquisitions in 2017.
(3) Fiscal year ending April 30.
Source: Business °µÍø½ûÇø (), July 2018.
Top 10 Commercial °µÍø½ûÇø Brokers Of U.S. Business By Revenue, 2018 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Marsh & McLennan Cos. Inc. (2), (3) |
$7,524.0 |
| 2 |
Aon PLC (2) |
4,654.4 |
| 3 |
Willis Towers Watson PLCÂ |
3,954.1 |
| 4 |
Arthur J. Gallagher & Co. (2) |
3,574.6 |
| 5 |
BB&T °µÍø½ûÇø Holdings Inc. (2) |
2,016.3 |
| 6 |
Brown & Brown Inc. (2) |
2,009.9 |
| 7 |
Hub International Ltd. (2) |
1,674.4 |
| 8 |
USI °µÍø½ûÇø Services LLC (2) |
1,665.4 |
| 9 |
Alliant °µÍø½ûÇø Services Inc. (2) |
1,346.2 |
| 10 |
Acrisure LLC (2) |
1,323.0 |
|
(1) Companies that derive more than 49 percent of revenues from personal lines are not ranked.
(2) Reported U.S. acquisitions in 2018 and 2019.
(3) Pro forma to reflect the acquisition of Jardine Lloyd Thompson Group PLC in April 2019.
Source: Business °µÍø½ûÇø (), July 2019.
Top 10 Commercial °µÍø½ûÇø Brokers Of U.S. Business By Revenue, 2019 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Marsh & McLennan Cos. Inc. (2), (3) |
$7,934.4 |
| 2 |
Aon PLC |
4,982.7 |
| 3 |
Willis Towers Watson PLC (2) |
4,291.7 |
| 4 |
Arthur J. Gallagher & Co. (2) |
3,944.3 |
| 5 |
Brown & Brown Inc. (2) |
2,384.7 |
| 6 |
Truist °µÍø½ûÇø Holdings Inc. (2) |
2,270.8 |
| 7 |
Hub International Ltd. (2) |
1,841.7 |
| 8 |
USI °µÍø½ûÇø Services LLC (2) |
1,813.0 |
| 9 |
Acrisure LLC (2) |
1,716.2 |
| 10 |
Alliant °µÍø½ûÇø Services Inc. (2) |
1,576.4 |
|
(1) Companies that derive more than 49 percent of revenues from personal lines are not ranked.
(2) Reported U.S. acquisitions in 2019.
(3) Acquired Assurance Agency Ltd. on April 1, 2020. Business °µÍø½ûÇø estimate of pro forma revenue to reflect acquisition.
Source: Business °µÍø½ûÇø (), July 2020.
Top 10 Commercial °µÍø½ûÇø Brokers Of U.S. Business By Revenue, 2020 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Marsh & McLennan Cos. Inc. (1), (2) |
$8,115 |
| 2 |
Aon PLC (1) |
5,019 |
| 3 |
Willis Towers Watson PLCÂ |
4,643 |
| 4 |
Arthur J. Gallagher & Co. (1) |
4,128 |
| 5 |
Brown & Brown Inc. (1) |
2,590 |
| 6 |
Truist °µÍø½ûÇø Holdings Inc. (1) |
2,434 |
| 7 |
Hub International Ltd. (1) |
2,077 |
| 8 |
USI °µÍø½ûÇø Services LLC (1) |
1,929 |
| 9 |
Acrisure LLC (1) |
1,871 |
| 10 |
Alliant °µÍø½ûÇø Services Inc. (1) |
1,778 |
|
(1) Companies that derive more than 49 percent of revenues from personal lines are not ranked.
(2) Reported U.S. acquisitions in 2020.
(3) Acquired PayneWest °µÍø½ûÇø Inc. on April 21, 2021.
Source: Business °µÍø½ûÇø (), July/August 2021.
Top 10 Commercial °µÍø½ûÇø Brokers Of U.S. Business By Revenue, 2021 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Marsh & McLennan Cos. Inc. (1), (2) |
$9,334 |
| 2 |
Aon PLC (1) |
5,455 |
| 3 |
Arthur J. Gallagher & Co. (1), (2) |
4,667 |
| 4 |
Willis Towers Watson PLC (1), (2) |
4,501 |
| 5 |
Brown & Brown Inc. (1), (2) |
2,992 |
| 6 |
Truist °µÍø½ûÇø Holdings Inc. (1), (2) |
2,863 |
| 7 |
Acrisure LLC (1) |
2,690 |
| 8 |
Alliant °µÍø½ûÇø Services Inc. (1), (2) |
2,609 |
| 9 |
Hub International Ltd. (1) |
2,420 |
| 10 |
USI °µÍø½ûÇø Services LLC (1), (2) |
2,149 |
|
(1) Companies that derive more than 49 percent of revenues from personal lines are not ranked.
(2) Reported U.S. acquisitions in 2021.
Source: Business °µÍø½ûÇø (), July 2022.
Top 10 Commercial °µÍø½ûÇø Brokers Of U.S. Business By Revenue, 2022 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Marsh & McLennan Cos. Inc. (1), (2) |
$10,125 |
| 2 |
Aon PLC (1), (2) |
5,631 |
| 3 |
Arthur J. Gallagher & Co. (1), (2) |
5,445 |
| 4 |
Willis Towers Watson PLC (1) |
4,712 |
| 5 |
Truist °µÍø½ûÇø Holdings Inc. (1), (2) |
3,345 |
| 6 |
Brown & Brown Inc. (1), (2) |
3,334 |
| 7 |
Acrisure LLC (1) |
3,322 |
| 8 |
Alliant °µÍø½ûÇø Services Inc. (1), (2) |
3,129 |
| 9 |
Hub International Ltd. (1), (2) |
2,931 |
| 10 |
USI °µÍø½ûÇø Services LLC (1), (2) |
2,451 |
|
(1) Companies that derive more than 49 percent of revenues from personal lines are not ranked.
(2) Reported U.S. acquisitions in 2022.
Source: Business °µÍø½ûÇø (), July 2023.
Top 10 Commercial °µÍø½ûÇø Brokers Of U.S. Business By Revenue, 2023 (1)
| Rank |
Company |
Brokerage revenues |
| 1 |
Marsh & McLennan Cos. Inc. (1), (2) |
$10,726 |
| 2 |
Aon PLC (1), (2) |
7,744 |
| 3 |
Arthur J. Gallagher & Co. (1), (2) |
6,211 |
| 4 |
Willis Towers Watson PLC (1) |
4,931 |
| 5 |
Alliant °µÍø½ûÇø Services Inc. (1), (2) |
3,833 |
| 6 |
Brown & Brown Inc. (1), (2) |
3,674 |
| 7 |
Truist °µÍø½ûÇø Holdings Inc. (1), (2) |
3,392 |
| 8 |
Acrisure LLC (1) |
3,382 |
| 9 |
Hub International Ltd. (1), (2) |
3,369 |
| 10 |
USI °µÍø½ûÇø Services LLC (1), (2) |
2,653 |
|
(1) Companies that derive more than 49 percent of revenues from personal lines are not ranked.
(2) Reported U.S. acquisitions in 2023.
Source: Business °µÍø½ûÇø (), July/August 2024.