20 Biggest Insurance Brokers In The World

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Getting the best insurance for yourself and your business can easily become an arduous task if you don’t have the right information or proper access to it. It gets even worse if you are considering a broker.

This is why we have taken the time to do all the research and give you all of our findings in one interesting article. We have the 20 Biggest Insurance Brokers in the World. Now, you can narrow down your options! Are you ready?

Let’s begin by going over the necessary things you should know before getting into the Insurance brokerage world!

Captive Vs Independent Brokers

You need to find out the category your broker falls into before you consider working with the company because it affects the range of insurance products that the broker can offer you.

A captive agent only works for one insurance company, so their options are limited to that company’s products. An independent broker, on the other hand, works with multiple insurance companies and can offer you a wider range of options. Understanding the type of broker you’re dealing with can help you make an informed decision about your insurance.

Services Offered By Brokers

Here are some services offered by brokers:

  • Policy Research and Selection
  • Claims Assistance
  • Risk Assessment
  • Negotiation
  • Policy Management
  • Industry Expertise
  • Customized Solutions

Let’s talk about each of them briefly!

#1. Policy Research and Selection:

Brokers help clients find the right insurance policy by researching various options and comparing coverage, prices, and features. This is key to getting the best insurance policy that would suit you and your company in particular.

#2. Claims Assistance:

If you have a claim, a broker can help guide you through the process, from filing the claim to getting the settlement. This would ensure you don’t encounter any hiccups as regards to processing your claim.

#3. Risk Assessment:

Since you may not be as informed, brokers can help you assess the risks you face and make recommendations on the type and amount of coverage you need.

#4. Negotiation:

Brokers can negotiate with insurance carriers on your behalf to get the best coverage and rates.

#5. Policy Management:

Brokers can help you manage your policy, from renewing to updating information to changing your coverage.

#6. Industry Expertise:

They are knowledgeable about the insurance industry and can guide trends, regulations, and other factors that may affect your coverage.

#7. Customized Solutions:

It would help if you had solutions that answer your specific needs, and brokers can tailor insurance solutions to meet your specific needs, whether you’re an individual or a business.

10 Things To Keep In Mind When Choosing A Broker

Here are the things to keep in mind when choosing a broker:

  • Reputation
  • Licensing and Credentials
  • Specialization
  • Availability
  • Insurance Carriers
  • Product Type
  • Claims Management
  • Technology
  • Size
  • References

Let’s quickly discuss them!

1. Reputation:

Check out customer reviews and ask for references to get a sense of the broker’s reputation and customer service. You should all be concerned about the company’s revenue and premium. This helps to determine the capacity of the company.

2. Licensing and Credentials:

Ensure the broker is licensed and has the credentials to operate in your state. This also includes certifications and awards.

3. Specialization:

Some brokers specialize in specific types of insurance, such as health, auto, or business. Look for a broker who specializes in the type of insurance you need.

4. Availability:

Choose a broker who is responsive and available when you need them, whether it’s during normal business hours or after hours.

5. Insurance Carriers:

Find out which insurance carriers the broker represents and make sure they have access to a variety of options.

6. Product Type:

Some brokers offer a better and more varied range of products than others. You might also not be able to find how innovative the products they have been in keeping in tune with the trends.

7. Claims Management:

Find out how the broker handles claims and whether they have experience with the type of claims you are likely to file.

8. Technology:

Choose a broker who uses technology effectively, such as online quote requests and digital document sharing.

9. Size:

Consider the size of the brokerage firm. A larger firm may have more resources, but a smaller firm may offer more personalized service. It all depends on what you want.

10. References:

Ask the broker for references and check them out to get an idea of how the broker has performed for other clients.

20 Biggest Insurance Brokers In The World

Here are the best insurance brokers in the world:


Willis Towers Watson

Arthur J. Gallagher & Co. (AJG)


HUB International

Brown and Brown Insurance


USI Holdings

Risk Strategies Co

Hilb Group

Ryan Specialty Group


Truist Insurance Holdings

Coaction Specialty Insurance

Amwins Brokerage



EPIC Insurance Brokers and Consultants


#1. MarshMclennan

  • Founded: 1871
  • Headquarters: New York

MarshMclennan is the world’s leading insurance broker and risk advisory. It provides industry-focused brokerage consulting & claims advocacy services, leveraging data, tech, and analytics to help reduce clients’ total cost of risk.

The company has about 45,000 global experts, who helped realize revenue of $ 20 billion for 2023. The company also has offices in about 130 countries. If you decide to choose MarshMclennan, from experience we can tell you that it can protect out and your business.


#2. Willis Towers Watson

  • Founded: 2016
  • Headquarters: United Kingdom

WTW is an insurance and reinsurance broker. It is a leading global advisory, brokerage & solution firm with over 47,000 employees. The company ended 2023 with an encouraging 8% organic increase from 2022, putting its revenue at $9.48 billion.

WTW provides coverage for the following:

  • Insurance Consulting & Technology
  • Casualty
  • Executive Compensations & Board Advisory
  • Mergers & Acquisitions
  • Property Risk & Insurance Solutions

You can check them out to see if they will be a good fit for you.


#3. Arthur J. Gallagher & Co. (AJG)

  • Founded: 1927
  • Headquarters: Illinois, USA

This company is an insurance brokerage Ann’s risk management services company. It provides insurance brokerage,  third-party claims settlement, consulting & administration.

It has over 52,000 employees, with a starting presence in about 30 countries. AJG ended 2023 with a revenue of $10.07 billion, which is a 17.8% increase from last year’s revenue. Currently, its assets stand at 51.62 billion.

Coverage includes:

  • Property
  • Fire
  • Commercial Auto
  • Marine
  • Fine Arts
  • Aviation
  • Cyber Liability
  • Directors and Officers’ Liability
  • Disability
  • Health & Welfare

#4. Lockton

  • Founded: 1960
  • Headquarters: Kansas City, Missouri

This company is the world’s largest independent insurance brokerage, with 130 offices in 130 offices. We can tell you that you have better chances and freedom with an independent broker.

It also has over 10,750 partners, called colleagues, and a client base of about 65,000. Locton experienced a 16% shift from its 2022 revenue of $3.1 billion, in 2023.

Services offered by Lockton include:

  • Risk Management
  • Casualty
  • Surety
  • Employee Benefit
  • Professional indemnity.

#5. HUB International

  • Founded:1998
  • Headquarters: Chicago

Hub is also a major insurance brokerage firm providing an array of coverage services, including;

  • Property
  • Casualty
  • Risk Management
  • Life & Health
  • Employee Benefits
  • Investment & Wealth Management

The company has over 375 offices and 17,000 employees. It also ended 2022 with annual revenue of $3.7 billion.


#6. Brown and Brown Insurance

  • Founded: 1939
  • Headquarters: Florida

In 2021, Brown and Brown ranked as the fifth largest independent insurance brokerage in the US, and sixth largest in the world in Business Insurance Magazine.

The company’s revenue in 2023 was $4.26 billion, a 19.1% increase from 2022. In addition to risk management, which is their main product, they also offer a range of other insurance coverage products.


#7. BMS

  • Founded:1980
  • Headquarters: London

BMS boasts over 35 product lines and a $7.5 billion insurance premium. It is also an independent global insurance broker delivering; specialist insurance, reinsurance, and capital market advisory services.

It is the 6th largest reinsurance broker in the world, and it has several offices located in the US, Canada, Latin America, Australia, Europe, and Asia.


#8. USI Holdings

  • Founded:1994
  • Headquarters: Valhalla, NewYork

USI stands for Understand, Service, and Innovate. These are the three ways that inform the operations of this company. To provide the best insurance brokerage, the company uses what is called the USI ONE Advantage, which integrates property analysis, networked resources, and strategic planning to deliver solutions with economic impact to clients.

The company has served over 500,000 clients using this approach. Using this, USI made $2.5 billion as its 2023 revenue.  


#9. Risk Strategies Co

  • Founded: 1997
  • Headquarters: Boston, Massachusetts

Risk Strategies has over 30 specialty practices, and as the name implies it focuses on risk management.

It has over $1 billion in revenues for 2023. It has been ranked 5 in the Top Captives Manager List by Business Insurance. The company has over 5,000 employees present in its 150 locations.

It provides coverage for:

  • Property and Casualty
  • Employed Benefits
  • Private Client Services
  • Consulting and Actuarial Services
  • Finance and Wealth Services.

#10. Hilb Group

  • Founded: 2009
  • Headquarters: Richmond, Virginia

Hilb strongly promises connection above all else. In its words, “We provide the resources of a big insurance broker and the attentive personal service of a small agency”.

The company did end the year 2023 with $1.5 billion in revenue, which encourages one that it can make good on its promise to provide resources. Hilb Group has about 125 branches, with 2,100 employees in 50 states.

It provides coverage for:

  • HR Consultancy
  • P&C Insurance
  • Retirement Services
  • Employee Benefits

#11. Ryan Specialty Group

  • Founded: 2010
  • Headquarters: Chicago, Illinois

Ryan Specialty Group is a provider of specialty products & solution product distribution, underwriting, product development, administration & risk management services by acting as a wholesale broker.

It has a 2023 5-Star Wholesale Broker and MGA. The company’s revenue in 2023 was $2.08 billion, a 20.4% increase from 2022.


#12. McGriff

  • Founded: 1922
  • Headquarters: Charlotte, North Carolina

McGriff is another big broker to consider. It has a whooping $12.70billion in premiums. The company has offices in over 90 locations.

Its coverage services include:

  • Commercial P&C
  • Corporate Bonding and Surety
  • Cyber Risk
  • Executive Risk
  • Management & Professional Liability
  • Captives & Alternatives Risk Transfer Programs
  • Employee Benefits
  • Small Business & Personal Line Insurance

#13. Truist Insurance Holdings

  • Founded: 1922
  • Headquarters: Charlotte, North Carolina

Truist Insurance has an impressive $48 billion in premiums. It is the fifth largest insurance broker in the US, with 250 offices and 10,000 partners. It also offers a wide network of products to its clients.


#14. Coaction Specialty Insurance

  • Founded: 2009 as Prosight
  • Headquarters: New Jersey

This is a special underwriting brokerage company. It offers coverage for:

  • Binding authority
  • Property
  • Marine, Energy, and Transportation
  • Excess Casualty
  • Professional Lines
  • Primary Casualty
  • Entertainment

The company also has a premium of $1.1 billion.


#15. Amwins Brokerage

  • Founded: 1998
  • Headquarters: Charlotte, North Carolina

Amwins is in a class of its own in terms of brokerage. It has a mind-blowing $33 billion in premiums, and over 90 underwriting programs. The company’s expertise spans 13 industry and risk specialty practices. Amwins is currently the US’s largest wholesale broker.

Amwins provides coverage for:

  • Property
  • Casualty
  • Professional Lines
  • Alternative Risk

#16. HolmesMurphy 

  • Founded:1932
  • Headquarters: Iowa

HolmesMurphy is an independent brokerage firm with about 1000 employees in over 13 offices, across 11 states. It provides coverage for:

  • Property Casualty
  • Employee Benefits
  • Insurance and Risk Management

#17. AssuredPartners

  • Founded: 2011
  • Headquarters: Orlando Florida

This is also an independent brokerage firm. It is the 11th largest broker in the US. The company strongly believes in partnership, and it has 10,000 partners. It provides coverage for:

  • P&C
  • Employees Benefit
  • Risk Management
  • Industry
  • Home
  • Auto
  • Flood
  • Natural Disaster Preparedness, among several others.

#18. EPIC Insurance Brokers and Consultants

  • Founded: 2007
  • Headquarters: San Francisco

This company belongs to the Top 10 largest privately held insurance broker list. It has over 100,000 clients and still growing. The company offers coverage for:

  • Risk Management
  • Employees Benefits
  • Personal Insurance
  • Private Client Services
  • Unique Specialty Programs

#19. Hylant

  • Founded: 1935
  • Headquarters: Toledo

This is a full-service insurance brokerage with over 1000 employees. It recorded a revenue of $300 million in 2023.

The company offers complete:

  • Risk management services
  • Employees Benefits
  • Consultation
  • Wellness Strategies
  • Loss Control
  • Health Care Management and others.

#20. CRC Group

  • Founded: 1982
  • Headquarters: Alabama, USA

CRC Group is one of the largest wholesale insurance brokers in the world. The company is divided into three; Commercial Solutions, Group and Individual Solutions, and Specialty Programs.

The company provides coverage for:

  • Commercial property
  • Casualty
  • Professional lines
  • Construction
  • Environment
  • Energy
  • Healthcare
  • Hospitality
  • Manufacturing & Distribution
  • Personal lines
  • Public Entity
  • Real Estate

Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h3″ question-0=”How do insurance brokers make money?” answer-0=”Insurance brokers make money by receiving commissions from the insurance companies they work with.” image-0=”” headline-1=”h3″ question-1=”Can I trust my insurance broker?” answer-1=”You should always do your research before choosing an insurance broker, including checking their reputation and credentials. If you have any concerns, you can always contact your state’s insurance department or an independent insurance consumer organization for more information.” image-1=”” headline-2=”h3″ question-2=”How do I choose the right insurance broker?” answer-2=”You should consider factors such as the broker’s reputation, licensing, specialization, fees, communication style, technology, size, references, and fit when choosing an insurance broker.” image-2=”” headline-3=”h3″ question-3=”What should I do if I have a dispute with my insurance broker?” answer-3=”If you have a dispute with your insurance broker, you can try to resolve the issue with the broker directly first. If that is unsuccessful, you can file a complaint with your state’s insurance department, which is responsible for regulating insurance companies and agents. The department may be able to help resolve the dispute or take action against the broker if they have violated any laws or regulations.” image-3=”” headline-4=”h3″ question-4=”What is the difference between an insurance agent and a broker?” answer-4=”An insurance agent is a salesperson who works for a specific insurance company, whereas a broker is an independent insurance professional who represents multiple insurance companies.” image-4=”” headline-5=”h3″ question-5=”Can I switch insurance brokers?” answer-5=”Yes, you can switch insurance brokers. However, you should review your policy and any contracts you have with your current broker to understand any fees or penalties that may apply. You should also consider any benefits or relationships you have with your current broker before making the switch.” image-5=”” count=”6″ html=”true” css_class=””]

Important Recommendations


We hope you got more than you hoped for after reading this article. We have done the bulk of the research for you, you have to visit any of the sites that interest you and get more information, and then you can contact their team.

We wish you good luck. Let us know which company you prefer in the comment box!


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