|Title:||Global top 20 insurance brokers ranked by revenues in dollars for 2010|
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Top XX Global Brokers
Ranked by 2010 Total Revenues
Total Ranking Broker Revenues 2010
X. Marsh & McLennan Cos. $XX.XXX billion X. Aon Corp. $X.XXX billion X. Willis Group Holdings Ltd. $X.XXX billion X. Wells Fargo Insurance Services * $X.XXX billion X. Arthur J. Gallagher & Co. $X.XXX billion X. Jardine Lloyd Thompson Group plc $X.XXX billion X. BUT Insurance Services Inc $X.XXX billion X. National Financial Partners Corp. $XXX.XX million X. Brown & Brown Inc. $XXX.XX million XX Lockton Companies LLC $XXX.XX million XX. Hub International Ltd. $XXX.XX million XX. Meadowbrook Insurance Group Inc. $XXX.XX million XX. USI Holdings Corp. $XXX.XX million XX. Alliant Insurance Services Inc. $XXX.XX million XX. Cooper Gay (Holdings) Ltd. $XXX.XX million XX. CNinsure Inc. $XXX.XX million XX. The Leavitt Group $XXX.XX million XX. CBIZ Benefits & Insurance Services Inc. $XXX.XX million XX. Keenan & Associates $XXX.XX million XX Frank Crystal & Co. $XXX.XX million
* From the parent company's 2010 annual report. Includes revenue
from noncore, non-WFIS business. Best's Review went to press before
final numbers were available.
Best's Review presents its annual ranking of the global insurance brokers community, based on 2010 total revenue. Information was obtained from company reports or provided by the companies. Companies of all sizes were encouraged to submit financial information. The Top XX are presented according to ranking; the others that participated follow in alphabetical order.
Marsh & McLennan Cos. again tops the list, and the top five positions remain unchanged from the 2010 rankings. The other XX spots are held by the same companies as last year, with some changes in position.
CNinsure, a leading insurance intermediary operating in China, comes in at No. XX. The other non-U.S. companies, all based in London, are Willis Group Holdings, remaining at No. X; Jardine Lloyd Thompson Group, moving up one spot to No. X; and Cooper Gay (Holdings) Ltd. also moving up one spot to No. XX.
Looking back at 2010, developments show companies active in mergers and acquisitions, with several expanding into other countries for the first time. As companies expand, reorganizations often occur; and many continue to expand product offerings.
Revenues are expressed in U.S. dollars. Currency conversion is as of Dec. XX, 2010.
X. Marsh & McLennan Cos.
Headquarters: New York
Revenues 2010:$XX.XX billion
Top Executive: Brian Duperreault, president and CEO
Top Lines: insurance; reinsurance; consulting.
Developments in 2010: Continued to grow through a series of acquisitions adding annualized revenue approaching $XXX million; divested Kroll; stopped referring to the company as "MMC" to return to historical corporate name Marsh & McLennan Cos.
X. Aon Corp.
Revenues 2010: $X.XX billion
Top Executive: Greg Case, president and CEO
Top Lines: Risk solutions; human resource consulting; and outsourcing.
Developments in 2010: Completed the $X.X billion merger with Hewitt Associates; XX other acquisitions in 2010, including J.P. Morgan Compensation and Benefits Strategies, as well as expanding its global footprint through acquisitions such as Italian brokerage firm Rasini & Vigano, and the announced acquisition of Glenrand in South Africa; launched a global partnership and shirt sponsorship with the Manchester United Football Club.
X. Willis Group Holdings Ltd.
Revenues 2010:$X.XX billion
Top Executive: Joseph J. Plumed, chairman and CEO
Top Lines: Commercial; reinsurance; property/casualty.
Developments in 2010: Launched WillPlace, an online tool that matches carrier offerings and risk appetites with client goals and preferences; grew footprint in China, launched offices in Kazakhstan and a facility in Malta; launched the Clients Before Contingents campaign to support its position against taking contingent commissions.
X. Wells Fargo Insurance Services
Revenues 2010:$X.XX billion *
Top Executive: Neal Aton, president and CEO of Wells Fargo Insurance Services, the commercial lines brokerage; and Wells Fargo Insurance Inc., the personal lines brokerage.
Top Lines: Personal lines; commercial lines; individual life insurance; employee benefits.
Developments in 2010: Acquired five insurance brokerage businesses from GMAC Commercial Finance LLC, New York.