SPECIAL REPORT

100 LARGEST BROKERS OF U.S. BUSINESS*

Ranked by 2020 brokerage revenue generated by U.S.-based clients

2021 2020 2020 U.S. % increase 2021 2020 2020 U.S. % increase
rank rank Company brokerage revenue (decrease) rank rank Company brokerage revenue (decrease)
1 1 Marsh & McLennan Cos. Inc.1,2 $8,115,490,000 3.8%** 51 46 Horton Group Inc. $80,271,352 3.7%**
2 2 Aon PLC 1
$5,019,433,300 0.7% 52 48 Towne Insurance Agency LLC1 $78,405,018 2.9%
3 3 Willis Towers Watson PLC $4,643,000,000 8.2% 53 62 World Insurance Associates LLC 1
$77,920,417 46.1%
4 4 Arthur J. Gallagher & Co.1 $4,127,872,000 4.7% 54 51 Houchens Insurance Group Inc.9 $72,157,422 6.0%
5 5 Brown & Brown Inc.1 $2,589,950,605 8.6% 55 54 James A. Scott & Son Inc., dba Scott Insurance $72,024,407 8.7%
6 6 Truist Insurance Holdings Inc.1 $2,433,560,000 7.2% 56 66 Sunstar Insurance Group $72,000,000 45.9%
7 7 Hub International Ltd.1 $2,077,453,378 12.8% 57 72 Sterling Seacrest Pritchard Inc.1,10 $69,240,845 1.4%**
8 8 USI Insurance Services LLC1 $1,929,379,030 6.4% 58 95 High Street Insurance Partners Inc. $67,658,028 127.6%
9 9 Acrisure LLC1 $1,870,638,536 9.5%** 59 57 Starkweather & Shepley Insurance Brokerage Inc.1 $66,227,625 10.2%
10 10 Alliant Insurance Services Inc.1 $1,777,622,343 12.9%** 60 56 The Graham Co. $63,043,937 1.8%
11 11 AssuredPartners Inc.1 $1,687,411,134 18.0% 61 55 Huntington Insurance Inc. $62,551,170 0.7%
12 12 Lockton Cos. LLC3 $1,583,466,822 11.1%
62 58 Sterling & Sterling LLC, dba SterlingRisk $61,924,084 11.2%
13 13 NFP Corp.1 $1,455,797,344 8.3%
63 60 Shepherd Insurance LLC1 $59,184,321 7.9%
14 14 BroadStreet Partners Inc. $860,500,000 15.8%
64 64 Moreton & Co. $55,807,000 8.5%
Edgewood Partners Insurance Center,
15 15 $802,594,990 7.8%** 65 61 Bowen, Miclette & Britt Insurance Agency LLC $55,579,594 3.6%
dba EPIC Insurance Brokers & Consultants1
RSC Insurance Brokerage Inc., 66 71 Robertson Ryan & Associates Inc. $53,709,374 17.2%
16 16 $651,171,510 26.0%
dba Risk Strategies Co.1,4 67 63 Frost Insurance Agency Inc. $51,119,522 (3.7%)
17 17 Alera Group1 $554,000,000 29.7%** 68 68 Corporate Synergies Group LLC $47,550,867 (2.9%)
Digital Insurance Inc. 69 75 First Insurance Group LLC $45,747,907 8.6%
18 18 $530,093,000 31.6%
dba OneDigital Health and Benefits1
70 74 Fisher Brown Bottrell Insurance Inc. $45,706,955 8.2%
19 32 Baldwin Risk Partners LLC1 $426,249,000 209.2%
71 73 HMS Insurance Associates Inc. $45,430,468 4.4%
20 21 Higginbotham1 $316,096,000 29.5%
72 70 M&O Agencies Inc., dba The Mahoney Group $44,238,376 (4.2%)
21 28 IMA Financial Group Inc.1 $301,471,243 71.4%
73 84 The Partners Group Ltd. $43,694,905 19.0%
22 19 Leavitt Group $291,020,000 6.7%
74 77 The Loomis Co. $41,877,000 4.4%
23 20 CBIZ Benefits & Insurance Services Inc.1 $246,300,000 0.5%
24 24 Holmes Murphy & Associates Inc. $241,557,260 8.1% 75 102 The Liberty Co. Insurance Brokers Inc. 1
$40,509,309 53.9%

25 23 Cottingham & Butler Inc. $240,380,000 7.2% 76 76 Charles L. Crane Agency Co. $40,421,713 (2.2%)

26 NR PCF Insurance Services1 $235,000,000 298.3% 77 81 MJ Insurance Inc.11 $40,148,743 6.9%

27 25 Insurance Office of America Inc. 1

$234,864,928 6.1% 78 83 Christensen Group Inc. $38,967,785 5.5%

28 22 Paychex Insurance Agency Inc. 5

$232,100,000 (0.1%) 79 78 James G. Parker Insurance Associates5 $38,055,000 (2.3%)

29 27 Cross Financial Corp., dba Cross Insurance1 $214,960,000 15.4% 80 82 M&T Insurance Agency Inc. $36,900,000 (0.8%)

30 26 The Hilb Group LLC 1

$206,608,909 4.4% 81 86 Ansay & Associates LLC1 $36,769,058 3.5%
31 30 Woodruff Sawyer & Co. $191,200,000 19.9% 82 117 R&R Insurance Services Inc. $36,400,000 5.2%**
32 29 Heffernan Group1 $183,567,730 7.8% 83 88 Kapnick Insurance Group $35,655,000 4.7%
33 39 Unison Risk Advisors 1,6
$146,219,648 4.2% ** 84 89 Haylor, Freyer & Coon Inc. 11
$34,650,000 2.6%
34 31 Hylant Group Inc. $146,180,665 3.1% 85 90 Rich & Cartmill Inc. $34,552,206 3.5%
35 34 AmeriTrust Group Inc. $129,656,436 2.8% 86 96 The Buckner Co. Inc. 1
$32,671,837 10.7%
36 35 BXS Insurance1 $125,286,000 1.8% 87 93 Tompkins Insurance Agencies Inc. $32,433,000 3.0%
37 53 Patriot Growth Insurance Services LLC1 $124,350,000 87.3% 88 94 Tricor Inc. $32,426,557 6.5%
38 36 Insurica Inc.1 $122,725,836 6.8% 89 91 PSA Insurance & Financial Partners LLC $32,193,000 (0.6%)
39 37 Relation Insurance Inc.1 $115,760,000 10.5% 90 NR Oakbridge Insurance Agency LLC1 $30,500,000 17.3%
40 40 ABD Insurance & Financial Services Inc. $112,507,000 20.6% 91 103 Ross & Yerger Insurance Inc. 1
$29,177,112 11.6%
41 41 Propel Insurance1 $107,602,000 16.7% 92 105 Swingle, Collins & Associates $28,188,444 11.3%
42 43 Eastern Insurance Group LLC1 $96,738,818 6.5% Underwriters Safety & Claims Inc.,
93 99 $27,641,790 0.7%
43 38 Insurors Group LLC $96,000,000 (1.2%) dba The Underwriters Group

44 44 TrueNorth Companies LLC $93,428,000 9.4% 94 98 The Daniel & Henry Co. $27,568,000 (1.8%)

45 80 Cobbs Allen/CAC Specialty1,7 $89,568,050 136.4% 95 100 Moody Insurance Agency Inc. $26,392,454 (3.5%)

46 45 Lawley Service Inc. $86,990,186 5.1% 96 104 Gibson Insurance Agency Inc., dba Gibson1 $25,339,000 (0.3%)**
47 47 Acentria Insurance $83,000,0008 8.5% 97 107 Foa & Son Corp. $24,968,750 6.8%
48 49 Marshall & Sterling Enterprises Inc.1 $82,773,396 13.2% 98 108 EHD Insurance Inc. $24,306,148 5.9%
49 52 Parker, Smith & Feek Inc. $82,466,000 21.2% 99 109 York International Agency LLC 1
$23,636,158 8.0%
50 50 M3 Insurance Solutions Inc. $81,675,781 12.8% 100 106 Otterstedt Insurance Agency1 $23,629,767 (2.3%)
*
Companies that derive more than 49% of their gross revenue in personal lines are not ranked. **2019 brokerage revenue restated. NR = not ranked. 1Reported U.S. acquisitions. 2Acquired PayneWest Insurance Inc. on April 21, 2021. 3Fiscal year ending April 30.
4
Formerly Risk Strategies Co. Inc. 5Fiscal year ending May 31. 6Renamed Unison Risk Advisors with the merger of Oswald Cos. and Riggs, Counselman, Michaels & Downes Inc. 7Merged with CAC Specialty, Aug. 15, 2019. 8BI estimate. 9Fiscal year ending Sept. 30.
10
Formerly Sterling Seacrest Partners Inc. 11Fiscal year ending Aug. 31.
Source: BI survey

32 JULY/AUGUST 2021 BUSINESS INSURANCE