| Top 10 Writers of Private Flood Insurance By Direct Premiums Written, 2017 (1) |
($000)
|
| Rank |
Group/company |
Direct premiums written (2) |
Market share (3) |
| 1 |
FM Global |
$237,334 |
40.3% |
| 2 |
Assurant Inc. |
89,901 |
15.3 |
| 3 |
Zurich Insurance Group (4) |
62,749 |
10.7 |
| 4 |
American International Group (AIG) |
58,233 |
9.9 |
| 5 |
Swiss Re AG |
26,336 |
4.5 |
| 6 |
Berkshire Hathaway Inc. |
17,120 |
2.9 |
| 7 |
Liberty Mutual |
15,460 |
2.6 |
| 8 |
Alleghany Corp. |
13,197 |
2.2 |
| 9 |
MAPFRE SA |
13,103 |
2.2 |
| 10 |
Allianz |
11,705 |
2.0 |
| |
Total, all insurers |
$589,147 |
100.0% |
(1) Private flood includes both commercial and private residential coverage, primarily first-dollar standalone policies that cover the flood peril and excess flood. Excludes sewer/water backup and the crop flood peril.
(2) Before reinsurance transactions.
(3) Based on U.S. total, includes territories.
(4) Data for Farmers Insurance Group of Companies and Zurich Financial Group (which owns Farmers' management company) are reported separately by S&P Global Market Intelligence.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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