| Top 10 Writers Of Private Flood Insurance By Direct Premiums Written, 2019 (1) |
($000)
|
| Rank |
Group/company (2) |
Direct premiums written (3) |
Market share (4) |
| 1 |
Assurant Inc. |
$94,056 |
16.9% |
| 2 |
Zurich Insurance Group |
87,613 |
15.7 |
| 3 |
Swiss Re Ltd. |
73,321 |
13.2 |
| 4 |
American International Group (AIG) |
56,998 |
10.2 |
| 5 |
AXA |
38,702 |
7.0 |
| 6 |
Arch Capital Group Ltd. |
37,967 |
6.8 |
| 7 |
Liberty Mutual |
25,032 |
4.5 |
| 8 |
Berkshire Hathaway Inc. |
24,652 |
4.4 |
| 9 |
Alleghany Corp. |
21,799 |
3.9 |
| 10 |
Allianz |
21,661 |
3.9 |
(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) Does not include FM Global, which reclassified private flood insurance as part of allied lines in 2019. FM Global had $300 million in direct premiums written for private flood insurance in 2018 or 43 percent of the total U.S. private flood market.
(3) Before reinsurance transactions.
(4) Based on U.S. total, includes territories.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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