The expected Aon/WTW merger that would have affected this year’s AM Best ranking was called off last year
Marsh McLennan has retained the Number one spot in Best’s Review’s Top Global Insurance Brokers ranking with $19.80 billion in total revenues, $7.60 billion ahead of second-place Aon plc.
The expected Aon/WTW combination deal that would have substantially affected this year’s brokers ranking was scuttled last July after regulatory involvement.
In the ranking, the top five remained the same as last year. However, there was a shuffle in the bottom half of the top 10. Acrisure LLC moved from No. 9 to No. 7; Alliant Insurance Services Inc. jumped from 11th place to the eighth spot; Truist Insurance Holdings Inc. dropped to No. 9 from No. 7; and Lockton Inc. moved from No. 8 to No. 10.
Alliant’s merger with Confie, which appeared in the No. 19 spot last year, was a contributing factor in its move up the ranking, along with the acquisition of 14 other brokerages.