World's Largest Insurance Brokers Ranking 2024

This report presents the ranking of the world's ten largest insurance brokers based on their 2023 brokerage revenue. The document details the revenue figures, percentage increases or decreases, and the number of employees and offices for each company. Marsh & McLennan Cos. Inc. leads the ranking with a revenue of $22.35 billion, followed by Aon PLC and Arthur J. Gallagher & Co. The report also highlights Hub International Ltd.'s performance, noting its revenue surpassing $4 billion in 2023 and its position as the fifth largest brokerage. Hub's strategy includes a focus on acquisitions, having completed 65 in 2023, and it continues to target strong operators to enhance its growth. The report outlines the competitive landscape, noting the impact of higher interest rates on mergers and acquisitions within the industry, while also emphasizing Hub's organic growth strategies and market dynamics education for clients.