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.