Top 10 Wholesale Insurance Brokerage - 2024

Emerging tech trends are reshaping the wholesale insurance brokerage and managing general agents (MGA) landscape, fostering growth opportunities. These providers are pivotal in helping businesses and individuals secure essential coverage in a highly regulated, risk-conscious environment.

MGAs are authorized by insurers to underwrite policies, manage claims, and handle risk, offering businesses specialized coverage with flexibility and expertise in niche markets. Wholesale brokers, in contrast, act as intermediaries between retail agents and specialized insurers or MGAs, providing access to complex, often high-risk coverage options. Together, these providers serve businesses and individuals seeking specialized, non-standard insurance solutions or access to markets beyond the scope of standard insurers.

This edition of Insurance Business Review highlights the latest developments in the tech-driven wholesale insurance brokerage and MGA sectors and how companies can leverage their services to secure the right coverage and mitigate risks effectively.

It features thought leadership articles from experts, including Holly Hollenbeck, JD, CRIS, Regional Vice President, Legal and Contracts at Marsh McLennan Agency Southwest. He emphasizes why businesses must assess risks, implement loss control measures and ensure effective communication to reduce the threat of large jury verdicts that can impact their financial stability. Matt Campen, Vice President, Claims, at RLI Insurance Company, highlights how insurance companies use various techniques to analyze social media platforms after disasters, gathering data on damage severity to evaluate claims more effectively.

We hope this edition offers valuable insights to help you find the right partner who provides you with the most suitable coverage options to enhance your services.

Insurance Broker | Insurance Business Review

Insurance Broker - 2024

Top Wholesale Insurance Brokerage

Transportation Insurance Experts

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Transportation Insurance Experts is a leading MGA specializing in the transportation sector. It empowers trucking-focused retail agents through innovative technology, mentorship from experienced underwriters, and real-time support. The commitment to building genuine partnerships ensures agents have the tools to grow their business and enhance client trust in a competitive landscape. ... read full profile

Breckenridge

Breckenridge Insurance brokers are expert analysts and risk managers with over 150 carrier partnerships. Supported by dedicated professionals, they offer unmatched global underwriting access through Accretive.

Bridge Specialty Group

Bridge Specialty Group is a leading global insurance wholesaler, offering customized coverage options and creative solutions through a team of seasoned professionals with extensive market access.

CID Insurance

CID Insurance Programs is an E&S wholesale broker. The firm specialized in commercial insurance products, offering tailored solutions for independent and captive brokers, including hard-to-place risks.

Counterpart

Counterpart, backed by insurance leaders and technology experts, is the first management liability platform to predict and prevent claims, providing innovative solutions with a proven track record of success.

CRC Group

CRC Group is one of the largest wholesale insurance distributors in the U.S. It offers a wide range of practice groups, including commercial property, casualty, and professional lines.

Johnson & Johnson

Johnson & Johnson is an independent wholesale broker serving U.S. insurance professionals, offering quick service and creative solutions for challenging accounts while building long-term agency and company relationships.

Venbrook

Venbrook is a fast-growing private insurance brokerage offering innovative solutions in commercial, private client insurance, claims services, specialty programs, and wholesale coverage for diverse needs.

XPT Group

XPT Group is a specialty insurance distribution platform for Property and Casualty insurance. The company is driving growth through acquisitions, producer teams, MGA programs, and tech-enabled customer service.

XS Brokers Insurance Agency

XS Brokers Insurance Agency is a national wholesale and binding intermediary, specializing in property and casualty, personal and commercial lines, offering retail agents innovative solutions and exceptional service.