15 Partner Firms Make Business Insurance’s 2023 Brokers Trends II Lists

Business Insurance recently released its second set of results from its annual survey of agents and brokers; the first was published in July. These rankings include the Top 25 Benefits Brokers by Growth, Benefits Specialists, Most Productive Agents and Brokers, Brokers to Watch, Fastest-Growing Brokers, and Largest U.S. Commercial Retail Brokers.

Congratulations to the Assurex Global Partner Firms who made these lists!

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Top 25 Benefits Brokers By Growth*

• C3 Risk & Insurance Services
• IMA Financial Group
• CAC Group (Cobbs Allen/CAC Specialty)
• Starkweather & Shepley Insurance Brokerage Inc.

* To be ranked, brokers must have generated $500,000 or more in employee benefits revenue in 2022. Companies deriving more than 49% of their gross revenue from personal lines are not ranked. 

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Benefits Specialists* — Brokers specializing in employee benefits, ranked by percentage of business

• MJ Insurance

* Companies with 51% or more of brokerage revenue from employee benefits.

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Most Productive Agents and Brokers* — Intermediaries ranked by 2022 brokerage revenue per employee

• CAC Group (Cobbs Allen/CAC Specialty)
• Woodruff Sawyer
• The Mahoney Group
• IMA Financial Group
• Sterling Seacrest Pritchard
• Moreton & Company
• Starkweather & Shepley Insurance Brokerage Inc.
• Christensen Group

*Companies with more than 50 employees assigned to brokerage. Brokerages that derive more than 49% of their revenue from personal lines are not ranked.

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Brokers to Watch (Beyond The Top 100) — Ranked by 2022 brokerage revenue generated by U.S. based clients

• The Daniel & Henry Co. 
• CCIG
• C3 Risk & Insurance Services

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Fastest Growing Brokers* — Ranked by rate of growth in 2022 U.S. brokerage revenue

• C3 Risk & Insurance Services
• CAC Group (Cobbs Allen/CAC Specialty)
• IMA Financial Group
• Christensen Group

*Companies with less than $1 million in brokerage revenue and/or deriving more than 49% of their brokerage revenue from personal lines are not ranked.

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Largest U.S. Commercial Retail Brokers* — Ranked by 2022 commercial retail brokerage revenue from U.S. offices

• IMA Financial Group
• Woodruff Sawyer
• CAC Group (Cobbs Allen/CAC Specialty)
• Cottingham & Butler Inc.
• INSURICA
• Unison Risk Advisors (RCM&D, Oswald)
• Sterling Seacrest Pritchard

*Excluding revenue from placement of employee benefits.