Insurance brokers: ranked by 2001 L.A. County revenues. (The List).EXECUTIVE SUMMARY WHAT a year it turned out to be for the insurance industry. It started with a continuation continuation - continuation passing style of higher premiums and was helped along by several natural disasters -- then topped off by Sept. 11. The terrorist attacks, the cost of which is still being computed, put to rest any doubt that property and casualty premiums were headed way up. In some cases, businesses saw premiums more than double. All this meant higher revenues for brokerages as commission fees climbed. Locally, the top 15 brokerages saw their Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County revenues hit $570.5 million in 2001, a 12.8 percent increase over the previous year's $505.6 million. Of the top brokerages, only two had their revenues decline. Bolton Bolton or Bolton-le-Moors (bōl`tən-lə-m  rz), city (1991 pop. 143,960) and metropolitan district, NW England, located in the Manchester metropolitan area. & Co. and Financial Independence Co. were the revenue
decliners, which caused a drop in their rankings.THE PACESETTER AON CORP. AON Corp., the world's second largest insurance brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. , last year put its name atop what had been the 62-story First Interstate in·ter·state adj. Involving, existing between, or connecting two or more states. n. One of a system of highways extending between the major cities of the 48 contiguous United States. Noun 1. Bank Building after deciding to make Los Angeles a key hub and taking over 10 floors of the landmark A structure that has significant historical, architectural, or cultural meaning and that has been given legal protection from alteration and destruction. Although landmark preservation laws vary by city and state, they have the same basic purpose: to keep landmarks as close downtown Downtown (called a "city centre" in British English) is a term used in North America when referring to a city's core, usually both in a geographical and commercial / community sense. skyscraper skyscraper, modern building of great height, constructed on a steel skeleton. The form originated in the United States. Development of the Form Many mechanical and structural developments in the last quarter of the 19th cent. . Chicago-based Aon now employs 1,123 people locally, up from 850 before consolidating its regional back office operations in L.A. More importantly, it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have the center of Aon's operations in the entertainment, technology, construction and health care sectors. Aon's local revenues last year reached $151.2 million, up 7.4 percent over 2000's $140.8 million. That also outpaced the company-wide growth rate of 4.3 percent. Still, it was a bittersweet bittersweet, name for two unrelated plants, belonging to different families, both fall-fruiting woody vines sometimes cultivated for their decorative scarlet berries. year for Aon, which had 1,200 workers in the World Trade Center on Sept. 11. A total of 173 lost their lives. "It was devastating dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. . It was traumatic traumatic (trômat´ik), adj of, pertaining to, or caused by an injury. traumatic occlusion, n See occlusion, traumatic. traumatic shock, n See shock, traumatic. for the organization," said Peter Arkley Coordinates: Arkley is a village in the London Borough of Barnet. It is located 10.6 miles (17 km) north north-west of Charing Cross, and about 440 feet (134 m) above sea level. , managing principal in Los Angeles. "Our people there certainly felt the effects for months. But we have come back." The firm has opened a new office in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , where its financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. group is headquartered. The group, which has a large L.A. presence, brokers mergers and acquisitions, corporate officers' liability and related coverage. Arkley said financial services is expected to be a big driver locally, along with the entertainment and other industry groups headquartered in Los Angeles. [GRAPH graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. OMITTED] [GRAPH OMITTED]
Rank Brokerage (Ranking in 2001) L.A. County/U.S. Revenues
* name * 2001 (millions)
* address * 2000 (millions)
* percent gain (loss)
1 Aon Corp. (1) $151.2/$2,400
707 Wilshire Blvd., $140.8/$2,300
Suite 6000 7.4%/4.3%
Los Angeles 90017
2 Marsh Risk & Insurance 123/5,200
Services (2) 118/4,800
777 S. Figueroa St. 4.2/8.3
Los Angeles 90017
3 Arthur J. Gallagher & Co. 52.9/910
Insurance Brokers (3) 45.4/677.5
505 N. Brand Blvd., 16.5/34.3
Sixth Floor
Glendale 91203
4 Total Financial & Insurance 37.4/42.7
Services Inc. (4) 27.8/43.5
11835 W. Olympic Blvd., 34.5/(1.6)
Suite 600
Los Angeles 90064
5 Keenan & Associates (5) 37/70.3
2355 Crenshaw Blvd., 32.4/64.3
Suite 200 14.2/9.3
Torrance 90501
6 Lockton Insurance Brokers 28.2/256
Inc. (6) 22.6/189
725 S. Figueroa St., 24.8/35.4
35th Floor
Los Angeles 90017
7 USI of Southern California 28/390
Ins. Services Inc. (7) 22/361
14140 Ventura Blvd. 27.3/8.0
Sherman Oaks 91423
8 Petersen International 21.5/same
Underwriters (8) 17.8/same
23929 Valencia Blvd., 20.8/same
Suite 215
Valencia 91355
9 Innovative Solutions 15/same
Insurance Svcs. LLC 8/same
19191 S. Vermont Ave., 87.5/87.5
Suite 825
Torrance 90502
10 Willis Insurance Services 14/619
of Los Angeles Inc. (11) 12.5/500
801 N. Brand Blvd., 12.0/23.8
Suite 400
Glendale 91203
11 Dodge, Warren & Peters 13.5/20
Insurance Services Inc. (12) 11.5/18.5
660 S. Figueroa St., 17.4/8.1
Suite 2000
Los Angeles 90017
12 Bolton & Company (9) 13.1/14.9
245 S. Los Robles Ave., 13.6/14.6
Suite 105 (3.7)/2.1
Pasadena 91102
13 ABD Insurance & Financial 12.7/100
Services (13) 9.6/85
21250 Hawthorne Blvd., 32.3/17.6
Suite 600
Torrance 90503
14 Sander A. Kessler & 12.7/same
Associates Inc. (10) 12.1/same
2850 Ocean Park Blvd., 5.0/same
Suite 200
Santa Monica 90405
15 Financial Independence Co. 10.3/69
21300 Victory Blvd., 11.5/77
Suite 215 (10.4)/(10.4)
Woodland Hills 91367
Rank Brokerage (Ranking in 2001) L.A. County
* name * employees
* address * yr. established
1 Aon Corp. (1) 1,123
707 Wilshire Blvd., 1976
Suite 6000
Los Angeles 90017
2 Marsh Risk & Insurance 600
Services (2) 1923
777 S. Figueroa St.
Los Angeles 90017
3 Arthur J. Gallagher & Co. 280
Insurance Brokers (3) 1981
505 N. Brand Blvd.,
Sixth Floor
Glendale 91203
4 Total Financial & Insurance 44
Services Inc. (4) 1974
11835 W. Olympic Blvd.,
Suite 600
Los Angeles 90064
5 Keenan & Associates (5) 309
2355 Crenshaw Blvd., 1971
Suite 200
Torrance 90501
6 Lockton Insurance Brokers 127
Inc. (6) 1995
725 S. Figueroa St.,
35th Floor
Los Angeles 90017
7 USI of Southern California 185
Ins. Services Inc. (7) 1960
14140 Ventura Blvd.
Sherman Oaks 91423
8 Petersen International 13
Underwriters (8) 1979
23929 Valencia Blvd.,
Suite 215
Valencia 91355
9 Innovative Solutions 21
Insurance Svcs. LLC 1998
19191 S. Vermont Ave.,
Suite 825
Torrance 90502
10 Willis Insurance Services 60
of Los Angeles Inc. (11) 1950
801 N. Brand Blvd.,
Suite 400
Glendale 91203
11 Dodge, Warren & Peters 104
Insurance Services Inc. (12) 1977
660 S. Figueroa St.,
Suite 2000
Los Angeles 90017
12 Bolton & Company (9) 118
245 S. Los Robles Ave., 1931
Suite 105
Pasadena 91102
13 ABD Insurance & Financial 60
Services (13) 1986
21250 Hawthorne Blvd.,
Suite 600
Torrance 90503
14 Sander A. Kessler & 73
Associates Inc. (10) 1956
2850 Ocean Park Blvd.,
Suite 200
Santa Monica 90405
15 Financial Independence Co. 14
21300 Victory Blvd., 1984
Suite 215
Woodland Hills 91367
Rank Brokerage (Ranking in 2001) Insurers
* name (partial list)
* address
1 Aon Corp. (1) all carriers
707 Wilshire Blvd.,
Suite 6000
Los Angeles 90017
2 Marsh Risk & Insurance all carriers
Services (2)
777 S. Figueroa St.
Los Angeles 90017
3 Arthur J. Gallagher & Co. all carriers
Insurance Brokers (3)
505 N. Brand Blvd.,
Sixth Floor
Glendale 91203
4 Total Financial & Insurance Travelers, AIG, Mass
Services Inc. (4) Mutual, Reliastar,
11835 W. Olympic Blvd., Jefferson Pilot,
Suite 600 Lincoln Life, Lincoln
Los Angeles 90064 Benefit
5 Keenan & Associates (5) Blue Cross, Healthnet,
2355 Crenshaw Blvd., Ace USA, Delta Dental
Suite 200
Torrance 90501
6 Lockton Insurance Brokers all carriers
Inc. (6)
725 S. Figueroa St.,
35th Floor
Los Angeles 90017
7 USI of Southern California all major carriers
Ins. Services Inc. (7)
14140 Ventura Blvd.
Sherman Oaks 91423
8 Petersen International Lloyds of London
Underwriters (8)
23929 Valencia Blvd.,
Suite 215
Valencia 91355
9 Innovative Solutions Transamerica,
Insurance Svcs. LLC Travelers, West Coast,
19191 S. Vermont Ave., SunLife, John Hancock
Suite 825
Torrance 90502
10 Willis Insurance Services AIG, Aetna, Zurich,
of Los Angeles Inc. (11) CNA, Hartford, Chubb
801 N. Brand Blvd.,
Suite 400
Glendale 91203
11 Dodge, Warren & Peters Cal State Comp Fund,
Insurance Services Inc. (12) Fireman's Fund, Chubb,
660 S. Figueroa St., AIG, Hartford, CAN
Suite 2000 Royal
Los Angeles 90017
12 Bolton & Company (9) all carriers
245 S. Los Robles Ave.,
Suite 105
Pasadena 91102
13 ABD Insurance & Financial all carriers
Services (13)
21250 Hawthorne Blvd.,
Suite 600
Torrance 90503
14 Sander A. Kessler & all major carriers
Associates Inc. (10)
2850 Ocean Park Blvd.,
Suite 200
Santa Monica 90405
15 Financial Independence Co. Blue Cross, Blue
21300 Victory Blvd., Shield, Health Net,
Suite 215 Aetna, Safeguard, CAN,
Woodland Hills 91367 United Healthcare
Rank Brokerage (Ranking in 2001) Major Lines Written
* name (in order of volume)
* address
1 Aon Corp. (1) all lines
707 Wilshire Blvd.,
Suite 6000
Los Angeles 90017
2 Marsh Risk & Insurance all lines
Services (2)
777 S. Figueroa St.
Los Angeles 90017
3 Arthur J. Gallagher & Co. all lines
Insurance Brokers (3)
505 N. Brand Blvd.,
Sixth Floor
Glendale 91203
4 Total Financial & Insurance survivorship life,
Services Inc. (4) keyman insurance, foreign
11835 W. Olympic Blvd., nationals, term insurance,
Suite 600 annuities
Los Angeles 90064
5 Keenan & Associates (5) workers' compensation,
2355 Crenshaw Blvd., medical, dental,
Suite 200 property/liability,
Torrance 90501 malpractice, life
6 Lockton Insurance Brokers all lines
Inc. (6)
725 S. Figueroa St.,
35th Floor
Los Angeles 90017
7 USI of Southern California all lines
Ins. Services Inc. (7)
14140 Ventura Blvd.
Sherman Oaks 91423
8 Petersen International international medical,
Underwriters (8) excess disability for
23929 Valencia Blvd., athletes, entertainers,
Suite 215 physicians and executives,
Valencia 91355 international employee
benefits
9 Innovative Solutions life insurance fixed and
Insurance Svcs. LLC variable, long-term care
19191 S. Vermont Ave.,
Suite 825
Torrance 90502
10 Willis Insurance Services all lines
of Los Angeles Inc. (11)
801 N. Brand Blvd.,
Suite 400
Glendale 91203
11 Dodge, Warren & Peters workers' compensation,
Insurance Services Inc. (12) group health, package,
660 S. Figueroa St., general liability,
Suite 2000 umbrella, pollution
Los Angeles 90017
12 Bolton & Company (9) workers' compensation,
245 S. Los Robles Ave., package, general
Suite 105 liability
Pasadena 91102
13 ABD Insurance & Financial group employee benefits,
Services (13) property, casualty,
21250 Hawthorne Blvd., workers' compensation
Suite 600
Torrance 90503
14 Sander A. Kessler & workers' compensation,
Associates Inc. (10) property and casualty,
2850 Ocean Park Blvd., group health
Suite 200
Santa Monica 90405
15 Financial Independence Co. medical, dental, vision,
21300 Victory Blvd., life
Suite 215
Woodland Hills 91367
Rank Brokerage (Ranking in 2001) Profile
* name * headquarters
* address * offices (county/total)
* parent company
1 Aon Corp. (1) Chicago
707 Wilshire Blvd., 3/150+
Suite 6000 same
Los Angeles 90017
2 Marsh Risk & Insurance Now York
Services (2) 2/100
777 S. Figueroa St. MMC
Los Angeles 90017
3 Arthur J. Gallagher & Co. Itasca, Ill
Insurance Brokers (3) 3/200+
505 N. Brand Blvd., same
Sixth Floor
Glendale 91203
4 Total Financial & Insurance Los Angeles
Services Inc. (4) 1/4
11835 W. Olympic Blvd., National Financial
Suite 600 Partners
Los Angeles 90064
5 Keenan & Associates (5) Torrance
2355 Crenshaw Blvd., 2/11
Suite 200 same
Torrance 90501
6 Lockton Insurance Brokers Kansas City, Mo.
Inc. (6) 1/12
725 S. Figueroa St., Lockton Companies
35th Floor
Los Angeles 90017
7 USI of Southern California San Francisco
Ins. Services Inc. (7) 1/80
14140 Ventura Blvd. USI Ins. Services Inc.
Sherman Oaks 91423
8 Petersen International Valencia
Underwriters (8) 1/same
23929 Valencia Blvd., same
Suite 215
Valencia 91355
9 Innovative Solutions Torrance
Insurance Svcs. LLC 1/same
19191 S. Vermont Ave., same
Suite 825
Torrance 90502
10 Willis Insurance Services Nashville, Tenn.
of Los Angeles Inc. (11) 1/50
801 N. Brand Blvd., same
Suite 400
Glendale 91203
11 Dodge, Warren & Peters Los Angeles
Insurance Services Inc. (12) 3/6
660 S. Figueroa St., same
Suite 2000
Los Angeles 90017
12 Bolton & Company (9) Pasadena
245 S. Los Robles Ave., 1/2
Suite 105 same
Pasadena 91102
13 ABD Insurance & Financial Redwood City
Services (13) 1/10
21250 Hawthorne Blvd., same
Suite 600
Torrance 90503
14 Sander A. Kessler & Santa Monica
Associates Inc. (10) 1/same
2850 Ocean Park Blvd., same
Suite 200
Santa Monica 90405
15 Financial Independence Co. Los Angeles
21300 Victory Blvd., 1/4
Suite 215 same
Woodland Hills 91367
Rank Brokerage (Ranking in 2001) Top Local Executive
* name * name
* address * title
* phone
1 Aon Corp. (1) Peter Arkley
707 Wilshire Blvd., managing
Suite 6000 (213) 630-3200
Los Angeles 90017
2 Marsh Risk & Insurance Gregg Carpenter
Services (2) managing director
777 S. Figueroa St. (213) 624-5555
Los Angeles 90017
3 Arthur J. Gallagher & Co. James G. McFarlane
Insurance Brokers (3) area chairman
505 N. Brand Blvd., (818) 539-2300
Sixth Floor
Glendale 91203
4 Total Financial & Insurance Marlin Greenberg
Services Inc. (4) president
11835 W. Olympic Blvd., (310) 477-7500
Suite 600
Los Angeles 90064
5 Keenan & Associates (5) Sean K. Smith
2355 Crenshaw Blvd., president
Suite 200 (310) 212-3344
Torrance 90501
6 Lockton Insurance Brokers Timothy J. Noonan
Inc. (6) president, ceo
725 S. Figueroa St., (213) 689-0065
35th Floor
Los Angeles 90017
7 USI of Southern California H. David Wood
Ins. Services Inc. (7) president, ceo
14140 Ventura Blvd. (818) 906-3350
Sherman Oaks 91423
8 Petersen International Thomas R. Petersen
Underwriters (8) ceo
23929 Valencia Blvd., (661) 254-0006
Suite 215
Valencia 91355
9 Innovative Solutions Lynne Rosenberg Kidd
Insurance Svcs. LLC president
19191 S. Vermont Ave., (310) 851-8222
Suite 825
Torrance 90502
10 Willis Insurance Services John R. Genovese
of Los Angeles Inc. (11) chairman, ceo
801 N. Brand Blvd., (818) 548-7500
Suite 400
Glendale 91203
11 Dodge, Warren & Peters Gregory Davidian
Insurance Services Inc. (12) chairman, ceo
660 S. Figueroa St., (213) 627-9203
Suite 2000
Los Angeles 90017
12 Bolton & Company (9) William Bolton
245 S. Los Robles Ave., ceo
Suite 105 (626) 799-7000
Pasadena 91102
13 ABD Insurance & Financial James Czesak
Services (13) exec. v. p.
21250 Hawthorne Blvd., (310) 543-9995
Suite 600
Torrance 90503
14 Sander A. Kessler & Ronald A. Bloom
Associates Inc. (10) president
2850 Ocean Park Blvd., (310) 309-2200
Suite 200
Santa Monica 90405
15 Financial Independence Co. Sheila Hartman
21300 Victory Blvd., president
Suite 215 (818) 592-0205
Woodland Hills 91367
Note: The information on this list was supplied by representatives of
the brokerages themselves. Brokerages are ranked by 2001 L.A. County
commission income.
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and thoroughness
of the list, omissions and typographical errors sometimes occur. Please
send corrections or additions on company letterhead to the Research
Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite
170, Los Angeles 90036. [C]2002 Los Angeles Business Journal. This list
may not be reprinted in whole or in part without prior written
permission from the editor. Reprints are available from Wright's
Reprints, (877) 652-5295.
Researched by Natasha Prishva
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