Insurance brokers: ranked by 2006 L.A. County revenue.EXECUTIVE SUMMARY THE 15 largest local brokerages reported a 3 percent increase in combined revenues in 2005. They reported a combined $702 million in revenues, up 20 million from the previous year. The rebound rebound (rē´bownd), n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective in 2006 followed one of the most 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. years on record for the insurance industry in 2005, due to losses in the Gulf Coast from Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. . Payouts on insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy. insured n. claims for the damage caused by the hurricane hurricane, tropical cyclone in which winds attain speeds greater than 74 mi (119 km) per hr. Wind speeds reach over 190 mi (289 km) per hr in some hurricanes. exceeded $61 billion according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. estimates by the Insurance Information Institute. Years of solid profitability like 2006 are essential if the cyclical industry Cyclical Industry A term describing an industry that is sensitive to the business cycle and price changes. Many cyclical industries produce durable goods such as raw materials and heavy equipment. is to offset years like 2005, in which payouts for claims exceed revenue. The two top firms on the list held onto their spots this year. Lockton Lockton is a small village in the North Yorkshire Moors in England, about 4 miles north-east of Pickering. Nearby villages include Newton-on-Rawcliffe and Levisham. External links Lockton and Levisham Past and Present Insurance Brokers Inc. moved up one spot to No. 3 with $80.4 million in L.A. County revenues, up 23 percent from the previous year. No. 4 Arthur Arthur, king of Britain: see Arthurian legend. Arthur king and hero of Scotland, Wales, and England. [Arthurian Legend: Parrinder, 28] See : Heroism J. Gallagher Gallagher may refer to: People
THE PACESETTER AON CORP. AON Corp. tops the list of the largest insurance brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. firms ranked by L.A. County revenues for the eighth consecutive year with $187 million. That's up $4 million from the previous year. The local office has seen significant changes at the top over the past couple of months. Aon brought on John P. Barrett Barrett (sometimes spelled Barret or Barratt) is a surname that has been associated with several different people, places and organisations: Barrett is a popular surname in south and west Ireland. as president and resident managing director for Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, in February February: see month. . He was hired from rival Marsh Inc. after working with that company for 21 years. Barrett assumes the responsibilities of Sam (1) (Security Accounts Manager) The part of Windows NT that manages the database of usernames, passwords and permissions. A SAM resides in each server as well as in each domain controller. See PDC and trust relationship. Cargill Cargill, Incorporated is a privately held, multinational corporation, and is based in the state of Minnesota in the United States. It was founded in 1865, and has grown into the world's second largest privately held corporation (in terms of revenue). , who was promoted to chairman of Aon of Southern California and Aon Global Sales Leader- Americas A·mer·i·cas , the See America. . It includes the entertainment unit and is the company's largest division. Cargill now serves in a dual role, continuing his oversight
Oversight may refer to:
"John is a significant addition to the Aon leadership in Southern California," said Cargill. The company continues to grow in Southern California. It restructured its entertainment practice, which had traditionally focused on studio and television production to include other areas of entertainment, specifically gaming. "We've we've Contraction of we have. we've have reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. to expand the scope of the entertainment business and that strategy has proved to be successful," said Cargill. The company also launched a service last year called "Rapid Response," which was developed based on the devastation caused by Hurricane Katrina. The program will help the company respond to major disasters.--David Nusbaum
INSURANCE BROKERS
Ranked by 2006 L.A. County revenue
Rank Brokerage (Ranking in 2006) Revenues (1)
* name (county/national)
* address * 2006
* 2005
* percent gain (loss)
1 Aon Corp. (1) $187/$2,450
707 Wilshire Blvd., Suite 6000 $183/$2,436
Los Angeles 90017 2.2%/0.6%
2 Marsh Inc. (2) 125/5,000
777 S. Figueroa St. 125/5,900
Los Angeles 90017 0/-15.3
3 Lockton Insurance Brokers LLC (4) 80.4/463
725 S. Figueroa St., 35th Floor 65.5/400
Los Angeles 90017 22.8/15.8
4 Arthur J. Gallagher & Co. (3) 79.3/1,534
505 N. Brand Blvd., Sixth Floor 68.1/1,483.9
Glendale 91203 16.4/3.4
5 Keenan & Associates (6) 52/131
2355 Crenshaw Blvd., Suite 200 51.5/110
Torrance 90501 1/19.1
6 Elkins/Jones Insurance Agency Inc. (7) 50/50
12100 Wilshire Blvd., Suite 300 50/50
Los Angeles 90025 0/0
7 USI of Southern California Insurance 31.8/551.6
Services Inc. 31/508.3
21600 Oxnard St., Eighth Floor 2.3/8.5
Woodland Hills 91367
8 Willis (9) 28/786
801 S. Figueroa St. 28/786
Los Angeles 90017 0/0
9 Wells Fargo Insurance Services Inc. 27/N/A
15303 Ventura Blvd., Seventh Floor 25/N/A
Sherman Oaks 91403 8/N/A
10 PRB Insurance & Financial Services 22.9/26.9
Inc. (10) 20.8/25.6
1925 Century Park East, Fourth Floor 10/4.8
Los Angeles 90067
11 ABD Insurance and Financial Services 21.4/167.8
(11) 20.2/156.6
21250 Hawthorne Blvd., Suite 600 5.9/7.2
Torrance 90503
12 Bolton & Co. (12) 18.1/21.3
245 S. Los Robles, Suite 105 17.8/21
Pasadena 91102 1.6/1.3
13 Innovative Solutions Insurance 18/18
Services (8) 29/29
200 N. Sepulveda Blvd., Suite 900 -37.9/-37.9
El Segundo 90245
14 Millennium Corporate Solutions Inc. 15/15
550 N. Brand Blvd., Suite 1100 12/12
Glendale 91203 25/25
15 Sander A. Kessler & Associates Inc. 14.7/14.7
(13) 15/15
2850 Ocean Park Blvd., Suite 200 -2/-2
Santa Monica 90405
Rank L.A. County Insurers
* employees (partial list)
* year
established
1 862 all carriers
1976
2 450 all carriers
1923
3 356 all carriers
1995
4 305 all carriers
1981
5 435 N/A
1972
6 N/A Fireman's Fund, Hartford, Chubb,
1996 California Insurance Group,
St. Paul/Travelers, Allied, Safeco
7 147 Fireman's Fund, AIG, Hartford, Blue
1994 Sheild, Blue Corss, Unum
8 105 all carriers
1950
9 187 Chubb, Travelers, The Hartford,
1962 AIG, Zurich, CNA, Fireman's Fund
10 60 Union Central Life, Mass Mutual,
1962 Manufacturers Life & Travelers,
UNUM, Transamerica, Pacific Life
11 75 all carriers
1986
12 116 all major carriers
1931
13 36 all carriers
1998
14 35 Travelers, Golden Eagle, CNA,
1997 Fireman's Fund, Hartford, Blue
Cross, Healthnet
15 85 State Compensation Insurance
1954 Fund, Cigna Corp., Blue Cross,
Aetna, Applied Underwriters
Rank Major Lines Written Profile
(partial list) * parent company
* headquarters
* offices
(county/total)
1 all lines N/A
Chicago
3/500
2 all lines MMC
New York
2/400
3 all lines Lockton Cos.
Kansas City, Mo.
1/17
4 all lines N/A
Itasca, II.
4/200
5 workers' compensation, medical, N/A
dental, property/liability, mal- Torrance
practice 2/10
6 real estate (lessors risk) manu- N/A
facturing, workers' compensation, Los Angeles
home owners 1/2
7 property & casualty, employee USI Holdings Corp.
benefits Briarcliff Manor, N.Y.
1/75
8 all lines Willis Group Holdings Ltd.
New York
1/300
9 general liability, property, wor- Wells Fargo Bank
kers' compensation, professional Chicago
liability, management liability, 2/168
entertainment
10 life, annuities, disability, N/A
long-term care, group employee Los Angeles
benefits, 401(k) 1/4
11 group employee benefits, N/A
property/casualty, workers' Redwood City
compensation, 401(k) 1/16
12 all lines N/A
Pasadena
1/2
13 life insurance, annuities, long- N/A
term care insurance El Segundo
1/1
14 property/casualty, employee N/A
benefits, surety, personal lines Irvine
1/5
15 workers' compensation, group N/A
health, personal lines, 401(k), Santa Monica
commercial general liability, 1/1
property/casualty
Rank Top Local Executive
* name
* title
* phone
1 Sam Cargill
chairman, Aon So. Cal.
(213) 630-3200
2 Kris Davis
managing director
(213) 346-5555
3 Timothy J. Noonan
ceo
(213) 689-0500
4 James G. McFarlane
chairman, Western regio
(818) 539-2300
5 Sean Smith
ceo
(310) 212-3344
6 Janet C. Jones
president
(310) 207-9796
7 Michael J. Rastigue III
president
(818) 251-3000
8 David Fuhrman
ceo, Los Angeles
(213) 607-6300
9 Jeffrey Lang
sr. v.p., sales & marketin
(818) 464-9300
10 Tom Michel
managing partner
(310) 551-3125
11 Robert Volkel
executive v.p.
(310) 543-9995
12 Steve Brockmeyer
co-ceo, president
(626) 799-7000
13 Lynne Rosenberg Kidd
ceo
(310) 851-8222
14 William Syrkin
partner
(949) 857-4500
15 Steven K. Kessler
ceo
(310) 309-2200
N/A--Not Applicable
Note: The information on this list was supplied by representatives of
the brokerages themselves. Brokerages are ranked by 2006 L.A. County
revenues from insurance brokerage services. Numbers that appear to be
tied have been rounded.
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]2007 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.
(1) In millions.
Researched by David Nusbaum
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