Top 10 Insurers Boiler & Machinery | 2022 New England Market Share Report
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The National Association of Insurance Commissioners has issued a new in-depth report on the 2021 market share data for insurers within the Property & Casualty marketplace. A total of 33 lines of business have been analyzed both at the national and state level. In response to the publication of this data, Agency Checklists is providing a distillation of the report over the coming weeks featuring the top insurers in various marketplaces in both Massachusetts as well as the rest of the New England states.
The Boiler & Machinery Marketplace in Massachusetts
Company NameDirect Premiums Written (000)Direct Premiums
Earned (000) Loss RatioLoss & Containment RatioMarket ShareCumulative Market Share1. FM GLOBAL GRP16,46115,44354.27 %54.83 %35.02 %35.02 %2. CHUBB LTD GRP5,7635,59017.13 %17.66 %12.26 %47.28 %3. TRAVELERS GRP3,5893,44849.34 %49.87 %7.64 %54.91 %4. ZURICH INS GRP3,1032,5462.54 %2.54 %6.60 %61.51 %5. AMERICAN INTL GRP3,0823,39910.51 %11.27 %6.56 %68.07 %6. CNA INS GRP1,7161,61915.32 %15.29 %3.65 %71.72 %7. WR BERKLEY CORP GRP1,6811,63817.11 %18.75 %3.58 % 75.30 %8. LIBERTY MUT GRP1,6711,322N/A0.76 %3.55 %78.85 %9. MUNICH RE GRP1,5841,1687.09 %7.11 %3.37 %82.22 %10. SELECTIVE INS GRP1,2831,26716.03 %16.03 %2.73 %84.95 % ***STATE TOTAL***47,00744,67229.14 %29.13 %100.00 %84.95 %
Market Share Data for the rest of New England
Since many of our readers hail from all over New England, the following are additional snapshots of the top ten insurers for each of the other five New England states. The following highlights the top 10 insurers in this marketplace for each of the other New England states. Of note, FM Global is the top insurer in every New England state.
Connecticut
Company NameDirect Premiums Written (000)Direct Premiums
Earned (000) Loss RatioLoss & Containment RatioMarket ShareCumulative Market Share1. FM GLOBAL GRP5,7976,46070.77 %71.73 %27.11 %27.11 %2. CHUBB LTD GRP3,9974,04719.36 %19.74 %18.70 %45.81 %3. AMERICAN INTL GRP1,6151,16215.84 %16.71 %7.55 %53.36 %4. TRAVELERS GRP1,6071,55412.59 %13.12 %7.52 %60.88 %5. ZURICH INS GRP1,2341,2001.37 %1.37 %5.77 %66.65 %6. SELECTIVE INS GRP1,0571,0184.14 %4.14 %4.94 %71.60 %7. WR BERKLEY CORP GRP62158623.29 %23.83 %2.90 %74.50 %8. HERITAGE INS HOLDINGS GRP49541413.35 %13.79 %2.32 %76.82 %9. LIBERTY MUT GRP455342N/AN/A2.13 %78.95 %10. AXA INS GRP448433N/AN/A2.10 %81.04 %***STATE TOTAL***21,38021,83429.39 %29.35 %100.00 %81.04 %
Maine
Company NameDirect Premiums Written (000)Direct Premiums
Earned (000) Loss RatioLoss & Containment RatioMarket ShareCumulative Market Share1. FM GLOBAL GRP4,3724,20023.81 %25.20 %40.34 %40.34 %2. WR BERKLEY CORP GRP1,5031,4373.46 %3.46 %13.86 %54.20 %3. FRANKENMUTH GRP1,0711,0372.15 %1.93 %9.88 %64.08 %4. CHUBB LTD GRP71457315.51 %16.00 %6.59 %70.68 %5. TRAVELERS GRP6887147.07 %7.25 %6.35 %77.02 %6. ZURICH INS GRP438362N/AN/A4.04 %81.06 %7. AMERICAN INTL GRP39428215.38 %16.29 %3.63 %84.70 %8. LIBERTY MUT GRP353331N/AN/A3.26 %87.96 %9. THE HANOVER INS GRP2131872.93 %2.98 %1.96 %89.92 %10. SWISS RE GRP163519N/AN/A1.51 %91.42 %***STATE TOTAL***10,83910,5299.47 %10.03 %100.00 %91.42 %
New Hampshire
Company NameDirect Premiums Written (000)Direct Premiums Earned Loss RatioLoss & Containment RatioMarket ShareCumulative Market Share1. FM GLOBAL GRP2,2862,2163.01 %3.01 %26.48 %26.48 %2. AMERICAN INTL GRP1,0921,0248.00 %8.53 %12.65 %39.13 %3. WR BERKLEY CORP GRP92088321.56 %22.33 %10.66 %49.79 %4. ZURICH INS GRP9027065.97 %5.97 %10.45 %60.23 %5. CHUBB LTD GRP58956917.27 %17.74 %6.83 %67.06 %6. AXA INS GRP318236N/AN/A3.69 %70.75 %7. FRANKENMUTH GRP29028229.45 %29.25 %3.37 %74.11 %8. LIBERTY MUT GRP253227N/AN/A2.93 %77.04 %9. TRAVELERS GRP2192372.14 %1.92 %2.53 %79.57 %10. MUNICH RE GRP1911495.76 %5.63 %2.22 %81.79 %***STATE TOTAL***8,6318,2409.27 %9.16 %100.00 %81.79 %
Rhode Island
Company NameDirect Premiums Written (000)Direct Premiums Earned Loss RatioLoss & Containment RatioMarket ShareCumulative Market Share1. FM GLOBAL GRP1,2831,3594.97 %4.89 %19.38 %19.38 %2. CHUBB LTD GRP71671721.11 %20.44 %10.81 %30.19 %3. TRAVELERS GRP539520119.50 %124.38 %8.14 %38.33 %4. ZURICH INS GRP5364304.39 %4.39 %8.10 %46.43 %5. AMERICAN INTL GRP482373N/AN/A7.29 %53.72 %6. HERITAGE INS HOLDINGS GRP46442419.37 %19.61 %7.01 %60.73 %7. SELECTIVE INS GRP44140265.13 %65.13 %6.67 %67.39 %8. EMC INS CO GRP278290N/AN/A4.20 %71.59 %9. LIBERTY MUT GRP2582149.08 %8.26 %3.90 %75.50 %10. NATIONWIDE CORP GRP224211N/AN/A3.38 %78.88 %***STATE TOTAL***6,6216,27023.02 %22.71 %100.00 %78.88 %
Vermont
Company NameDirect Premiums Written (000)Direct Premiums Earned Loss RatioLoss & Containment RatioMarket ShareCumulative Market Share1. FM GLOBAL GRP1,8661,7700.00 %0.00 %32.38 %32.38 %2. WR BERKLEY CORP GRP7046705.29 %6.12 %12.22 %44.60 %3. TRAVELERS GRP56548310.39 %10.80 %9.81 %54.41 %4. ZURICH INS GRP42223010.24 %10.24 %7.32 %61.73 %5. AMERICAN INTL GRP3823665.66 %6.48 %6.63 %68.36 %6. FRANKENMUTH GRP3803587.33 %7.22 %6.59 %74.95 %7. LIBERTY MUT GRP22318016.09 %19.60 %3.88 %78.83 %8. CNA INS GRP186191N/AN/A3.23 %82.06 %9. NATIONWIDE CORP GRP17417023.61 %23.61 %3.03 %85.08 %10. MUNICH RE GRP1551193.39 %2.86 %2.68 %87.76 %***STATE TOTAL***5,7625,3253.26 %3.50 %100.00 %87.76 %
Other New England Market Share Reports
The following is a list of other New England market share reports on select lines of business as published in the NAIC report.
Top 10 Insurers Total All Lines | 2022 New England Market Share Report
