LOS ANGELES BUSINESS JOURNAL THE LIST INSURANCE BROKERAGE … · 16 LOS ANGELES BUSINESS JOURNAL...

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16 LOS ANGELES BUSINESS JOURNAL MARch 24, 2014

THE LIST Ranked by 2013 L.A. County revenue

INSURANCEBROKERAGEFIRMS NExTwEEKThe Largest Biotech/Biomed Firms in L.A. County

L.A. CountyRank Brokerage¥ name

¥ address

¥ website

Revenue1

¥ 2013

¥ 2012

Premiums1

¥ 2013

¥ 2012

Insurers(partial list)

Major Lines Written(partial list)

Profile¥ parent company

¥ headquarters

¥ L.A. employees

¥ offices (L.A./total)

Top Local Executive¥ name

¥ title

¥ phone

1Arthur J. Gallagher & Co.505 N. Brand Blvd., Sixth FloorGlendale 91203ajg.com

$186.7$100.7

$1,599.3$836.3

all carriers all lines N/AItasca, Ill.7285/495

Scott J. FirestoneRegional Executive VicePresident(818) 539-2300

2Aon707 Wilshire Blvd., Suite 2600Los Angeles 90017aon.com

118.3139.0

820.6948.8

all carriers all lines Aon plcLondon3272/500

John P. BarrettResident ManagingDirector(213) 630-3200

3Lockton Insurance Brokers LLC725 S. Figueroa St., 35th FloorLos Angeles 90017lockton.com

105.891.7

1,550.01,300.0

all carriers all lines Lockton Cos.Kansas City, Mo.3652/28

Timothy J. NoonanCEO(213) 689-0500

4Keenan & Associates2355 Crenshaw Blvd., Suite 200Torrance 90501keenan.com

67.265.2

381.2362.0

N/A workers' compensation,medical, dental, property/liability, publicconstruction

N/ATorrance3841/9

Sean SmithCEO(310) 212-3344

5Hub International Insurance Services Inc.6701 Center Drive West, Suite 1500Los Angeles 90045hubinternational.com

46.937.6

557.0368.3

all carriers all lines Hub InternationalChicago2336/350

Andrew ForchelliSr. Executive VicePresident(310) 568-5900

6Wells Fargo Insurance USA Inc.21250 Hawthorne Blvd., Suite 600Torrance 90503wellsfargo.com/wfis

46.054.0

N/AN/A

all carriers group employee benefits,property/casualty,workers' compensation,401(k)

N/AChicagoN/A5/200

Sam ElliottRegional ManagingDirector(310) 543-9995

7Poms & Associates5700 Canoga Ave., Suite 400Woodland Hills 91367pomsassoc.com

45.542.0

218.6202.0

Blue Cross ofCalifornia, Blue Shieldof California, MunichAmerica, Hartford

all lines N/AWoodland Hills1452/7

David A. PomsPresident(818) 449-9300

8Total Financial & Insurance Services Inc.11835 W. Olympic Blvd., Suite 600Los Angeles 90064totalfinancial.com

41.746.4

N/AN/A

Lincoln Benefit Life,Lincoln Life, NewYork Life, Prudential,John Hancock, ING

life insurance, foreignnationals, annuities,finance, professionalprograms

National FinancialPartnersLos Angeles29; 1/2

Martin GreenbergPresident(310) 477-7500

9USI of Southern California Inc.21600 Oxnard St., Eighth FloorWoodland Hills 91367usi.biz

39.329.9

441.5449.2

all major carriers property/casualty,employee benefits,personal lines

USI HoldingsBriarcliff Manor,N.Y.52; 1/140

Thomas R. LewisRegional CEO(818) 251-3000

10Willis801 S. Figueroa St.Los Angeles 90017willis.com

38.035.3

385.0350.0

all carriers all lines Willis GroupHoldings Ltd.New York120; 1/300

David FuhrmanManaging Partner(213) 607-6300

11Alliant Insurance Services Inc.333 S. Hope St., Suite 3750Los Angeles 90071alliant.com

30.022.6

304.4237.5

all major carriers all lines N/ANewport Beach551/49

Peter ArkleySr. Executive VicePresident(213) 443-2440

12Momentous Insurance Brokerage Inc.5990 Sepulveda Blvd., Fifth FloorVan Nuys 91411momentousins.com

29.527.0

217.5185.0

all major carriers personal, commercial,entertainment, employeebenefits, managementliability

N/AVan Nuys1581/2

Diane BrinsonPresident(818) 933-2700

13Bolton & Co.3475 E. Foothill Blvd., Suite 100Pasadena 91107boltonco.com

29.425.5

366.9310.0

all major carriers all lines N/APasadena1201/1

Steve BrockmeyerCEO, President(626) 799-7000

14Arroyo Insurance Services2900 W. BroadwayLos Angeles 90041arroyoins.com

20.719.6

N/AN/A

Liberty Mutual,Chubb, Travelers,Hartford, Fireman'sFund, Blue Shield

commercial business,workers' compensation,employee benefitprograms

N/ALos Angeles14012/12

James ArmitagePresident(626) 799-9532

15United Agencies Inc.301 E. Colorado Blvd., Suite 200Pasadena 91101unitedagencies.com

17.52

12.52175.0125.0

CNA, Liberty Mutual,Safeco, Travelers,Hartford, Chubb,Fireman's Fund

workers' compensation,business insurance,personal insurance,employee benefits

N/APasadena15012/39

Gary ConkeyPresident(626) 535-8300

16Innovative Solutions Insurance Services200 N. Sepulveda Blvd., Suite 900El Segundo 90245isislife.com

14.87.5

14.611.8

all major carriers life insurance, annuities,long-term care anddisability insurance

N/AEl Segundo261/1

Lynne RosenbergPresident(800) 551-8289

17SullivanCurtisMonroe550 S. Hope St., Suite 1000Los Angeles 90071sullicurt.com

14.312.4

204.7N/A

Chubb, Fireman'sFund, AIU, PacifiCare,Blue Cross

property/casualty,employee benefits,workers' compensation

N/AIrvine131/3

John MonroeManaging Partner(949) 250-7172

18SGB-NIA Insurance Brokers Inc.21011 Warner Center LaneWoodland Hills 91367sgbnia.com

10.610.2

N/AN/A

all carriers all lines N/AWoodland HillsN/A1/2

James N. ScanlonCEO(800) 266-0550

19Grosslight Insurance Inc.1333 Westwood Blvd., Suite 200Los Angeles 90024grosslight.com

9.67.2

80.060.0

Travelers, GoldenEagle, Liberty Mutual,Capital InsuranceGroup, Hartford

commercial, personal,employee benefits

N/ALos Angeles541/2

Steven B. SchiewePresident(310) 473-9611

20B&B Premier Insurance Solutions Inc.5008 Chesebro Road, Suite 200Agoura Hills 91301bbpremierins.com

8.09.1

60.854.0

Mercury Insurance,Capital Insurance Co.,Safeco Insurance,Golden Eagle

auto, workers'compensation, apartmentbuildings, homeowners,construction

N/AAgoura HillsN/A2/2

Eric Bossuk/Steve BrooksCEO, Chairman/President(818) 223-8383

1 In millions.2 Estimate.N/A - Not Applicable Note: The information on this list was supplied by representatives ofthe brokerages themselves. Brokerages are ranked by 2013 L.A. County revenue frominsurance brokerage services. Numbers that appear to be tied have been rounded. Marshmay have qualified for this list, but declined to provide financial information. To the best ofour 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 errorssometimes occur. Please send corrections or additions on company letterhead to theResearch Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170, LosAngeles 90036. ©2014 Los Angeles Business Journal. This list may not be reprinted inwhole or in part without prior written permission from the editor. Reprints are availablefrom the YGS Group, (800) 290-5460 ext. 100.

Researched by David Nusbaum

THE PACESETTER: Arthur J. Gallagher & Co. is the largest insurance brokerage firm ranked by 2013 L.A. County revenue, surpassing Aon for the top spot on this year’s list. The company reported $187 million in revenue last year, up from $101 million in 2012. Premiums written in L.A. County nearly doubled from $836 million in 2012 to $1.6 billion last year. Part of that increase is due to its acquisition of Chapman Insurance in 2012. Chapman’s Pasadena office had 50 property and casualty professionals. Arthur J. Gallagher has 728 brokerage employees working in its five local offices.

ACQUISITION: Hub International acquired GNW-Evergreen Insurance Services in January. GNW-Evergreen’s two offices in Encino and Nashville became new offices for Hub and GNW-Evergreen President Andrew Forchelli became senior executive vice president for Hub. Terms were not disclosed.

Continued on page 18

CONSTRUCTION: The Los Angeles office of Alliant Insurance Services is the headquarters for the firm’s construction services group.

Source: Insurance Information Institute

4

5

6

7

8

9

10

11

12

‘08 ‘09 ‘10 ‘11 ’12

0

120

240

360

480

600

Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60

Location DollarsThird quarter average asking rents by submarket for Class A office property.

Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%

Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2

Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55

Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5

’09 ’10 ’11 ’12 ’13

$450

425

400

375

350

325

’09 ’10 ’11 ’12 ’13

$50

40

30

20

10

Rising Again

29% 10 9 9 43

2009 2010 2011 2012 2013

82% 18

422 420 434 449 348

2009 2010 2011 2012 2013

28.7 35.2 19.2 33.5 43

Made MoneyNationwide premiums earned by the property/casualty insurance sector. (in billions)

11

1

5

12100 WILSHIRE BLVD | SUITE 300 | LOS ANGELES | CA 90025 | 310-207-9796 | FAX 310-207-5337 | WWW.ELKINSJONES.COM

Elkins Jones Insurance Agency Inc. is one of the leadingindependent insurance agencies in Southern California. Ourteam offers customized commercial and personal insurancesolutions to demanding businesses and individuals. Founded75 years ago as the George Elkins Company, Elkins Jones combines the experience and portfolio of a Wall Street agencywith an aggressive commitment to personal service.

Elkins Jones Insurance Agency earns Capital

Insurance Group Agency of the Year Award for 2013

Awarded Fireman’s Fund Firemark

Program® Designation

18 LOS ANGELES BUSINESS JOURNAL THE LIST MARch 24, 2014

L.A. CountyRank Brokerage¥ name

¥ address

¥ website

Revenue1

¥ 2013

¥ 2012

Premiums1

¥ 2013

¥ 2012

Insurers(partial list)

Major Lines Written(partial list)

Profile¥ parent company

¥ headquarters

¥ L.A. employees

¥ offices (L.A./total)

Top Local Executive¥ name

¥ title

¥ phone

21Liberty Co. Insurance Brokers Inc.21820 Burbank Blvd., Suite 330Woodland Hills 91367libertycompany.com

$7.8$7.6

N/AN/A

Allied, Safeco,Hartford, EMC,Golden Eagle,Fireman's Fund, CNA

general liability, property,workers' compensationand benefits

N/AWoodland Hills341/5

Tom LeachPrincipal(818) 914-3960

22City Insurance Services3435 Wilshire Blvd., Suite 3000Los Angeles 90010city-insurance.com

6.56.0

50.040.0

Liberty Mutual,Hartford, Travelers,Safeco, EmployersComp, Cigna

commercial, benefits,personal, life, Medicare

N/ALos Angeles351/3

Brian JeungCEO(213) 387-6505

23Tegner-Miller Insurance Brokers2001 Wilshire Blvd., Suite 101Santa Monica 90403tmib.com

6.46.1

52.950.7

Travelers, CNA,Hartford, Encompass,Mercury Casualty,Allied

commercial property,workers' compensation,homeowners, personalauto, earthquake

N/ASanta Monica281/1

Dave NelsonPrincipal(310) 828-9662

24Elkins/Jones Insurance Agency Inc.12100 Wilshire Blvd., Suite 300Los Angeles 90025elkinsjones.com

6.45.5

52.0N/A

Fireman's Fund,Hartford, Chubb,California InsuranceGroup, Allied, Safeco

real estate (lessors risk),manufacturing, workers'compensation,homeowners

N/ALos AngelesN/A2/3

Janet C. JonesPresident(310) 207-9796

25Burnham Benefits Insurance Services724 S. Spring St., Suite 1104Los Angeles 90014burnhambenefits.com

5.74.6

242.0135.0

Anthem Blue Cross,Blue Shield, KaiserPermanente, Aetna,Cigna, UHC

group medical, dental,vision, life, disability,reinsurance, voluntaryproducts

N/AIrvine71/6

Kristen AllisonCEO(213) 688-1616

26PacFed Insurance Services Inc.1000 N. Central Ave., Suite 400Glendale 90212pacfed.com

5.45.1

145.0134.0

Kaiser, Health Net,United Health Care,HealthNet, LibertyNental

employee benefits: largegroup, private health careexchanges and Taft-Hartley trust funds

Pacific FederalInsurance Corp.Glendale11; 1/1

James GarrisonPresident(818) 243-0222

27Peter C. Foy & Associates21650 Oxnard St., Suite 1900Woodland Hills 91367pcfoy.com

4.74.9

74.274.0

Anthem, Aetna,Hartford, State Fund,United Healthcare,Cigna, Blue Shield

consultative partner for allbenefit programs,business commercialinsurance

N/AWoodland Hills221/1

Peter C. FoyCEO, President(818) 703-8057

28L/B/W Insurance & Financial Services Inc.28055 Smyth DriveValencia 91355lbwinsurance.com

4.74.5

43.040.5

Anthem Blue Cross,Hartford, Aetna,Swett & Crawford,Blue Shield, Kaiser

commercial, workers'compensation, groupbenefits, personal,financial and retirement

N/AValencia321/1

Mitzi LikeCEO, President(661) 702-6000

29Leavitt Insurance Services of Los Angeles21820 Burbank Blvd., Suite 300Woodland Hills 91367leavitt.com

4.03.6

58.254.0

all major carriers all lines Leavitt GroupCedar City, Utah181/125

Mark RussManaging Principal(818) 593-7001

30Epic Insurance Brokers and Consultants601 S. Figueroa St., Suite 3950Los Angeles 90017edgewoodins.com

3.93.2

40.228.8

all major carriers property, casualty,workers' compensation,executive risk, benefitsconsulting

N/ASan Mateo181/14

Jim GilletteManaging Principal(213) 629-8909

1 In millions.N/A - Not ApplicableNote: The information on this list was supplied by representatives of the brokerages

themselves. Brokerages are ranked by 2013 L.A. County revenue from insurancebrokerage services. Numbers that appear to be tied have been rounded. Marsh may havequalified for this list, but declined to provide financial information.

Researched by David Nusbaum

INSURANCE BROKERAGE FIRMS Continued from page 16

28

TEAM: Last year, L/B/W Insurance & Financial Services created a strategic alliance with two other local independent agencies to form Western Resource Network Insurance Solutions.

What you do. Who you do it for. An insurance company that sees the whole picture.Employees. Customers. Family. The daily grind up the market ladder is high and crowded. One slip. One misstep can undo your hard work. Poms & Associates is there as your guide, your safety net that includes everything from property & casualty, employee benefits, loss control and anything imaginable to insure your whole picture.

©2014 Poms & Associates Insurance Brokers

Plan Today. Insure Tomorrow. Pomsassoc.com 800-578-8802

CA Lic. #0814733

March 24, 2014 the list LOS aNGELES BUSINESS JOUrNaL 19

L.A. CountyRank Brokerage¥ name

¥ address

¥ website

Revenue1

¥ 2013

¥ 2012

Premiums1

¥ 2013

¥ 2012

Insurers(partial list)

Major Lines Written(partial list)

Profile¥ parent company

¥ headquarters

¥ L.A. employees

¥ offices (L.A./total)

Top Local Executive¥ name

¥ title

¥ phone

31ISU Olson Duncan Agency25550 Hawthorne Blvd., Suite 203Torrance 90505olsonduncan.com

$3.3$2.9

$27.0$24.0

Travelers, LibertyMutual, Hartford,Mercury

property, liability,automobile, professional,group health

N/ATorrance151/1

Mark F. DuncanPresident(310) 373-6441

32Gaspar Insurance Services Inc.5900 Canoga Ave., Suite 110Woodland Hills 91367gasparinsurance.com

3.32.5

18.015.0

Mercury, Hartford,Hanover, Travelers,CSE, Allied, Chubb,Kemper

business package policies,personal auto, personalhomeowners, earthquake,medical

N/AWoodland Hills284/4

Timothy K. GasparCEO(818) 302-3060

33Jaffe Insurance Agency13160 Mindanao Way, Suite 204Marina del Rey 90292jaffeinsurance.com

3.02.9

18.718.2

Encompass,Travelers, Mercury,CNA, Allied, AIG,Chubb

personal, commercial,individual and groupmedical/benefits

N/AMarina del Rey111/2

Craig E. JaffeVice President, CFO(310) 827-5050

34Corporate Strategies Inc.16255 Ventura Blvd., Suite 320Encino 91436corpstrat.com

2.82.4

29.026.0

American General,Anthem, Health Net,Blue Shield, JohnHancock, Kaiser

accident and health,employee benefits, lifeinsurance

N/AEncino15N/A/N/A

Martin LevyCEO, President(818) 377-7260

35Timothy Cline Insurance Agency Inc.725 Arizona Ave., Suite 100Santa Monica 90401timothycline.com

2.62.8

20.519.7

Travelers, Hanover,Zenith, Granite State,Liberty Mutual,Philadelphia, Sequoia

earthquake, property,casualty, crime, umbrella,workers' compensation,flood

N/ASanta Monica101/1

Timothy ClinePresident(800) 966-9566

36Olympic Insurance Agency1906 W. Burbank Blvd.Burbank 91506olympicinsurance.com

2.62.5

29.026.8

Chubb, Travelers,Everest National,Hartford, Blue Cross,Kaiser, HealthNet

property, liability, auto,workers' compensationand employee benefits

N/ABurbank131/2

Donald S. BarberiePresident(818) 843-4314

37CBIZ Benefits & Insurance Services Inc.10474 Santa Monica Blvd., Suite 200Los Angeles 90025cbiz.com

2.4N/A

50.0N/A

all carriers health, retirement, dental,group life, special risk lifeinsurance

CBIZ Inc.Cleveland131/44

Douglas J. GwilliamPresident(310) 268-2000

38Crescenta Valley Insurance3156 Foothill Blvd., Suite ALa Crescenta 91214cvins.com

1.91.8

14.613.9

Mercury InsuranceGroup, Travelers,Safeco, Hartford,Liberty Mutual

auto, home, apartmentowners, homeownerassociations, restaurants

N/ALa Crescenta151/1

Rick DingerPresident(818) 248-4500

39ISU Vansa Insurance Services12155 Riverside DriveValley Village 91606isuvansa.com

1.91.7

13.712.0

Allied, Hartford,Safeco, Golden Eagle,Pharmacists Mutual

workers' compensation,commercial, professionalliability, homeowners, auto

N/AValley Village81/1

Jerry Vande SandePresident(818) 763-9365

40Bichlmeier Insurance Services730 S. Pacific Coast HighwayRedondo Beach 90277bisins.com

1.81.8

12.011.8

Mercury, Civil ServiceEmployees, Travelers,Safeco, Progressive,Heath Net

auto, home, workers'compensation, businessproperty and liability,benefits

N/ARedondo BeachN/A2/2

Cary J. BichlmeierPresident(310) 376-8852

1 In millions.N/A - Not ApplicableNote: The information on this list was supplied by representatives of the brokerages

themselves. Brokerages are ranked by 2013 L.A. County revenue from insurancebrokerage services. Numbers that appear to be tied have been rounded. Marsh may havequalified for this list, but declined to provide financial information.

Researched by David Nusbaum

iNsURANCe BROKeRAGe FiRMs

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‘08 ‘09 ‘10 ‘11 ’12

0

120

240

360

480

600

Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60

Location DollarsThird quarter average asking rents by submarket for Class A office property.

Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%

Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2

Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55

Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5

’09 ’10 ’11 ’12 ’13

$450

425

400

375

350

325

’09 ’10 ’11 ’12 ’13

$50

40

30

20

10

Rising Again

29% 10 9 9 43

2009 2010 2011 2012 2013

82% 18

422 420 434 449 348

2009 2010 2011 2012 2013

28.7 35.2 19.2 33.5 43

Property IncomeProperty/casualty insurance industry net income after taxes. (in billions)

Source: Insurance Information Institute