Despite dropping in several of the regional rankings, AIU, now Chartis Insurance, ranked as the best insurer globally for the third year running in Euromoney’s insurance survey. The majority of last year’s top 10 global insurers remained in the top 10; the exception was Mapfre, which was ousted by Australia-headquartered QBE. Within the top 10, Axa made the most progress this year, jumping from seventh in 2009 to second in 2010.
Regionally, Chartis topped western Europe’s rankings, pushing Zurich back down to second place. Royal & Sun Alliance was ranked fifth in western Europe from ninth last year and ACE moved up to third place. Chubb and HGI Gerling were replaced in the top 10 rankings by QBE and Lloyds.
North American rankings changed a lot over the year. ACE, which was fifth last year, was ranked by poll participants as the best insurer in the region, pushing Chartis down to second place. Axa ranks sixth in the region this year; it did not make it into the top 20 last year.
Axa also improved its rankings in central and eastern Europe, being voted as best insurer in the region this year, with Chartis remaining second, and former winner Allianz ranking third. Axa also made it to the top 10 in Latin America this year, ranking third. Chartis kept the top spot in the region, although in Asia Pioneer pushed it down to second place.
By category of insurance, Chartis ranked top in every sector apart from catastrophe insurance, where Allianz was voted best globally.
The rankings for best insurance brokers globally remained unchanged this year, with Aon, Marsh, and Willis ranking first, second and third respectively for the third consecutive year. In western Europe, JLT moved up to third place below Marsh and Aon. Similarly in Asia and the Middle East JLT moved up from last years’ rankings to third place.
