Filed Under:Risk Management, Corporate Risk

Zurich, Chubb Voted Best In Class By Risk Managers

FM Global favored in a number of key categories; Chartis, too, scores well

From a choice of more than 50 providers, Zurich and the Chubb Group of Insurance Cos. were named as the number 1 and 2 overall favorites of insurance buyers in the annual “Risk Manager Choice Awards” in the “best overall” insurance companies category.

Zurich was first choice, with a 42.2 score, just edging out second-place Chubb, which came in at 42.

Chartis came in third with a 35.9 tally. Travelers placed fourth at 33, with FM Global coming in fifth at 32.8 percent.

The results are based on a survey of 364 insurance buyers by the Flaspöhler Research Group, in partnership with NU.

FM Global Scores High Marks

In a section of the survey that rated “evaluation and selection factors” used by risk managers to choose their carriers, Johnston, R.I.-based FM Global fared exceptionally well, topping the list in six of the seven categories (see chart on page 27). The company scored an impressive 7.97 out of nine points for Underwriting Capabilities (Lloyd’s was second at 7.82) and 7.74 for Financial Value (Chubb was second at 7.40).

Interestingly, in these troubled financial times, when risk managers are so mindful of the financial stability of their carriers, this year Berkshire Hathaway was rated first for “financial security,” with 8.30 out of nine points. FM Global was second with 8.14 points.


Risk managers were asked to rank carriers for 14 lines of business (see chart). Carrier FM Global, which specializes in commercial property coverage, came in first for business interruption at 54.5, with Zurich second at 23.9.

FM Global also led in property coverage with a 50.2 score. Zurich was second at 20.7.

Related Charts -

Relationship Status

Line Of Business Favorites

Evaluation/Selection Criteria Ratings

Premium Partners: For What Would You Pay More?

Featured Video

Most Recent Videos

Video Library ››

Top Story

Friday's cyber attacks a 'wake-up call' for insurers and public alike

Waves of DDoS attacks shut down swatches of the internet on Friday, prompting the need for the insurance industry to issue standard cyber liability coverage forms.

Top Story

Will NAPSLO and AAMGA merge?

The two organizations have created a joint committee to explore potential benefits.

More Resources


eNewsletter Sign Up

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.