The Chubb Group of Insurance Companies and FM Global were the big winners in the first "Risk Manager Choice Awards," based on a survey of 411 corporate insurance buyers run by the Flasp?hler Research Group, in partnership with National Underwriter.
When asked which commercial insurance providers they believe are "best overall," 46.1 percent of the entire survey base named Chubb--the most among 50 choices offered. Chubb was cited by 49.0 percent of those placing more than $5 million in commercial premiums, as well as by 45.9 percent of those placing below $5 million--topping both categories.
Zurich (41.3 percent) and The Travelers (41.1 percent) finished second and third overall, respectively. However, Travelers (43.5 percent) topped Zurich (40.1 percent) among buyers placing less than $5 million in premiums, although Travelers (39.2 percent) finished below both Zurich (44.4 percent) and ACE USA (43.1 percent) among bigger buyers. (Respondents could cite more than one carrier.)
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