Best’s News & Research Service - August 29, 2025 10:21 AM (EDT)
Best's Rankings: US Ocean Marine 2024 Direct Premiums Written Rose 1.3%
OLDWICK, N.J. //BestWire// - U.S. ocean marine insurance direct premiums written increased 1.3% in 2024, according to a new Best's Ranking report.
Ocean marine DPW for the total U.S. property/casualty industry rose 1.3% to $5.74 billion. For the top 25 writers, DPW rose 0.3% to $4.91 billion. DPW rose 1.2% to $5.69 billion for the top 50 writers.
American International Group retained its top ranking even as its DPW fell 0.2% to $781.7 million.
Starr International Group retained its No. 2 position although its DPW fell 10.4% to $447.8 million. Chubb INA Group moved to No. 3 from No. 4 as its DPW rose 3.3% to $378.2 million.
Tokio Marine US PC Group was the biggest gainer among the top 10 as it DPW rose 15.6% to $372.4 million while it climbed to No. 4 from No. 5.
Travelers Group fell to fifth from third place as DPW fell 3.4% to $354.6 million.
The 3-page report measures 2024 DPW; percent change in premiums; market share and adjusted loss ratios for 2024, 2023 and 2022; and percentage of company premiums.
Subscribers can access the report and data here.
Learn more about Best's News and Research Service.
AM Best data sourced from Best's Financial Suite, US.
(By David Pilla, news editor, BestWire: David.Pilla@ambest.com)