Best’s News & Research Service - October 03, 2025 10:12 AM (EDT)
Best’s Rankings: US Boiler & Machinery DPW Increased 3.6% in 2024
OLDWICK, N.J. //BestWire// - United States insurers writing boiler and machinery coverage saw 2024 direct premium written increase 3.6% to reach $3.07 billion, according to a new Best's Ranking report.
Despite a 0.3% decline in DPW, FM Global retained its top spot in 2024 with a 31.3% market share and $960.0 million in DPW.
Chubb INA Group moved up two spots to No. 2 with a 17.4% increase in DPW, which reached $229.0 million in 2024, according to Best's Rankings. American International Group moved up one spot to No. 4 with a 9.1% increase in DPW, which totaled $200.1 million.
Travelers Group moved down one spot to No. 3 and saw DPW increase 4.5% to $224 million, while Zurich Insurance US PC Group fell two spots to No. 5 with a 20% drop in DPW, according to the report. Zurich's DPW totaled $161.4 million in 2024.
The report includes direct premium written, change in premiums, market share, adjusted loss ratio and percentage of the line in the company's overall business.
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 Steve Hallo, senior associate editor, BestWire: Steve.Hallo@ambest.com)