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Intermediary between buyers and sellers of insurance An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers under a contract.

Financial servicesFinancial servicesEconomic service provided by the finance industry Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.Australian Securities and Investments CommissionAustralian Securities and Investments CommissionThe Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. ASIC, which reports to the treasurer, was established on 1 July 1998 following recommendations from the Wallis Inquiry.IntermediaryIntermediaryAn intermediary, also known as a middleman or go-between, is defined in various ways, according to context. In law or diplomacy, an intermediary is a third party who offers intermediation services between two parties. In trade or barter, an intermediary acts as a conduit for goods or services offered by a supplier to a consumer, which may include wholesalers, resellers, brokers, and various other services.InsuranceInsuranceProtection from financial lossAn advertisement for a fire insurance company Norwich Union, showing the amount of assets in coverage and paid insurance (1910)Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss.HUB InternationalHUB InternationalHUB International Limited is a privately held insurance brokerage and financial services firm headquartered in Chicago, Illinois. Founded in 1998 through the merger of 11 Canadian brokerages, the company operates more than 700 offices across the U.S. and Canada and employs more than 21,000 people. HUB reported $5.28 billion in total revenue in 2025, ranking seventh among the world’s largest insurance brokers.Life insuranceLife insuranceLife insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as physical complications or illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum.Arthur J. Gallagher & Co.Arthur J. Gallagher & Co.Arthur J. Gallagher & Co. (Gallagher) is an American insurance brokerage and risk management services company based in Rolling Meadows, Illinois, a suburb of Chicago. The company provides insurance brokerage services (87% of 2025 revenues) and risk management services (13% of 2025 revenues), the latter of which primarily includes the processing of workers compensation and automobile insurance claims through the company's adjusters.Willis Towers WatsonWillis Towers WatsonWillis Towers Watson plc (branded as WTW) is a British-American multinational advisory, broking and solutions company. Its operations span commercial insurance brokerage and risk advisory, employee benefits and rewards consulting, retirement and actuarial services, and investment advice for pension funds and institutional investors. The company is legally domiciled in Ireland and has its principal executive offices at the Willis Building in London.Lockton CompaniesLockton CompaniesLockton is an American company that provides insurance, risk management, and employee benefits. In addition to its Kansas City, Missouri headquarters, Lockton operates more than 150 offices and transacts business in more than 160 countries. Lockton currently employs more than 13,100 people worldwide. The company was founded by Jack Lockton in 1966 and has since become the world's largest privately owned insurance brokerage firm, and the 9th largest overall.Aon plcAon plcAon plc (English: ) is an international professional services firm. It has two divisions: Risk Capital (67% of 2024 revenues), which provides brokerage and consulting services for risk management, insurance and reinsurance, and Human Capital (33% of 2024 revenues), which provides services related to health insurance, retirement plans, pension plans, and talent advisory.Marsh McLennanMarsh McLennanMarsh & McLennan Companies, Inc., doing business asMarsh McLennan and Marsh, is an American professional services firm headquartered in New York City, with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.

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