Valuation Trading Multiples & Precedent Transactions: Global Commercial Insurance Brokerage Firms
Valuation benchmarks for Global Commercial Insurance Brokerage Firms. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Global Commercial Insurance Brokerage Firms Market Context & Valuation Drivers
Companies in this trading comparable group are global commercial insurance brokers and risk advisors that generate commission and fee revenue by placing property, casualty, and specialty coverage, arranging reinsurance, and delivering benefits and human capital consulting. They are grouped as public trading comparables because they share fee-based models, diversified insurance lines, recurring enterprise relationships, and common exposure to insurance pricing cycles, premium flows, and placement volumes—key drivers for valuation benchmarks.
Core capabilities span primary P&C and specialty lines broking, reinsurance brokerage and structuring, employee benefits and health plan brokerage, and enterprise risk management consulting including cyber, crisis, and ERM. These firms provide actuarial and retirement advisory, claims advocacy, and negotiation, supported by analytics and technology platforms for benchmarking, placement, and risk modeling. Many extend into human capital solutions—compensation, talent, and benefits administration—to deepen relationships and expand higher-margin fee services.
Primary customers include multinational enterprises, mid-market companies, and public sector entities, while insurers engage these brokers for reinsurance intermediation. Outcomes that matter for valuation include organic fee and commission growth, client retention and net new business, operating and EBITDA margin expansion, and cash conversion. Analysts also assess exposure to rate hardening/softening, premium volume trends, and cross-sell penetration across specialty, benefits, and reinsurance as core performance indicators.
2. Valuation Analysis: Public Trading Comps & Multiples for Global Commercial Insurance Brokerage Firms companies
2.1 - Public Peer Groups & Median Valuation Multiples for Global Commercial Insurance Brokerage Firms sector
Comparable group 1: Global Commercial Insurance Brokerage Firms
Marsh & McLennan
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of risk management, insurance brokerage, reinsurance services, talent management, investment advisory, and management consulting, delivering specialized services and strategic advice to clients globally through four main operating companies.
- Key Products:
- Insurance Brokerage: Comprehensive brokering services for property, casualty, and specialty insurance
- Risk Management Consulting: Strategic risk management consulting, including cyber risk, crisis management, and enterprise risk management
- Reinsurance Services: Specialized reinsurance solutions across various sectors
- Talent Management: Solutions for talent management, including employee benefits and health
- Investment Advisory: Investment advisory services focusing on maximizing organizational effectiveness and mitigating financial risk
Aon
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of risk management, insurance, reinsurance brokerage, and human resources solutions, delivering analytic insights and integrated expertise to help clients make better decisions across risk and people strategies.
- Key Products:
- Risk Reinsurance: Provides comprehensive reinsurance solutions helping clients manage and reduce risks
- Human Resources: Offers solutions for talent management, compensation, and benefits
- Cyber Solutions: Delivers services to enhance cyber resilience and manage digital risks
- Insurance Brokerage: Facilitates the procurement and placement of insurance coverage for clients
- Health Solutions: Provides health benefits and wellness programs tailored to organizational needs.