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As an insurance industry hub, Chicago is home to over a dozen major insurers and brokers serving customers across the U.S. and worldwide. These prominent companies provide thousands of jobs and contribute greatly to the city’s vibrant business community.
In this article, I’ll highlight the leading insurance companies headquartered in Chicago. I’ll summarize their key business areas, financials, workforce size, history, and more. Read on for a comprehensive look at the top insurance employers rooted in the Second City.
Why Chicago Attracts Insurance Firms
Several factors make Chicago an ideal location for large insurance companies
- Central location and transportation hub
- Strong talent pool of financial and tech workers
- High concentration of corporate headquarters
- Access to investment capital and banking
- Good quality of life to attract employees
Chicago provides insurance companies with easy business travel, robust infrastructure, a deep talent pool, and access to customers and partners. The city will continue growing as a major insurance hub.
Major Chicago Insurance Company Profiles
Let’s look at key details on 10 of the most prominent insurance companies headquartered in the Windy City:
Allstate
- Headquarters: Northbrook, IL
- Founded: 1931
- Employees: Over 50,000
- Specialties: Auto, home, life, business insurance
Allstate is one of the largest U.S. insurers, best known for auto and home insurance. They have a large workforce in the Chicago suburbs and sell products nationwide.
CNA Insurance
- Headquarters: Chicago, IL
- Founded: 1897
- Employees: Over 7,000
- Specialties: Commercial P&C, professional liability
CNA is a top 10 commercial insurer providing P&C and specialized coverage for healthcare, financial, and other professionals.
Health Care Service Corporation (HCSC)
- Headquarters: Chicago, IL
- Founded: 1936
- Employees: Over 23,000
- Specialties: Health insurance
As the parent of Blue Cross Blue Shield affiliates in 5 states, HCSC is the largest customer-owned health insurer in the U.S.
Kemper
- Headquarters: Chicago, IL
- Founded: 1990
- Employees: Over 6,000
- Specialties: Auto, home, life, health insurance
Formed by a merger, Kemper provides insurance products for individuals and businesses sold through independent agents.
Zurich North America
- Headquarters: Schaumburg, IL
- Founded: 1872
- Employees: Over 9,000
- Specialties: P&C, life, disability insurance
Zurich NA provides commercial P&C, life, and disability insurance for U.S. and Canadian customers.
Arthur J. Gallagher & Co.
- Headquarters: Rolling Meadows, IL
- Founded: 1927
- Employees: Over 39,000
- Specialties: Insurance brokerage, risk management
Gallagher is one of the world’s largest insurance brokers providing brokerage, risk management, and HR solutions globally.
Hub International
- Headquarters: Chicago, IL
- Founded: 1998
- Employees: Over 14,000
- Specialties: Insurance brokerage, employee benefits
Hub is a top global broker offering P&C, life/health, reinsurance, and private client insurance.
Aon
- Headquarters: Chicago, IL
- Founded: 1982
- Employees: Over 50,000
- Specialties: Insurance brokerage, risk management
Aon is a leading professional services firm providing advice on risk management, retirement, and health. It’s one of the world’s largest brokers.
Conning
- Headquarters: Chicago, IL
- Founded: 1912
- Employees: Over 900
- Specialties: Investment management for insurers
Conning provides investment management and analytics services to insurance industry clients globally.
Mesirow
- Headquarters: Chicago, IL
- Founded: 1937
- Employees: Over 1,000
- Specialties: Insurance brokerage, investment management
Mesirow offers insurance brokerage, benefits consulting, investment management, and financial services to institutional clients.
Chicago: A Major Insurance Employment Hub
The insurance companies based in Chicago provide thousands of high-paying jobs including:
- Underwriting
- Actuarial science
- Claims management
- Information technology
- Marketing
- Customer service
According to Glassdoor, some of the largest insurance employers in metro Chicago include:
- Allstate: 8,200+ employees
- Zurich: 2,600+ employees
- CNA: 2,500+ employees
- Aon: 2,500+ employees
- Gallagher: 2,100+ employees
- Health Care Service Corp: 2,000+ employees
Chicago insurance professionals earn attractive salaries, such as:
- Insurance Agent: $59,000
- Actuary: $112,000
- Underwriter: $72,000
- Claims Adjuster: $48,000
- Risk Analyst: $83,000
In addition to corporate headquarters, many national insurers maintain local offices in Chicago to access the talent pool.
Why Chicago Will Remain an Insurance Mecca
Given its prime location, strong business climate, and deep professional workforce, Chicago seems certain to continue growing as a major hub for insurance companies.
Firms can tap into the city’s immense base of financial, tech, and other talent to staff their operations.Chicago provides easy transportation links plus access to banking/investment partners critical to insurers.
With so many key advantages, the Windy City will keep attracting insurance companies from across the nation and around the world. I expect Chicago’s already impressive roster of major insurers to expand further in the future.
For both insurance providers and professionals, Chicago offers an ideal environment. Insurance companies find tremendous resources for success in the city while workers enjoy high-paying career opportunities. It’s a win-win for the insurance industry in Chicago now and for years to come.
Best insurance companies in Chicago, IL
| Rank | Company | Zippia Score |
|---|---|---|
| 1 | HUB International | |
| 2 | National Association of REALTORS | |
| 3 | Prime Insurance | |
| 4 | GoHealth | |
| 5 | CNA Insurance | |
| 6 | Ryan Specialty Group | |
| 7 | Old Republic International | |
| 8 | Allianz Global Corporate & Specialty | |
| 9 | Property Casualty Insurers Association Of America | |
| 10 | Kin | |
| 11 | Rising Medical Solutions | |
| 12 | Office of the Special Deputy | |
| 13 | Clearcover | |
| 14 | Allied Benefit Systems | |
| 15 | Insureon | |
| 16 | United Insurance Company of America | |
| 17 | AMA Insurance | |
| 18 | JMB Insurance | |
| 19 | WES HEALTH SYSTEM | |
| 20 | Fidelity Life |
Other national companies with offices in Chicago, IL
Munich Re America Corporation is a holding company. The company, through its subsidiaries, provides property and casualty reinsurance and insurance services. Before September 2006, the business was called American Re Corporation. That month, it changed its name to Munich Re America Corporation. The company was incorporated in 1991 and is based in Princeton, New Jersey. Munich Re America Corporation operates as a subsidiary of Munich-American Holding Corporation.
Selective is a super-regional property and casualty insurance provider with operations throughout the U. S. We also are the 6th largest writer of flood insurance from the federal National Flood Insurance Program.
Placing quality insurance coverage is just the beginning. Keeping your workplace safe and employees healthy is what drives long term value. Find out how with Assurance!.
Everest Reinsurance Company provides reinsurance to property and casualty insurers. Before 1996, the business was called Prudential Reinsurance Company. That year, it changed its name to Everest Reinsurance Company. Everest Reinsurance Company was founded in 1973 and is based in Liberty Corner, New Jersey. Everest Reinsurance Company operates as a subsidiary of Everest Reinsurance Holdings Inc.
- Learn More About Everest Reinsurance Company:
- Everest Reinsurance Company Overview
AXA is a French multinational insurance company with its main office in the 8th arrondissement of Paris. It offers insurance, investment management, and other financial services around the world.
Great colleagues and challenging work environement.
Argo Group, also known as Argo Group International Holdings, Ltd., is an international company based in Bermuda that writes specialty property and casualty insurance policies.
AmTrust Financial Services, Inc. offers workers’ compensation, general liability, business owners policies, cyber liability, EPLI, and more. It is a multinational property and casualty insurance company based in New York City.
Combined Insurance is an insurance provider that offers products in North America, Europe and Asia Pacific. They’re proud to offer supplemental insurance plans that are well-written and simple to understand, so you know you’re getting the right coverage.
The biggest specialty insurance company in the world is AmWINS. It sells property, casualty, and professional lines insurance for things like public entities and construction risks. Their salespeople are strategically placed across the United States to provide retail agents with new and creative excess.
Flexibility and the company culture. They truly value their employees
The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U. S. insurance for depositors of at least $250,000 per insured bank; finding, monitoring, and dealing with risks to the deposit insurance funds; and limiting the damage to the economy and financial system when a bank or thrift institution fails. A chairman, vice chairman, and FDIC directors make up the FDIC Board of Directors. The Comptroller of the Currency and the head of the Consumer Financial Protection Bureau are also on the board. The FDIC publishes their budget, strategic plans, and financial reports on an annual or quarterly basis. The company’s annual reports can be found on the Annual Reports page, which has all of them from 1996 to the present. The FDIC has an office for international affairs that handles technical assistance programs, foreign visitor and secondment programs, foreign examiner training programs, and international leadership development programs. FDIC subject matter experts also speak at international conferences, symposia, and seminars as keynote speakers, panelists, and facilitators. The FDIC was created in 1933 because of the large number of bank failures in the 1920s and early 1930s.
Work with very smart people, great facilities, good pay and great benefits.
RLI is a specialty insurance company that serves niche or underserved markets by providing a wide range of property and casualty coverages as well as surety bonds. Our steady, long-term growth in shareholder value comes from profitable underwriting, good investment returns, and smart capital management. RLI has more than 850 employees in 50 locations across the United States. At RLI, our talent distinguishes us and that makes us different. We hire smart people, like the best underwriters in the business, and then let them grow our business in a way that makes money. Our niche, market-driven products exceed customer expectations; satisfying demands where other insurance companies do not compete. In the future, we want to keep our attention on creating and overseeing a collection of cutting-edge goods and services that meet and go beyond what shareholders expect.
Markel Corporation (NYSE – MKL) is a holding company based in Richmond, Virginia. Markel is listed on the NYSE and trades under the ticker symbol “MKL. ” Founded in 1930, Markel underwrites customized insurance products. Markel Wholesale, Global Insurance, Markel Specialty, Global Reinsurance, and Markel International (which includes Syndicate 3000, Markel International Insurance Company Limited, and Markel Resseguradora do Brasil S.A.) are the insurance segments. A. ). Another important part of our business is Markel Ventures, a subsidiary that invests strategically in businesses that aren’t in the insurance business.
In 1921, State Automobile Mutual Insurance Company was founded. Bob Pein set out to fix the unfair parts of the insurance business with three workers and a rented room in downtown Columbus, Ohio. State Auto has always believed that the independent agency system was the best way to meet the needs of its policyholders. Even now, as neighbors from their hometowns, local independent agents still give better, faster, and more personalized service than their competitors.
Zurich Insurance Group Ltd is a Swiss insurance company, headquartered in Zürich, and the countrys largest insurer.
Approach towards work is excellent. There will be a constant support from the team to think out of the box.
Transatlantic Holdings Inc. Its subsidiaries offer reinsurance for a variety of property and casualty products to insurers and reinsurers on both a treaty and free-choice basis. Certain types of insurance that the company sells are liability insurance, like directors and officers liability, errors and omissions liability, and general casualty; casualty insurance, like medical malpractice, ocean marine and aviation, auto liability, accident and health, and surety and credit insurance; and property insurance, like fire, allied lines, auto physical damage, and homeowners multiple peril lines. Transatlantic Holdings, Inc. as an reinsurance company in all fifty U.S. states, the District of Columbia, Puerto Rico, Guam, Bermuda, Canada, seven locations in Europe, three locations in Central and South America, two locations in Asia, and one location each in Japan, Australia, and Africa. It offers its services directly, as well as through brokers. The company was formerly known as PREINCO Holdings, Inc. and changed its name to Transatlantic Holdings, Inc. in April 1990. The company was founded in 1986 and is headquartered in New York, New York. As of March 6, 2012, Transatlantic Holdings Inc. operates as a subsidiary of Alleghany Corporation.
Hays Companies is one of the nations leading property casualty, employee benefits and private client consultants. They have more than 700 employees working in 30 offices across the country and in 500 cities around the world. Jim Hays and his partners started Hays in 1994 with the idea that creative ideas and good customer service go hand in hand.
My Team, On-boarding, Mentorship Program, Benefits
Marsh Coworkers in more than 100 countries help clients find, plan for, and deal with important business issues and risks through our market-leading brands.
Collaboration; Work-Life Balance; Autonomy; Culture; Challenge.
Guy Carpenter & Company, LLC operates as a reinsurance intermediary. Insurance products that the company sells include those for accident and health, agriculture, general casualty, investment banking, life and annuity, marine and energy, professional liability, program manager solutions, property, retrocessional, structured risk, surety, terror risk, and workers’ compensation. It also provides client services, such as accounts, claims, contract wordings, and settlement. The company has been around since 1923 and is based in New York, New York. It also has offices in other countries. Guy Carpenter & Company, LLC operates as a subsidiary of Marsh & Mclennan Companies, Inc.
Great American Insurance Group was founded in 1872 in Cincinnati, Ohio. Its main business is property and casualty insurance and annuities, with a focus on providing businesses and individuals with specialized commercial products. It also provides risk management and surety insurance products to lenders, banks, construction contractors, and vehicle leasers. For nearly 150 years, numerous clients have trusted Great American Insurance Group to protect them.
United Fire Group sells through more than 1,000 independent agencies in 43 states and the District of Columbia. In 36 states, more than 900 independent life agencies work for United Fire Group as a life insurer. They have offices in California, Colorado, Iowa (home office), Louisiana, New Jersey, Pennsylvania, and Texas, where they employ more than 900 people.
The 10 BEST Companies To Work For In Chicago Illinois – Living In Chicago Illinois
FAQ
Where are the most insurance companies headquartered?
What insurance company is based in Bloomington IL?
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How do I find a good insurance company in Chicago?
View the highest rated Insurance companies hiring near you in Chicago, IL, then check out their Glassdoor profile to read employee reviews and find information on benefits, salaries, and job openings. Employee reviews on Glassdoor are anonymous to help ensure you get a candid look at what a company is like before you apply.
Which insurance companies are hiring near Chicago IL?
Top-rated Insurance companies hiring near Chicago, IL include Aon with an employee rating of 3.9 out of Read More Aon is in the Business of Better Decisions Our world is changing. Uncertainty has become the new constant in a world that is increasingly volatile and where new business models are rising and falling at an ever-increasing speed.
Who owns CNA Insurance?
CNA is the seventh largest commercial insurer in the United States as of 2018. CNA provides property and casualty insurance products and services for businesses and professionals in the U.S., Canada, Europe and Asia. CNA itself is 90% owned by a holding company, Loews Corporation.
Who is Combined Insurance?
About Combined Insurance Combined Insurance Company of America (Chicago, IL) is a leading provider of individual and group supplemental accident, disability, health and life insurance products and a Chubb company. We are committed to making the world of supplemental insurance easy to understand.