Insurance Business America (IBA) has released its annual Top Specialist Wholesale Brokers list for 2025, recognizing industry professionals who play a role in placing complex and hard-to-insure risks.
The list highlights brokers who have developed tailored coverage solutions and provided value to retail agents and their clients.
According to the Council of Insurance Agents & Brokers (CIAB), commercial insurance premiums rose 5.1% on average in Q3 2024, slightly down from the 5.2% recorded in the previous quarter.
Medium-sized accounts experienced the highest premium increase at 5.6%, while small accounts saw a 4.4% rise, likely due to competition among carriers.
Most lines of business saw lower rate increases than in Q2 2024, except for umbrella coverage, which continued to rise. Premiums for workers’ compensation, cyber, and directors and officers (D&O) liability declined, continuing trends observed in previous quarters.
IBA compiled its list based on industry nominations, with a focus on brokers’ ability to design industry-specific programs, manage specialized risks, and enhance financial outcomes for their clients.
Respondents cited several strategies that contributed to their success, including:
IBA’s Top Specialist Wholesale Brokers list is in its ninth year. Insurance professionals nationwide were invited to nominate brokers based on their expertise, specialization, and ability to secure competitive coverage for retail agents and clients.
The final list was determined by reviewing professional achievements and the brokers’ impact on the industry over the past 12 months.
The following brokers were among those recognized for 2025:
For more details and the full list, visit IBA’s Top Specialist Wholesale Brokers 2025 special report.
