Leavitt Group

Last updated
Leavitt Group
Company type Private
Industry Insurance
Founded1952;72 years ago (1952)
Founder Dixie Leavitt
Headquarters,
United States
Number of locations
200+ (2023) [1] [2]
Area served
United States
Key people
Subsidiaries
  • Allegiance Premium Finance Co., LLC
  • PacWest Captive Insurance Company
[2]
Website leavitt.com
Footnotes /references
[2]

Leavitt Group (formerly The Leavitt Group) is an American insurance company that consists of a number of affiliated independent insurance agencies, with over 200 locations across the United States. [1]

Contents

History

The Leavitt Group was founded in 1952 when Dixie Leavitt opened an insurance agency in the town of Cedar City, Utah. [1] [3] [4]

By 2010s it was among the largest retail property and casualty insurance brokerage firms in the United States. In 2009, The Leavitt Group was reported to be the 15th largest privately held property and casualty brokerage firms. [5] In 2014 (based on 2013 total revenue), Insurance Journal ranked the Leavitt Group as the 10th largest, with $116 million property and casualty insurance revenue. [6]

In 2022, the company was ranked the 17th largest, with $262 million property and casualty insurance revenue and $121 other revenue. [7]

Related Research Articles

<span class="mw-page-title-main">Aon (company)</span> Professional services firm

Aon plc is a global professional services firm that offers a range of risk-mitigation products. Aon has approximately 50,000 employees across 120 countries.

<span class="mw-page-title-main">Truist Financial</span> Banking company in the U.S.

Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of August 2023, it is the 9th largest bank with $514 billion in assets.

<span class="mw-page-title-main">American Family Insurance</span> American private mutual company

American Family Insurance, also abbreviated as AmFam, is an American private mutual company that focuses on property, casualty, and auto insurance, and also offers commercial insurance, life, health, and homeowners coverage as well as investment and retirement-planning products. It is a Fortune 500 company and its revenues were over $9.5 billion in 2017.

<span class="mw-page-title-main">The Travelers Companies</span> American insurance company

The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City, and its largest office in Hartford, Connecticut. It has been a component of the Dow Jones Industrial Average since June 8, 2009.

<span class="mw-page-title-main">Ameriprise Financial</span> American financial services company

Ameriprise Financial, Inc. is an American diversified financial services company and bank holding company based in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning.

<span class="mw-page-title-main">Erie Insurance Group</span> American insurance company

Erie Insurance Group, based in Erie, Pennsylvania, is a property and casualty insurance company offering auto, home, business and life insurance through a network of independent insurance agents. As of 2021, Erie Insurance Group is ranked 347th on the 2021 Fortune 500 list of largest American corporations, based on total revenue for the 2020 fiscal year.

Arthur J. Gallagher & Co. (AJG) is an American global insurance brokerage and risk management services firm headquartered in Rolling Meadows, Illinois. The firm was established in 1927 and is one of the largest insurance brokers in the world.

<span class="mw-page-title-main">CBRE Group</span> US commercial real estate services and investment company

CBRE Group, Inc. is an American commercial real estate services and investment firm. It is the world's largest commercial real estate services and investment firm.

<span class="mw-page-title-main">Marsh McLennan</span> Global professional services firm

Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Its four main operating companies are Marsh, Guy Carpenter, Mercer, and Oliver Wyman.

HomeServices of America is the United States' largest residential real estate services company, based on closed transactions. The company provides real estate brokerage services, mortgage loan origination, franchising, title insurance/escrow and closing services, home warranties, property insurance, casualty insurance, and relocation services.

Brown & Brown, Inc. is an insurance brokerage firm, specialising in risk management. Headquartered in Daytona Beach, Florida, Brown & Brown has 450+ locations worldwide.

Dixie L. Leavitt is an American entrepreneur and state legislator who served as a Republican member of the Utah State House of Representatives and Senate from 1963 to 1976, and from 1989 to 1992 from Utah's 24th house district and 11th and 29th senate districts. He is the founder of the Leavitt Group, one of the largest independent insurance brokerages in the nation, and is the father of former Utah governor Mike Leavitt.

Higginbotham is an independent insurance brokerage firm founded in 1948 that provides businesses and individuals with insurance, financial services, risk management and employee benefit services.

<span class="mw-page-title-main">Total Quality Logistics</span> American Freight Brokerage & Third-Party Logistics Firm

Total Quality Logistics (TQL) is a North American freight brokerage and third-party logistics firm. It was founded in 1997 by Ken Oaks in Cincinnati, and is headquartered in nearby Union Township, Clermont County, Ohio, United States. As of 2021, TQL is the largest private company in greater Cincinnati according to the Cincinnati Enquirer and American City Business Journals.

<span class="mw-page-title-main">Willis Towers Watson</span> Global insurance company

Willis Towers Watson plc, branded as WTW and stylised in its logo as wtw, is a British-American multinational company that provides commercial insurance brokerage services, strategic risk management services, employee benefits and compensation management, and actuarial analysis and investment management for pension plans and financial endowments. Insurance brokerage and risk management services account for 40% of the company's revenues, while employee benefit and wealth-related services account for 60% of revenues. The company operates in more than 140 countries. Customers include 95% of FTSE 100 companies, 89% of Fortune 1000 companies, and 91% of Fortune Global 500 companies. The company is the largest administrator among the 200 largest pension plans in the U.K. and one of the largest in Germany. The company is domiciled in Ireland, with its principal executive offices at the Willis Building in London.

<span class="mw-page-title-main">Insureon</span> American marketplace for small business insurance

Insureon is an independent marketplace for online delivery of small business insurance. Headquartered in Chicago, Insureon is the largest digital agency for small and medium-sized businesses, offering policies from the nation’s top carriers, including Acuity, Chubb, The Hartford, Hiscox, Liberty Mutual, and Travelers.

<span class="mw-page-title-main">Confie</span> American private insurance company

Confie is an American private insurance company that provides auto insurance, home insurance, life insurance, commercial insurance, and related products. Confie is the ninth largest independent property and casualty insurance agency in the United States as of 2020. Freeway Insurance, InsureOne Insurance and Bluefire Insurance are their better known brands.

<span class="mw-page-title-main">Acrisure</span> American insurance broker

Acrisure is a financial technology and insurance company headquartered in Grand Rapids, Michigan. The company was initially created to acquire insurance companies in the Midwestern United States and has since expanded nationally. In 2022, Business Insurance recognized Acrisure as the 6th largest insurance broker in the world.

<span class="mw-page-title-main">Risk Strategies</span> US insurance brokerage and risk management advisor

Risk Strategies is a private insurance brokerage and risk management advisor. The firm was founded 1997 in Boston, Massachusetts, by its current chairman, Mike Christian, as a specialty risk management consultancy. In 2015, private equity insurance sector investor Kelso & Company acquired Kohlberg & Company's majority stake in Risk Strategies. In 2022 it was ranked the 25th fastest-growing private company in Massachusetts.

<span class="mw-page-title-main">One80 Intermediaries</span>

One80 Intermediaries is a specialty insurance brokerage firm with offices in the US and Canada. The firm was founded in 2019 in Boston, Massachusetts.

References

  1. 1 2 3 "About Leavitt Group History". Leavitt Group. Retrieved March 6, 2023.
  2. 1 2 3 "Leavitt Group recognized as a Utah business 2022 best company to work for/" . Retrieved March 29, 2023.
  3. "Elite Agencies - Leavitt Group Enterprises". Insurance Business. Retrieved May 19, 2024.
  4. "Dixie And Anne Leavitt Receive Modern-Day Pioneer Award". Iron County Today. July 29, 2020.
  5. "Top 100 Profile: A Quiet Giant in The Leavitt Group". Insurance Journal. May 25, 2009. Retrieved March 11, 2021.
  6. "Top 100 Property/Casualty Agencies 2014" . Retrieved March 6, 2023.
  7. "Top 100 Property/Casualty Agencies 2022" . Retrieved March 6, 2023.