Insurance Business America (IBA) has officially revealed the winners of its 2025 5-Star Wholesale Brokers and MGAs awards, celebrating the firms that stood out in a rapidly growing sector of the insurance industry.
As retail brokers increasingly seek specialized expertise and expanded market access, wholesale brokers and MGAs continue to play a vital role in helping them place complex and niche risks. According to IBA’s annual survey, 33% of retail brokers now conduct at least half of their business through wholesalers or MGAs — up from 23.35% in 2024.
Why These Firms Were Chosen
To determine the top performers, IBA surveyed retail insurance professionals across the U.S. Participants rated their wholesale partners on a scale of 1 (poor) to 5 (excellent) across 10 key criteria:
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Ability to place niche or emerging risks
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Compensation structures
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Geographic capabilities
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Marketing support
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Responsiveness
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Pricing competitiveness
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Breadth of product offerings
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Industry reputation
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Technical knowledge
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Use of technology and automation
Firms that received an average score of 4.0 or higher in any category earned a 5-Star designation. Those scoring 4.0 or higher across all ten categories were recognized as All-Star partners.
Brokers also named their top three wholesale partners across 20 major lines of insurance, earning those firms gold, silver, and bronze rankings. MGAs were further evaluated for a “Brokers’ Pick” honor, based on the popularity of their offerings.
2025 5-Star Wholesale Brokers and MGAs
IBA’s 2025 list includes the following standout firms:
Each of these organizations has demonstrated consistent excellence, responsiveness, and innovation—helping retail brokers succeed in an increasingly complex insurance marketplace.
To view the full list and detailed profiles of the winners, visit the Insurance Business America website.
