Discover the top 10 aircraft insurance companies in the US ranked by market share. See which providers meet industry best practices and are trusted by brokers
It’s not the flashiest line of business, but aircraft insurance is one of the most technically demanding. It’s also closely watched by brokers who know how quickly costs can climb when something goes wrong in the air. With high-value assets, complex risks, and strict regulatory standards, aviation insurance requires serious underwriting power.
The coverage may be niche, but the financial footprint is significant. How big is the aviation insurance market? $1.87 billion written in 2024, with nearly all of it earned. Losses and operating expenses reached over $1.18 billion, showing just how tight the margins can be.
What follows are the top aircraft insurance companies in the US, based on market share data taken from our IB Data Hub platform. You can see this data for yourself, and much more, in this data resource with options to filter by state, year, and other lines of business.
Founded in 1919 as American Asiatic Underwriters in Shanghai, AIG has grown into a global powerhouse in property-casualty insurance, operating in around 190 countries with over $26.7 billion in annual premium volume.
AIG’s global 24/7 claims hotline ensures fast, expert intervention on losses, reinforcing broker credibility when clients need it most.
Aircraft insurance offerings:
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Global hull & liability: Comprehensive programs for airlines, general aviation (GA), freighters, FBOs; limits up to $2.5 billion
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UAS/drone coverage: Payload insurance, cyber liability, electronic interruption, and malfunction protection
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War-risk and sabotage insurance: Full-spectrum protections with immediate claim-step support
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Multinational program solutions: Captive fronting, locally compliant master programs, and one-platform management via myAIG
In a 2024 news report, AIG was named lead insurer for the Japan Airlines jet involved in the Haneda airport collision.
2. Chubb Ltd. Group
Market share: 12 percent Z
Direct premiums written: $224 million
With origins as the Chubb Corp. in 1882 and strengthened with the ACE acquisition in 2016, Chubb is now a global leader in P&C lines. It’s revered for strong financial ratings and a powerful Lloyd’s presence.
Aircraft insurance offerings:
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Airline, GA & OEM programs: Broad hull and operational coverage, tailored product liability, and hangar exposure
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Specialist coverage: War-risk endorsements, coverage for point-to-point exotic aircraft, turbine/glider programs via MGAs like Catalyst
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In-house aviation claims: Technical expertise with seasoned adjusters, feeling the difference in corporate and fleet-level incidents
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Broker portal: Streamlined quoting, submissions, and documentation with minimal friction
Chubb’s dedicated aviation underwriters simplify placement with customized program structuring, while in-house adjusters provide technical claim support.
3. Sompo Group
Market share: 11 percent
Direct premiums written: $211 million
A top-tier Japanese insurer with global reach, Sompo operates international aviation underwriting out of its Sompo International and W. Brown & Associates units. By combining Japanese discipline with North American flexibility, Sompo brings a blend of underwriting precision and responsiveness that appeals to brokers managing cross-border exposures.
Aircraft insurance offerings: