Top 50 Global Reinsurance Groups

This Top 50 Global Reinsurance Groups directory is based on research data from rating agency A.M. Best.

Listing the top reinsurers in the world, this directory provides a simple way to analyse the world’s top reinsurance companies.

The global reinsurance groups featured are ranked by unaffiliated gross reinsurance premiums written in 2021 (USD $m’s)¹. You can sort the table by any of the headings and search it to analyse individual reinsurance companies.

Ranking	Reinsurance Company Name	Gross Life & Non-Life Reinsurance Premiums Written	Net Life & Non-Life Reinsurance Premiums Written	Gross Non-Life Only Reinsurance Premiums Written	Net Non-Life Only Reinsurance Premiums Written	Shareholders Funds (2)	Loss Ratios (3)	Expense Ratios (3)	Combined Ratios (3)
1	Munich Reinsurance Company	$46,836	$44,417	$32,610	$31,482	$35,047	68.7%	30.9%	99.6%
2	Swiss Re Ltd.	$39,202	$36,965	$23,131	$22,381	$23,678	67.4%	29.7%	97.1%
3	Hannover Rück S.E. 4	$31,443	$27,344	$21,773	$18,827	$14,447	69.3%	28.7%	98.0%
4	Canada Life Re	$23,547	$23,514	N/A	N/A	$23,854	N/A	N/A	N/A
5	SCOR S.E.	$19,933	$16,242	$9,319	$7,939	$7,251	72.0%	28.6%	100.6%
6	Berkshire Hathaway Inc.	$19,906	$19,906	$14,285	$14,285	$514,930	71.9%	23.3%	95.1%
7	Lloyd's 5, 6	$19,343	$14,263	$19,343	$14,263	$48,242	65.8%	29.4%	95.2%
8	China Reinsurance (Group) Corporation	$17,808	$16,181	$6,956	$6,608	$16,104	66.6%	28.4%	95.1%
9	Reinsurance Group of America Inc.	$13,348	$12,513	N/A	N/A	$13,014	N/A	N/A	N/A
10	Everest Re Group Ltd.	$9,067	$8,536	$9,067	$8,536	$10,139	71.6%	26.5%	98.1%
11	PartnerRe Ltd.	$8,204	$7,134	$6,557	$5,511	$7,544	64.6%	25.9%	90.5%
12	RenaissanceRe Holdings Ltd.	$7,834	$5,939	$7,834	$5,939	$7,078	74.6%	27.5%	102.1%
13	Korean Reinsurance Company	$7,145	$5,102	$6,043	$4,078	$2,126	86.4%	14.2%	100.6%
14	Transatlantic Holdings, Inc.	$6,034	$5,387	$6,034	$5,387	$5,398	69.2%	30.2%	99.5%
15	General Insurance Corporation of India 7	$5,821	$5,172	$5,630	$4,987	$7,938	88.8%	19.3%	108.1%
16	AXA XL	$5,480	$4,313	$5,480	$4,313	$13,139	72.6%	31.2%	103.8%
17	Arch Capital Group Ltd.	$5,094	$3,254	$5,094	$3,254	$13,546	67.8%	26.4%	94.2%
18	MS&AD Insurance Group Holdings, Inc. 7, 8, 12	$4,393	N/A	$4,393	N/A	$14,668	N/A	N/A	97.7%
19	Pacific LifeCorp	$4,098	$3,620	N/A	N/A	$17,005	N/A	N/A	N/A
20	Sompo International Holdings, Ltd.	$3,855	$3,417	$3,855	$3,417	$7,433	63.5%	29.5%	93.1%
21	MAPFRE RE, Compania de Reaseguros S.A. 10	$3,719	$3,165	$3,080	$2,534	$2,035	69.3%	28.7%	98.1%
22	Assicurazioni Generali SpA	$3,670	$3,670	$1,242	$1,242	$36,101	83.5%	27.9%	111.4%
23	R+V Versicherung AG 9	$3,421	$3,421	$3,421	$3,421	$2,435	76.0%	26.3%	102.2%
24	Validus Reinsurance, Ltd.	$3,171	$2,452	$3,171	$2,452	$3,548	72.4%	28.6%	101.0%
25	The Toa Reinsurance Company, Limited 7, 8	$2,988	$2,453	$2,127	$1,690	$2,614	77.6%	32.5%	110.2%
26	Liberty Mutual 13	$2,945	N/A	$2,945	N/A	$27,848	62.0%	33.2%	95.2%
27	Odyssey Re Holdings Corp.	$2,842	$2,709	$2,842	$2,709	$5,220	75.1%	24.9%	100.0%
28	Axis Capital Holdings Limited	$2,823	$2,032	$2,823	$2,032	$5,411	73.2%	26.5%	99.7%
29	Taiping Reinsurance Co. Ltd. 8	$2,339	$2,051	$1,447	$1,229	$1,507	71.0%	32.9%	103.9%
30	Peak Reinsurance Company Ltd.	$2,145	$1,794	$1,899	$1,591	$1,470	75.8%	26.2%	102.1%
31	Caisse Centrale de Reassurance	$2,144	$1,964	$1,968	$1,792	$3,191	50.0%	16.8%	66.9%
32	Qianhai Reinsurance Co., Ltd.	$1,994	$1,154	$410	$350	$521	75.5%	25.1%	100.5%
33	QBE Insurance Group Limited	$1,662	$1,482	$1,662	$1,482	$8,882	66.6%	6.1%	72.8%
34	Aspen Insurance Holdings Limited	$1,597	$1,199	$1,597	$1,199	$2,775	63.0%	30.6%	93.6%
35	Deutsche Rueckversicherung AG	$1,577	$1,042	$1,475	$1,000	$351	76.3%	29.2%	105.5%
36	IRB - Brasil Resseguros S.A.	$1,552	$984	$1,552	$984	$644	101.5%	30.5%	132.0%
37	Tokio Millennium Re AG 7, 12	$1,483	$1,178	$1,483	$1,178	$17,148	N/A	N/A	100.9%
38	SiriusPoint Ltd. 13	$1,350	$1,125	$1,350	$1,125	$2,503	82.6%	33.7%	116.2%
39	Fidelis	$1,289	$573	$1,289	$573	$2,078	84.0%	27.6%	111.6%
40	Markel Corporation	$1,246	$1,126	$1,246	$1,126	$14,695	73.9%	31.4%	105.3%
41	W.R. Berkley Corporation 12	$1,228	$1,119	$1,228	$1,119	$6,653	61.0%	29.7%	90.7%
42	Lancashire	$1,225	$816	$1,225	$816	$1,413	67.6%	41.3%	108.9%
43	Allied World Assurance Company Holdings, AG	$1,201	$1,106	$1,201	$1,106	$4,792	75.4%	25.7%	101.1%
44	American Agricultural Insurance Company 11	$927	$247	$927	$247	$672	82.6%	4.1%	86.7%
45	Chubb Limited	$873	$873	$873	$873	$59,714	79.2%	29.4%	108.6%
46	African Reinsurance Corporation	$845	$666	$783	$612	$1,001	56.8%	36.7%	93.5%
47	Hiscox Ltd.	$808	$274	$808	$274	$2,539	40.8%	29.7%	70.6%
48	Somers Re	$783	$705	$783	$705	$943	80.6%	23.7%	104.3%
49	DEVK Re	$759	$699	$754	$694	$14,447	76.3%	28.4%	104.7%
50	Central Reinsurance Corporation	$755	$702	$645	$595	$698	67.9%	27.6%	95.5%

Notes:

1. All non-USD currencies converted to USD using foreign exchange rate at company’s fiscal year-end.
2. As reported on Balance Sheet, unless otherwise noted.
3. Non-Life only.
4. Net premium written data not reported, net premium earned substituted.
5. Lloyd’s premiums are reinsurance only. Premiums for certain groups within the rankings may include Lloyd’s Syndicate premiums when applicable.
6. Total shareholders’ funds includes Lloyd’s members’ assets and Lloyd’s central reserves.
7. Fiscal year-end March 31, 2022.
8. Net asset value used for total shareholders’ funds.
9. Ratios are as reported and calculated on a gross basis.
10. Premium data excludes intergroup reinsurance.
11. Data and ratios based on US statutory filing.
12. Ratios are based on the group’s operations.
13. Ratios are based on Liberty Mutual Insurance Europe SE financial statements.
(N/A) – Information not applicable or not available at time of publication.

Source: © A.M. Best Company, Inc. — used by permission.

Note: In 2021, AM Best updated the data used in this table to only include reinsurance premiums, so excluded any direct insurance premiums written by these global reinsurers.