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Top 50 Global Reinsurance Groups

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 2020 (USD $m’s)¹. You can sort the table by any of the headings and search it to analyse individual reinsurance companies.

RankingReinsurance Company NameGross Life & Non-Life Reinsurance Premiums WrittenNet Life & Non-Life Reinsurance Premiums WrittenGross Non-Life Only Reinsurance Premiums WrittenNet Non-Life Only Reinsurance Premiums WrittenShareholders Funds (2)Loss Ratios (3)Expense Ratios (3)Combined Ratios (3)
1Munich Reinsurance Company$45,846$43,096$30,237$29,011$36,84574.7%30.9%105.6%
2Swiss Re Ltd.$36,579$34,293$21,512$20,636$27,25878.7%30.3%109%
3Hannover Rück S.E.4 4$30,421$26,232$20,568$17,449$14,54372.8%29.1%101.9%
4SCOR S.E.$20,106$17,910$8,795$7,695$7,58870.2%30.1%100.2%
5Berkshire Hathaway Inc.$19,195$19,195$13,333$13,333$451,33680.8%25.4%106.2%
6China Reinsurance (Group) Corporation$16,665$15,453$6,422$6,020$15,77268%33.8%101.8%
7Lloyd's 5, 6$16,511$12,213$16,511$12,213$45,01073.7%33.9%107.6%
8Canada Life Re$14,552$14,497N/AN/A$21,137N/AN/AN/A
9Reinsurance Group of America Inc.$12,583$11,694N/AN/A$14,352N/AN/AN/A
10Korean Reinsurance Company$7,777$5,432$6,427$4,229$2,26184.6%14.9%99.6%
11Everest Re Group Ltd.$7,282$6,768$7,282$6,768$9,72676.3%26.7%103%
12PartnerRe Ltd.$6,876$6,301$5,377$4,826$7,32779.5%26.5%106%
13General Insurance Corporation of India 7$6,481$5,773$6,310$5,608$7,28991.7%21.4%113.1%
14RenaissanceRe Holdings Ltd.$5,806$4,096$5,806$4,096$7,56074%27.9%101.9%
15AXA XL$5,326$4,201$5,326$4,201$13,23880.5%30.5%111%
16Transatlantic Holdings, Inc.$5,237$4,845$5,237$4,845$5,37772.9%30.7%103.6%
17Arch Capital Group Ltd. 11$4,201$2,995$4,201$2,995$13,92976%35.8%111.8%
18MS&AD Insurance Group Holdings, Inc. 7, 8$3,922N/A$3,922N/A$15,007N/AN/A101.7% 2
19Assicurazioni Generali SpA$3,831$3,831$1,122$1,122$39,05680.8%29.4%110.2%
20R+V Versicherung AG 9$3,785$3,785$3,785$3,785$2,64183.1%24.5%107.6%
21MAPFRE RE, Compania de Reaseguros S.A. 10$3,600$3,003$3,004$2,416$2,17569.1%29.3%98.4%
22Sompo International Holdings, Ltd.$3,580$3,088$3,580$3,088$7,38667.2%29.5%96.7%
23The Toa Reinsurance Company, Limited 7, 8$3,104$2,579$2,226$1,801$2,79272.4%35%107.4%
24Axis Capital Holdings Limited$2,809$1,979$2,809$1,979$5,29676.4%27.4%103.8%
25Validus Reinsurance, Ltd.$2,409$1,823$2,409$1,823$3,439 77.4%27.8%105.2%
26Caisse Centrale de Reassurance$2,292$2,107 $2,155$1,975$6,49394.4%15.5%109.9%
27Pacific LifeCorp$2,283$1,771N/AN/A$17,452N/AN/AN/A
28Odyssey Re Holdings Corp.$2,214$2,123$2,214$2,123$4,77466.9%28.7%95.6%
29Taiping Reinsurance Co. Ltd. 8$2,098$1,765$1,327$1,089$1,55770.7%33.2%103.9%
30Peak Reinsurance Company Ltd.$1,966$1,517$1,867$1,420$1,48771%26.5%97.4%
31IRB - Brasil Resseguros S.A.$1,846$1,034$1,846$1,034$819102.3%29.7%132%
32SiriusPoint Ltd. 13$1,828$1,241$1,826$1,238$2,43780.7%32.6%113.3%
33Aspen Insurance Holdings Limited$1,661$1,302$1,661$1,302$2,99874.2%27.6%101.8%
34Qianhai Reinsurance Co., Ltd.$1,574$1,020$386$324$47575.6%23.1%98.7%
35Deutsche Rueckversicherung AG$1,490$958$1,391$915$37666.5%34.1%100.5%
36QBE Insurance Group Limited$1,417$1,245$1,417$1,245$8,49283.9%25.2%109.1%
37Tokio Millennium Re AG 7$1,372$1,083$1,372$1,083$17,374N/AN/A103.7%
38American Agricultural Insurance Company 12$1,291$420$1,291$420$63983.6%17.5%101.2%
39Markel Corporation$1,131$960$1,131$960$12,81569.8%33.9%103.7%
40Allied World Assurance Company Holdings, AG$956$873$956$873$4,37769.1%26.5%95.6%
41Fidelis$855$411$855$411$2,03455.7%32.6%88.3%
42Chubb Limited$832$731$832$731$59,44162.3%30.2%92.5%
43Lancashire$814$519$814$519$1,53959.6%50.8%110.4%
44W.R. Berkley Corporation 14$810N/A$810N/A$631 N/AN/A95.3%
45African Reinsurance Corporation$805$651$744$600$1,01762.4%37.6%100.1%
46Nacional de Reaseguros, S.A.$747$590$608$452$49766.8%30.7%97.6%
47Hiscox Ltd.$743$193$743$193$2,354102%33.1%135.2%
48DEVK Re$703$654$695$646$1,56571.8%28%99.8%
49Central Reinsurance Corporation$655$608$549$504$57671.7%26.5%98.2%
50Qatar Reinsurance Company, Limited$652$547$652$547$750106.3%34.2%140.5%

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, 2020.
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. Based on Arch Capital Group Ltd. consolidated financial statements and includes Watford Re segment.
12. Data and ratios based on US Statutory Filing.
13. Figures represent the combined pro-forma 2020 position of SiriusPoint taking into account the merger between Third Point Reinsurance Ltd. and Sirius.
14. Effective December 5, 2019, Asia Capital Re ceased writing new business.
(N/A) – Information not applicable or not available at time of publication.

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.

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