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 2022 (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	$51,331	$48,550	$36,729	$35,290	$22,638	66.5%	29.7%	96.2%
2	Swiss Re Ltd.	$39,749	$37,302	$23,763	$22,826	$12,809	74.2%	28.2%	102.4%
3	Hannover Rück S.E. 4	$35,528	$29,672	$25,884	$21,637	$9,339	71.9%	27.9%	99.8%
4	Canada Life Re	$23,414	$23,414	N/A	N/A	$23,863	N/A	N/A	N/A
5	Berkshire Hathaway Inc. 5	$22,147	$22,147	$16,962	$16,962	$480,617	66.1%	20.3%	86.4%
6	SCOR S.E.	$21,068	$17,055	$10,695	$8,782	$5,481	84.1%	29.1%	113.2%
7	Lloyd's 6, 7	$18,533	$14,162	$18,533	$14,162	$47,766	63.6%	30.8%	94.4%
8	China Reinsurance (Group) Corporation	$16,865	$15,395	$7,688	$7,207	$13,675	68.2%	28.1%	96.4%
9	Reinsurance Group of America Inc.	$13,823	$13,052	N/A	N/A	$4,145	N/A	N/A	N/A
10	Everest Re Group Ltd.	$9,316	$8,983	$9,316	$8,983	$8,441	69.2%	27.1%	96.4%
11	RenaissanceRe Holdings Ltd.	$9,214	$7,196	$9,214	$7,196	$9,111	68.5%	29.1%	97.6%
12	PartnerRe Ltd.	$8,689	$7,544	$7,015	$5,899	$6,288	59%	27.6%	86.7%
13	Korean Reinsurance Company	$7,804	$5,797	$6,129	$4,195	$2,227	82.3%	15.9%	98.2%
14	Arch Capital Group Ltd.	$6,948	$4,924	$6,948	$4,924	$12,910	64.9%	27.3%	92.2%
15	MS&AD Insurance Group Holdings, Inc. 8, 9, 12	$5,153	N/A	$5,153	N/A	$13,503	N/A	N/A	98.7%
16	General Insurance Corporation of India 8	$4,519	$4,108	$4,332	$3,927	$8,211	90.3%	17.6%	107.9%
17	Sompo International Holdings, Ltd.	$4,119	$3,715	$4,119	$3,715	$8,461	60%	30.1%	90.1%
18	MAPFRE RE, Compania de Reaseguros S.A. 10	$3,849	$3,273	$3,201	$2,631	$2,020	70.4%	26.7%	97.1%
19	Assicurazioni Generali SpA	$3,822	$3,822	$1,372	$1,372	$19,365	70.8%	30.4%	101.2%
20	Odyssey Re Holdings Corp.	$3,721	$3,595	$3,721	$3,595	$5,302	69.7%	26%	95.7%
21	AXA XL	$3,385	$2,812	$3,385	$2,812	$9,334	74.2%	32.6%	106.8%
22	R+V Versicherung AG 11	$3,158	$3,158	$3,158	$3,158	$2,560	73.3%	25.5%	98.8%
23	Validus Reinsurance, Ltd.	$3,080	$2,529	$3,080	$2,529	$3,307	63.4%	31.3%	94.8%
24	Pacific LifeCorp	$2,995	$2,546	N/A	N/A	$6,728	N/A	N/A	N/A
25	The Toa Reinsurance Company, Limited 8, 9	$2,931	$2,397	$2,090	$1,661	$2,282	77.8%	30.8%	108.6%
26	Liberty Mutual 13	$2,921	$2,567	$2,921	$2,567	$22,208	75.4%	32.5%	107.8%
27	Axis Capital Holdings Limited	$2,629	$1,885	$2,629	$1,885	$4,640	71.9%	27.2%	99.1%
28	Peak Reinsurance Company Ltd.	$2,295	$1,758	$2,113	$1,587	$1,198	85.7%	20%	105.8%
29	Taiping Reinsurance Co. Ltd. 9	$2,276	$2,035	$1,763	$1,545	$1,417	64.5%	38.1%	102.6%
30	Caisse Centrale de Reassurance	$2,206	$2,007	$2,002	$1,813	$3,183	152%	11.8%	163.7%
31	Qianhai Reinsurance Co., Ltd.	$1,841	$740	$410	$319	$489	73.8%	26.5%	100.3%
32	Aspen Insurance Holdings Limited	$1,807	$1,426	$1,807	$1,426	$2,358	61.5%	31.5%	93.1%
33	QBE Insurance Group Limited	$1,784	$1,580	$1,784	$1,580	$8,992	53.3%	6.3%	59.6%
34	Tokio Marine & Nichoda Fire Insurance Co 8, 14	$1,656	$1,321	$1,656	$1,321	$16,317	N/A	N/A	95.8%
35	Deutsche Rueckversicherung AG	$1,610	$1,096	$1,517	$1,043	$340	65.4%	30.1%	95.5%
36	American Agricultural Insurance Company	$1,556	$479	$1,556	$479	$691	80%	16.6%	96.6%
37	SiriusPoint Ltd.	$1,521	$1,200	$1,521	$1,200	$2,083	70.6%	35%	105.5%
38	IRB - Brasil Resseguros S.A.	$1,493	$940	$1,284	$758	$771	103.6%	23.1%	126.6%
39	Allied World Assurance Company Holdings, AG	$1,492	$1,388	$1,492	$1,388	$4,595	76.9%	25.1%	102%
40	Convex Group Limited	$1,492	$1,139	$1,423	$1,139	$2,266	67.1%	17.9%	85%
41	Markel Corporation	$1,231	$1,168	$1,230	$1,167	$13,128	61.2%	30.9%	92.1%
42	Chubb Limited	$1,095	$943	$1,095	$943	$50,540	72.7%	29.9%	102.6%
43	W.R. Berkley Corporation 15	$1,081	$997	$1,081	$997	$6,748	61.3%	28.4%	89.7%
44	Core Specialty Insurance Holdings	$1,043	$777	$1,043	$777	$1,118	82.1%	15.9%	98%
45	Hiscox Ltd.	$1,038	$268	$1,038	$268	$2,417	54.8%	30.9%	85.6%
46	Somers Re	$1,019	$855	$1,019	$855	$772	71.3%	29.2%	100.5%
47	African Reinsurance Corporation	$952	$773	$861	$695	$990	59.4%	34.9%	94.3%
48	DEVK Re	$848	$759	$841	$752	$2,614	72.4%	27.1%	99.4%
49	Lancashire	$842	$629	$842	$629	$1,268	71%	26.4%	97.5%
50	Nacional de Reaseguros	$737	$610	$619	$493	$469	72.9%	31.2%	104.1%

Notes:

1. All non-USD currencies converted to USD using foreign exchange rate at company’s fiscal year-end.
2. As reported in the group’s annual statement.
3. Non-Life only.
4. Net premium written data not reported, net premium earned substituted.
5. Berkshire Hathaway completed its acquisition of Alleghany Corp. on October 19, 2022, and, per US GAAP accounting rules, incurs premiums and expenses only.
6. Lloyd’s premiums are for reinsurance only. Premiums for certain groups in the rankings also may include Lloyd’s Syndicate premiums when applicable.
7. Shareholders’ funds includes Lloyd’s members’ assets and Lloyd’s central reserves.
8. Fiscal year ended March 31, 2023.
9. Net asset value used for shareholders’ funds.
10. Premium data excludes intergroup reinsurance.
11. Ratios are as reported and calculated on a gross basis.
12. Ratios are based on the group’s operations.
13. Ratios are based on Liberty Mutual Insurance Europe SE financial statements.
14. Ratios are based on the group’s domestic business.
15. Ratios include monoline excess business in addition to reinsurance.
(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.