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.

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	$45,846	$43,096	$30,237	$29,011	$36,845	74.7%	30.9%	105.6%
2	Swiss Re Ltd.	$36,579	$34,293	$21,512	$20,636	$27,258	78.7%	30.3%	109%
3	Hannover Rück S.E.4 4	$30,421	$26,232	$20,568	$17,449	$14,543	72.8%	29.1%	101.9%
4	SCOR S.E.	$20,106	$17,910	$8,795	$7,695	$7,588	70.2%	30.1%	100.2%
5	Berkshire Hathaway Inc.	$19,195	$19,195	$13,333	$13,333	$451,336	80.8%	25.4%	106.2%
6	China Reinsurance (Group) Corporation	$16,665	$15,453	$6,422	$6,020	$15,772	68%	33.8%	101.8%
7	Lloyd's 5, 6	$16,511	$12,213	$16,511	$12,213	$45,010	73.7%	33.9%	107.6%
8	Canada Life Re	$14,552	$14,497	N/A	N/A	$21,137	N/A	N/A	N/A
9	Reinsurance Group of America Inc.	$12,583	$11,694	N/A	N/A	$14,352	N/A	N/A	N/A
10	Korean Reinsurance Company	$7,777	$5,432	$6,427	$4,229	$2,261	84.6%	14.9%	99.6%
11	Everest Re Group Ltd.	$7,282	$6,768	$7,282	$6,768	$9,726	76.3%	26.7%	103%
12	PartnerRe Ltd.	$6,876	$6,301	$5,377	$4,826	$7,327	79.5%	26.5%	106%
13	General Insurance Corporation of India 7	$6,481	$5,773	$6,310	$5,608	$7,289	91.7%	21.4%	113.1%
14	RenaissanceRe Holdings Ltd.	$5,806	$4,096	$5,806	$4,096	$7,560	74%	27.9%	101.9%
15	AXA XL	$5,326	$4,201	$5,326	$4,201	$13,238	80.5%	30.5%	111%
16	Transatlantic Holdings, Inc.	$5,237	$4,845	$5,237	$4,845	$5,377	72.9%	30.7%	103.6%
17	Arch Capital Group Ltd. 11	$4,201	$2,995	$4,201	$2,995	$13,929	76%	35.8%	111.8%
18	MS&AD Insurance Group Holdings, Inc. 7, 8	$3,922	N/A	$3,922	N/A	$15,007	N/A	N/A	101.7% 2
19	Assicurazioni Generali SpA	$3,831	$3,831	$1,122	$1,122	$39,056	80.8%	29.4%	110.2%
20	R+V Versicherung AG 9	$3,785	$3,785	$3,785	$3,785	$2,641	83.1%	24.5%	107.6%
21	MAPFRE RE, Compania de Reaseguros S.A. 10	$3,600	$3,003	$3,004	$2,416	$2,175	69.1%	29.3%	98.4%
22	Sompo International Holdings, Ltd.	$3,580	$3,088	$3,580	$3,088	$7,386	67.2%	29.5%	96.7%
23	The Toa Reinsurance Company, Limited 7, 8	$3,104	$2,579	$2,226	$1,801	$2,792	72.4%	35%	107.4%
24	Axis Capital Holdings Limited	$2,809	$1,979	$2,809	$1,979	$5,296	76.4%	27.4%	103.8%
25	Validus Reinsurance, Ltd.	$2,409	$1,823	$2,409	$1,823	$3,439	77.4%	27.8%	105.2%
26	Caisse Centrale de Reassurance	$2,292	$2,107	$2,155	$1,975	$6,493	94.4%	15.5%	109.9%
27	Pacific LifeCorp	$2,283	$1,771	N/A	N/A	$17,452	N/A	N/A	N/A
28	Odyssey Re Holdings Corp.	$2,214	$2,123	$2,214	$2,123	$4,774	66.9%	28.7%	95.6%
29	Taiping Reinsurance Co. Ltd. 8	$2,098	$1,765	$1,327	$1,089	$1,557	70.7%	33.2%	103.9%
30	Peak Reinsurance Company Ltd.	$1,966	$1,517	$1,867	$1,420	$1,487	71%	26.5%	97.4%
31	IRB - Brasil Resseguros S.A.	$1,846	$1,034	$1,846	$1,034	$819	102.3%	29.7%	132%
32	SiriusPoint Ltd. 13	$1,828	$1,241	$1,826	$1,238	$2,437	80.7%	32.6%	113.3%
33	Aspen Insurance Holdings Limited	$1,661	$1,302	$1,661	$1,302	$2,998	74.2%	27.6%	101.8%
34	Qianhai Reinsurance Co., Ltd.	$1,574	$1,020	$386	$324	$475	75.6%	23.1%	98.7%
35	Deutsche Rueckversicherung AG	$1,490	$958	$1,391	$915	$376	66.5%	34.1%	100.5%
36	QBE Insurance Group Limited	$1,417	$1,245	$1,417	$1,245	$8,492	83.9%	25.2%	109.1%
37	Tokio Millennium Re AG 7	$1,372	$1,083	$1,372	$1,083	$17,374	N/A	N/A	103.7%
38	American Agricultural Insurance Company 12	$1,291	$420	$1,291	$420	$639	83.6%	17.5%	101.2%
39	Markel Corporation	$1,131	$960	$1,131	$960	$12,815	69.8%	33.9%	103.7%
40	Allied World Assurance Company Holdings, AG	$956	$873	$956	$873	$4,377	69.1%	26.5%	95.6%
41	Fidelis	$855	$411	$855	$411	$2,034	55.7%	32.6%	88.3%
42	Chubb Limited	$832	$731	$832	$731	$59,441	62.3%	30.2%	92.5%
43	Lancashire	$814	$519	$814	$519	$1,539	59.6%	50.8%	110.4%
44	W.R. Berkley Corporation 14	$810	N/A	$810	N/A	$631	N/A	N/A	95.3%
45	African Reinsurance Corporation	$805	$651	$744	$600	$1,017	62.4%	37.6%	100.1%
46	Nacional de Reaseguros, S.A.	$747	$590	$608	$452	$497	66.8%	30.7%	97.6%
47	Hiscox Ltd.	$743	$193	$743	$193	$2,354	102%	33.1%	135.2%
48	DEVK Re	$703	$654	$695	$646	$1,565	71.8%	28%	99.8%
49	Central Reinsurance Corporation	$655	$608	$549	$504	$576	71.7%	26.5%	98.2%
50	Qatar Reinsurance Company, Limited	$652	$547	$652	$547	$750	106.3%	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.

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.