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.
