Best's Rankings
Top 50 World’s Largest Reinsurance Groups – 2021 Edition
Ranked by unaffiliated gross premiums written in 2020.
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(US$ millions)1
|
|
Reinsurance Premiums Written |
Total
Share-holders
Funds2 |
Ratios3 |
|
|
Life & Non-Life |
Non-Life Only |
| Ranking |
Company Name |
Gross |
Net |
Gross |
Net |
Loss |
Expense |
Combined |
| 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 |
109.0 |
| 3 |
Hannover Rück SE4 |
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 |
68.0 |
33.8 |
101.8 |
| 7 |
Lloyd's5, 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 |
103.0 |
| 12 |
PartnerRe Ltd. |
6,876 |
6,301 |
5,377 |
4,826 |
7,327 |
79.5 |
26.5 |
106.0 |
| 13 |
General Insurance Corporation of India7 |
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 |
74.0 |
27.9 |
101.9 |
| 15 |
AXA XL |
5,326 |
4,201 |
5,326 |
4,201 |
13,238 |
80.5 |
30.5 |
111.0 |
| 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 |
76.0 |
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 |
101.712 |
| 19 |
Assicurazioni Generali SpA |
3,831 |
3,831 |
1,122 |
1,122 |
39,056 |
80.8 |
29.4 |
110.2 |
| 20 |
R+V Versicherung AG9 |
3,785 |
3,785 |
3,785 |
3,785 |
2,641 |
83.1 |
24.5 |
107.6 |
| 21 |
MAPFRE RE, Compañía 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, Limited7, 8 |
3,104 |
2,579 |
2,226 |
1,801 |
2,792 |
72.4 |
35.0 |
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 Réassurance |
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 Group Holdings, Inc. |
2,214 |
2,123 |
2,214 |
2,123 |
4,774 |
66.9 |
28.7 |
95.6 |
| 29 |
Taiping Reinsurance Co. Ltd8 |
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 |
71.0 |
26.5 |
97.4 |
| 31 |
IRB - Brasil Resseguros S.A. |
1,846 |
1,034 |
1,846 |
1,034 |
819 |
102.3 |
29.7 |
132.0 |
| 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 Rückversicherung 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 Marine & Nichido Fire Insurance Co., Ltd.7, 14 |
1,372 |
1,083 |
1,372 |
1,083 |
17,374 |
N/A |
N/A |
103.7 |
| 38 |
American Agricultural Insurance Company12 |
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 Corporation14 |
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 |
102.0 |
33.1 |
135.2 |
| 48 |
DEVK Re |
703 |
654 |
695 |
646 |
1,565 |
71.8 |
28.0 |
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 |
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 also 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 ended March 31, 2021.
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 International Insurance Group, Ltd. in February 2021.
14 Ratios are based on the group’s operations.
N/A = Information not applicable or not available at time of publication.
Source: AM Best data and research
