Best's Review

AM BEST'S MONTHLY INSURANCE MAGAZINE



Best's Rankings
Largest Caribbean Insurers — 2022 Edition

Insurers were ranked by 2020 gross premiums written.
  • October 2022

(US$ Thousands)

Rank Company/Group AMB# Country of Domicile Gross
Premiums
Written
Capital &
Surplus
1 Manufacturers Life Reins Ltd 073838 Barbados $11,160,131 $802,208
2 IAT Reins Co Ltd 057453 Cayman Islands 2,044,114 1,163,043
3 RGA Atlantic Reins Co, Ltd. 090222 Barbados 1,937,772 1,441,213
4 Royal Bank of Canada Ins Co Ltd. 086956 Cayman Islands 1,844,704 1,362,803
5 T D Reins (Barbados) Inc 056952 Barbados 1,539,690 183,413
6 NCB Finl Group Ltd 044531 Jamaica 965,342 1,429,463
7 Greenlight Capital Re, Ltd. 055430 Cayman Islands 479,791 464,857
8 Knight Ins Co Ltd. 072139 Cayman Islands 472,603 786,084
9 Scotia Ins (Barbados) Ltd 057051 Barbados 468,612 169,060
10 Best Meridian Intl Ins Co SPC 086911 Cayman Islands 420,103 75,521
11 Lincoln Natl Reins Co (Barbados) Ltd 057025 Barbados 392,000 2,558,000
12 BMO Reinsurance Ltd 056229 Barbados 387,953 129,273
13 Barents Re Reins Co, Inc. 091083 Cayman Islands 386,270 515,845
14 London Life & Cas Reins Corp 086037 Barbados 366,946 532,032
15 Energy Ins Mutual Ltd 085496 Barbados 325,463 1,188,719
16 Raffles Ins Ltd 055019 Cayman Islands 320,042 473,222
17 Sagicor Life Jamaica Ltd 086086 Jamaica 319,344 399,550
18 Seguros Universal, S.A. 087832 Dominican Republic 303,471 93,665
19 Ocean Intl Reins Co Ltd 093077 Barbados 230,933 110,749
20 Humano Seguros S.A. 071369 Dominican Republic 208,270 66,725
21 CG United Ins Ltd. 086916 Barbados 198,112 75,479
22 Seguros Reservas S.A. 092870 Dominican Republic 179,958 97,031
23 Inreco Intl Reins Co 075491 Cayman Islands 167,784 296,816
24 Accelerant Hldgs 045356 Cayman Islands 164,900 82,000
25 Bahamas First Hldgs Ltd 087007 Bahamas 160,568 64,521
26 Mapfre BHD Compania de Seguros SA 084257 Dominican Republic 145,324 70,193
27 Island Heritage Ins Co, Ltd. 086644 Cayman Islands 142,028 54,987
28 Wentworth Ins Co Ltd 086298 Barbados 135,748 267,310
29 Fortegra Indemnity Ins Co LTD 075015 Turks and Caicos 128,812 44,105
30 Colina Ins Ltd 089077 Bahamas 124,089 155,489

Sources: BestLink logo and AM Best research data as of Aug. 31, 2022.



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