Best's Review

AM BEST'S MONTHLY INSURANCE MAGAZINE



Best's Rankings
Top 50 Global Reinsurers — 2022 Edition

Reinsurers were ranked by unaffiliated gross premiums written in 2021.
  • November 2022

Best’s Ranking “Top 50 Global Reinsurers – 2022 Edition,” published in the September edition of Best’s Review, was incorrect. The correct information appears in the list below.

 

(USD Millions)1

Rank Company Name Reinsurance Premiums Written Total
Shareholders’
Funds2
Ratios3
Life & Non-Life Non-Life Only
Gross Net Gross Net Loss Expense Combined
1 Munich Reinsurance Company 46,836 44,417 32,610 31,482 35,047 68.7 30.9 99.6
2 Swiss Re Ltd. 39,202 36,965 23,131 22,381 23,678 67.4 29.7 97.1
3 Hannover Rück SE4 31,443 27,344 21,773 18,827 14,447 69.3 28.7 98.0
4 Canada Life Re 23,547 23,514 N/A N/A 23,854 N/A N/A N/A
5 SCOR S.E. 19,933 16,242 9,319 7,939 7,251 72.0 28.6 100.6
6 Berkshire Hathaway Inc. 19,906 19,906 14,285 14,285 514,930 71.9 23.3 95.1
7 Lloyd's5, 6 19,343 14,263 19,343 14,263 48,242 65.8 29.4 95.2
8 China Reinsurance (Group) Corporation 17,808 16,181 6,956 6,608 16,104 66.6 28.4 95.1
9 Reinsurance Group of America Inc. 13,348 12,513 N/A N/A 13,014 N/A N/A N/A
10 Everest Re Group Ltd. 9,067 8,536 9,067 8,536 10,139 71.6 26.5 98.1
11 PartnerRe Ltd. 8,204 7,134 6,557 5,511 7,544 64.6 25.9 90.5
12 RenaissanceRe Holdings Ltd. 7,834 5,939 7,834 5,939 7,078 74.6 27.5 102.1
13 Korean Reinsurance Company 7,145 5,102 6,043 4,078 2,126 86.4 14.2 100.6
14 Transatlantic Holdings, Inc 6,034 5,387 6,034 5,387 5,398 69.2 30.2 99.5
15 General Insurance Corporation of India7 5,821 5,172 5,630 4,987 7,938 88.8 19.3 108.1
16 AXA XL 5,480 4,313 5,480 4,313 13,139 72.6 31.2 103.8
17 Arch Capital Group Ltd. 5,094 3,254 5,094 3,254 13,546 67.8 26.4 94.2
18 MS&AD Insurance Group Holdings, Inc.7, 8, 11 4,393 N/A 4,393 N/A 14,668 N/A N/A 97.7
19 Pacific LifeCorp 4,098 3,620 N/A N/A 17,005 N/A N/A N/A
20 Sompo International Holdings, Ltd. 3,855 3,417 3,855 3,417 7,433 63.5 29.5 93.1
21 MAPFRE RE, Compañía de Reaseguros S.A.10 3,719 3,165 3,080 2,534 2,035 69.3 28.7 98.1
22 Assicurazioni Generali SpA 3,670 3,670 1,242 1,242 36,101 83.5 27.9 111.4
23 R+V Versicherung AG9 3,421 3,421 3,421 3,421 2,435 76.0 26.3 102.2
24 Validus Reinsurance, Ltd. 3,171 2,452 3,171 2,452 3,548 72.4 28.6 101.0
25 The Toa Reinsurance Company, Limited7, 8 2,988 2,453 2,127 1,690 2,614 77.6 32.5 110.2
26 Liberty Mutual12 2,945 N/A 2,945 N/A 27,848 62.0 33.2 95.2
27 Odyssey Group Holdings, Inc. 2,842 2,709 2,842 2,709 5,220 75.1 24.9 100.0
28 AXIS Capital Holdings Limited 2,823 2,032 2,823 2,032 5,411 73.2 26.5 99.7
29 Taiping Reinsurance Co. Ltd8 2,339 2,051 1,447 1,229 1,507 71.0 32.9 103.9
30 Peak Reinsurance Company Ltd 2,145 1,794 1,899 1,591 1,470 75.8 26.2 102.1
31 Caisse Centrale de Réassurance 2,144 1,964 1,968 1,792 3,191 50.0 16.8 66.9
32 Qianhai Reinsurance Co., Ltd. 1,994 1,154 410 350 521 75.5 25.1 100.5
33 QBE Insurance Group Limited 1,662 1,482 1,662 1,482 8,882 66.6 6.1 72.8
34 Aspen Insurance Holdings Limited 1,597 1,199 1,597 1,199 2,775 63.0 30.6 93.6
35 Deutsche Rückversicherung AG 1,577 1,042 1,475 1,000 351 76.3 29.2 105.5
36 IRB - Brasil Resseguros S.A. 1,552 984 1,552 984 644 101.5 30.5 132.0
37 American Agricultural Insurance Company 1,485 466 1,485 466 671 80.4 17.3 97.7
38 Tokio Marine & Nichido Fire Insurance Co., Ltd.7, 11 1,483 1,178 1,483 1,178 17,148 N/A N/A 100.9
39 SiriusPoint Ltd. 1,350 1,125 1,350 1,125 2,503 82.6 33.7 116.2
40 Fidelis 1,289 573 1,289 573 2,078 84.0 27.6 111.6
41 Markel Corporation 1,246 1,126 1,246 1,126 14,695 73.9 31.4 105.3
42 W.R. Berkley Corporation11 1,228 1,119 1,228 1,119 6,653 61.0 29.7 90.7
43 Lancashire 1,225 816 1,225 816 1,413 67.6 41.3 108.9
44 Allied World Assurance Company Holdings, AG 1,201 1,106 1,201 1,106 4,792 75.4 25.7 101.1
45 Chubb Limited 996 873 996 873 59,714 79.2 29.4 108.6
46 African Reinsurance Corporation 845 666 783 612 1,001 56.8 36.7 93.5
47 Hiscox Ltd 808 274 808 274 2,539 40.8 29.7 70.6
48 Somers Re Ltd. 783 705 783 705 943 80.6 23.7 104.3
49 DEVK Re 759 699 754 694 14,447 76.3 28.4 104.7
50 Central Reinsurance Corporation 755 702 645 595 698 67.9 27.6 95.5

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 for reinsurance only. Premiums for certain groups in the rankings also may include Lloyd’s Syndicate premiums when applicable.

6 Shareholders’ funds includes Lloyd’s members’ assets and Lloyd’s central reserves.

7 Fiscal year ended March 31, 2022.

8 Net asset value used for shareholders’ funds.

9 Ratios are as reported and calculated on a gross basis.

10 Premium data excludes intergroup reinsurance.

11 Ratios are based on the group’s operations.

12 Ratios are based on Liberty Mutual Insurance Europe SE financial statements.

N/A = Information not applicable or not available at time of publication.

Source: AM Best data and research



There’s So Much to Cover—Don’t Miss the Latest

Get more news stories like this delivered to your inbox by signing up for our article spotlights.

Subscribe

Back to Home