Revealed – the top 40 global reinsurers

Revealed – the top 40 global reinsurers

Revealed – the top 40 global reinsurers | Insurance Business America

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Revealed – the top 40 global reinsurers

Top firm received the only positive outlook

Insurance News

By
Kenneth Araullo



S&P Global Ratings has revealed the top 40 global reinsurers in the market as of 2023, through the latest edition of its Global Reinsurance Highlights report.

Germany-based Munich Re nabbed the top spot, with a rating of AA- and the only positive outlook across all the 40 ranked. The company recorded $48.747 trillion in net reinsurance premiums written as of 2022 and a pretax operating income of $1.623 trillion. Its overall results for Q2 2023 also revealed that the group is well on its way to achieving its annual target.

Coming in second is Swiss Re, which followed closely at $43.917 trillion in net reinsurance premiums written and a pretax operating income of $654 million. Hannover Rueck SE, another German firm, took third place with $31.969 trillion in net reinsurance premiums written and $2.027 trillion in pretax operating income.

Rounding out the top five are Berkshire Hathaway Insurance Group and SCOR, recording $22.147 trillion and $17.046 trillion in net reinsurance premiums written, respectively.

China Reinsurance Group took sixth place and is notable as the only Asian reinsurer that cracked the top 10. Lloyd’s snagged seventh place, followed by the Reinsurance Group of America at eighth, and Everest Group at ninth. Finally, Partner Re took the last spot in the top 10, although it is worth noting that it has not listed its pretax operating income for 2022.

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The top global reinsurers

The rest of the top global reinsurers and their respective net reinsurance premiums written are as follows:




Reinsurer



Country



Net reinsurance premiums written







11. RenaissanceRe



Bermuda



$7.196 trillion





12. Fairfax Financial



Canada



$6.079 trillion





13. Korean Reinsurance



Korea



$5.832 trillion





14. MS&AD Insurance Group



Japan



$5.721 trillion





15. Sompo



Japan



$5.162 trillion





16. Arch Capital Group



Bermuda



$4.924 trillion





17. Mapfre Re



Spain



$4.386 trillion





18. General Insurance Corp. of India



India



$4.077 trillion





19. R+V Versicherung AG



Germany



$3.582 trillion





20. Ascot Group



Bermuda



$2.599 trillion





21. Tokio Marine & Nichido Fire Insurance



Japan



$2.586 trillion





22. Toa Re Group



Japan



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$2.431 trillion





23. Taiping Reinsurance



Hong Kong



$2.439 trillion





24. Caisse Centrale de Reassurance



France



$2.006 trillion





25. Allianz SE



Germany



$1.890 trillion





26. AXIS Capital Holdings



Bermuda



$1.885 trillion





27. Peak Reinsurance



Hong Kong



$1.758 trillion





28. Associated Electric & Gas Ins. Services



Bermuda



$1.681 trillion





29. QBE Insurance Group



Australia



$1.580 trillion





30. Aspen Insurance



Bermuda



$1.426 trillion





31. Convex Insurance Group



UK



$1.339 trillion





32. SiriusPoint



Bermuda



$1.199 trillion





33. Markel Group



US



$1.167 trillion





34. PICC Reinsurance



China



$1.138 trillion





35. Deutsche Rueckversicherung AG



Germany



$1.107 trillion





36. Chubb Tempest Reinsurance



Bermuda



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$1.022 trillion





37. W.R. Berkley Corp.



US



$1.007 trillion





38. African Reinsurance Corp.



Nigeria



$772 million





39. DEVK Rueckversicherungs-und Beteiligungs-AG



Germany



$702 million





40. Lancashire Holdings



Bermuda



$628 million




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