TOP 40 GLOBAL REINSURANCE GROUPS Top 40 Global Reinsurance Groups Ranked By Net Reinsurance Premiums Written
Net Reinsurance Premium Written (Mil. $)
Ranking Company 1
2 3 4 5 6 7 8 9
10 11
12 13 14 15 16 17 18 19
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Country
Munich Reinsurance Co. Swiss Reinsurance Co.
Hannover Rueckversicherung AG Berkshire Hathaway Re SCOR SE Lloyd's
Reinsurance Group of America, Inc. China Reinsurance (Group) Corp PartnerRe Ltd.
Everest Reinsurance Co. MS&AD Holdings
Korean Reinsurance Co. Transatlantic Holdings Inc. NKSJ Holdings Mapfre Re
Tokio Marine Group General Ins. Corp. of India
Allied World Assurance Co. Holdings Ltd. AXIS Capital Holdings Ltd. Maiden Re
R+V Versicherung AG XL Re Ltd
Toa Re Co. Ltd. Catlin Group Ltd.
Caisse Centrale de Reassurance Odyssey Re
QBE Insurance Group Ltd. Arch Capital Group Ltd. Amlin Group
Validus Holdings Ltd
ACE Tempest Reinsurance Ltd. Endurance Specialty Holdings Ltd. Aspen Insurance Holdings Ltd. RenaissanceRe Holdings Ltd. Deutsche Rueckversicherung AG Sirius Group
IRB-Brasil Resseguros S.A. Berkley (W.R.) Corp.
Montpelier Re Holdings Ltd. African Reinsurance Corp. Total:
NA = Not Available NM = Not Meaningful
1
2 3 4
The combined ratio includes primary business. 2012 financial year Pretax Operating Income, Return on Revenue and Adjusted Shareholders’ Funds differ from GRH 2013 due to restatement.
Adjusted Shareholders’ Funds are for the group as a whole, including both its primary and reinsurance operations. 2012 Adjusted Shareholders’ Funds differ from GRH 2013 due to restatement.
Net Premium Written, pretax operating income and the combined ratio relate to reinsurance business only; all other items include direct business. The data presented is based on the published pro forma accounts for the Market, which represents an aggregation of all syndicates participating at Lloyd’s. As such, some premium included for Lloyd’s may also be included by other groups that consolidate their Lloyd’s operations.
76
5 6
7 8 Germany
Switzerland Germany U.S.
France U.K. U.S.
China
Bermuda Bermuda Japan Korea U.S.
Japan Spain Japan India
Bermuda Bermuda Bermuda Germany Bermuda Japan
Bermuda France U.S.
Australia Bermuda U.K.
Bermuda Bermuda Bermuda Bermuda Bermuda Germany Bermuda Brazil U.S.
Bermuda Nigeria
14 2 1
2 3 4
2
5 6 7 2
8 9
2
10 11
12 2
13 Footnote 2013 15
36,757.5 30,478.0 17,101.0 14,368.0 12,570.6 11,329.2 8,254.0 7,196.3 5,396.5 5,004.8 3,655.5 3,574.7 3,248.0 3,036.7 2,958.3 2,757.9 2,211.0 2,120.5 2,114.7 2,096.3 2,045.9 2,045.3 1,951.9 1,697.8 1,668.1 1,633.9 1,575.0 1,402.6 1,379.8 1,278.3 1,274.7 1,116.4 1,082.0 1,001.6 893.5 876.6 799.4 749.6 603.1 569.1
201,874.4 2012
35,797.2 25,344.0 16,346.0 16,145.0 11,285.6 11,372.7 7,906.6 6,184.5 4,573.0 4,081.1 3,446.3 3,390.2 2,840.7 2,717.4 2,445.3 2,626.5 2,533.6 1,837.8 1,815.2 1,901.3 1,972.2 2,208.9 1,821.3 1,643.6 1,719.0 1,760.2 1,675.0 1,226.9 1,278.5 1,471.4 1,339.4 1,087.1 1,156.9 967.6 819.3 947.7 792.1 664.2 615.7 586.4
190,343.3
Net Reinsurance Premium written is the sum of the four major companies in the group without consolidation adjustment.
2012 Pretax Operating Income and Return on Revenue differ from GRH 2013 due to accounting change. 2013 results are from Jan 1, 2013 to Dec 31, 2013 as Korean (re) insurance industry changed its financial year from March 31 to December 31.
Transatlantic Holdings, Inc. is a wholly-owned subsidiary of Alleghany Corporation. 2012 figures represent only the period from Mar 6, 2012 to Dec 31, 2012 following the acquisition of Transatlantic Holdings, Inc. by Alleghany Corporation.
Figures reresent Tokio Marine & Nichido Fire Insurance Co and exclude the group’s other reinsurance subsidiaries.
Global Reinsurance Highlights 2014
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