GLOBAL REINSURERS BY COUNTRY Global Reinsurers By Country
To bring you the 2014 edition of Global Reinsurance Highlights, Standard & Poor’s Ratings Services sought data on around 150 reinsurance organizations from over 40 countries. As in previous years, the data is based on survey responses from reinsurance organizations worldwide.
To ensure consistency, we requested that respondents complied with clear guidance on the definition of the financial items required. In addition, Standard & Poor’s attempted to verify the veracity of the data submitted with reference to publicly available data sources, insofar as this was possible.
Rating As Of August 19, 2014 Company
AUSTRALIA AA- AA- AA- AA+ AA+ A+
BAHRAIN NR A+
BERMUDA A+ A
BBB+ A+ A A
AA 78
Swiss Re Life & Health Australia Ltd. Munich Reinsurance Co. of Australasia Ltd. Hannover Life Re of Australasia Ltd. General Reinsurance Life Australia Ltd. General Reinsurance Australia Ltd. SCOR Global Life Australia Pty Ltd Total:
Trust International Insurance & Reinsurance Co. B.S.C. Hannover Re Takaful BSC Total:
Everest Reinsurance (Bermuda) Ltd. Allied World Assurance Co. Ltd. Maiden Re
Arch Reinsurance Ltd.
Endurance Specialty Insurance Ltd Validus Reinsurance Ltd.
ACE Tempest Reinsurance Ltd.
Our ongoing aim in producing this data is to provide market participants with an indication of the ongoing reinsurance capacity available in each market. Hence, we try to exclude intragroup reinsurances as far as possible. Companies that have not been able to exclude intragroup reinsurance are highlighted in the footnotes on pages 94 and 95.
One of the challenges has been to separate reinsurance from primary insurance business, especially when the reinsurance operation is a division within a company and not a distinct operation. While, generally speaking, all the premium
data relates to a company’s reinsurance premiums written, in some cases the other metrics will also include primary business. These cases can be identified through the footnotes to the tables, although if we believe the metrics provided by the company are not representative of the company’s reinsurance operations, we have marked the metric as NA (not applicable). For companies that report in currencies other than the U.S. dollar, we have converted the reported data at year-end exchange rates. Standard & Poor’s has endeavored to collect the data underlying each group or entity’s combined ratio in order to calculate
Net Reinsurance Premiums Written (Mil. $)
Footnotes 2013 1
694.2 457.3 344.3 195.3 69.8 12.6
1,773.5 2
251.0 127.4 378.3
3 4
2,633.1 2,120.5 2,096.3 1,198.6 1,116.4 1,028.3 991.1
2012 Change (%)
631.8 432.2 357.5 222.4 67.5 4.7
1,716.1
223.5 123.5 347.0
2,152.7 1,837.8 1,901.3 1,036.9 1,087.1 1,009.0 1,025.0
9.9 5.8 -3.7
-12.2 3.4
166.0 3.3
12.3 3.2 9.0
22.3 15.4 10.3 15.6 2.7 1.9
-3.3 Global Reinsurance Highlights 2014
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100