World's largest reinsurers in 2021 - Top 100
Figures in billion
| Rank | Company | Country | Currency | Turnover | 2020-2021 evolution (1) | |||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| local currency | USD | local currency | USD | |||||
| 1 | Munich Re | Germany | EUR | 41.354 | 46.829 | 37.321 | 45.839 | 2.16% |
| 2 | Swiss Re | Switzerland | USD | 39.317 | 39.317 | 36.579 | 36.579 | 7.49% |
| 3 | Hannover Re | Germany | EUR | 27.762 | 31.438 | 24.77 | 30.418 | 3.33% |
| 4 | Canada Life Re | Canada | CAD | 31.178 | 24.394 | 19.652 | 15.373 | 36.98% |
| 5 | Berkshire Hathaway | United States | USD | 20.579 | 20.579 | 19.761 | 19.761 | 4.14% |
| 6 | SCOR | France | EUR | 17.6 | 19.93 | 16.368 | 20.104 | -0.87% |
| 7 | Lloyd's | United Kingdom | GBP | 14.337 | 19.34 | 12.159 | 16.509 | 17.15% |
| 8 | China Re | China | CNY | 121.328 | 19.036 | 115.53 | 17.7 | 7.55% |
| 9 | Reinsurance Group of America | United States | USD | 13.381 | 13.381 | 12.641 | 12.641 | 5.85% |
| 10 | Everest Re Group | Bermuda | USD | 9.067 | 9.067 | 7.282 | 7.282 | 24.51% |
| 11 | PartnerRe | Bermuda | USD | 8.204 | 8.204 | 6.876 | 6.876 | 19.31% |
| 12 | Renaissance Re | Bermuda | USD | 7.834 | 7.834 | 5.806 | 5.806 | 34.93% |
| 13 | Korean Re | South Korea | KRW | 8 488.70 | 7.385 | 8 447.10 | 7.088 | 4.02% |
| 14 | MAPFRE RE | Spain | EUR | 6.275 | 7.106 | 5.687 | 6.985 | 1.73% |
| 15 | Allianz SE Reinsurance | Germany | EUR | 5.395 | 6.109 | 6.837 | 8.397 | -27.25% |
| 16 | TransRe | United States | USD | 6.034 | 6.034 | 5.237 | 5.237 | 15.22% |
| 17 | GIC India * | India | INR | 5.700 | 5.7 | 6.428 | 6.428 | -11.32% |
| 18 | Arch Capital | Bermuda | USD | 5.094 | 5.094 | 3.472 | 3.472 | 46.72% |
| 19 | MS&AD Ins. Group * | Japan | USD | 4.393 | 4.393 | 3.922 | 3.922 | 12.01% |
| 20 | AXA XL Re | Bermuda | USD | 4.297 | 4.297 | - | - | - |
| 21 | Pacific Life Corp | United States | USD | 4.098 | 4.098 | 2.283 | 2.283 | 79.50% |
| 22 | R+V Versicherung AG | Germany | EUR | 3.537 | 4.005 | 3.576 | 4.392 | -8.81% |
| 23 | Sompo International | Bermuda | USD | 3.855 | 3.855 | - | - | - |
| 24 | Generali | Italy | EUR | 3.214 | 3.64 | 2.335 | 2.868 | 26.92% |
| 25 | Liberty Mutual | United States | USD | 3.491 | 3.491 | 3.479 | 3.479 | 0.35% |
| 26 | Validus Re | Bermuda | USD | 3.171 | 3.171 | 2.409 | 2.409 | 31.63% |
| 27 | Odyssey Re | United States | USD | 2.842 | 2.842 | 2.214 | 2.214 | 28.36% |
| 28 | Ascot Group | Bermuda | USD | 2.836 | 2.836 | 1.819 | 1.819 | 55.91% |
| 29 | Axis Capital | Bermuda | USD | 2.823 | 2.823 | 2.809 | 2.809 | 0.50% |
| 30 | The Toa Re * | Japan | USD | 2.819 | 2.533 | 3.104 | 2.620 | -3.32% |
| 31 | Taiping Re | Hong Kong | HKD | 18.238 | 2.338 | 16.267 | 2.098 | 11.44% |
| 32 | Endurance Assurance | United States | USD | 2.15 | 2.15 | 1.895 | 1.895 | 13.46% |
| 33 | Peak Rei | Hong Kong | USD | 2.145 | 2.145 | 1.966 | 1.966 | 9.10% |
| 34 | Caisse Centrale de Réassurance | France | EUR | 1.893 | 2.144 | 1.865 | 2.291 | -6.42% |
| 35 | Qianhai Re | China | CNY | 12.7 | 1.993 | 10.267 | 1.573 | 26.70% |
| 36 | QBE Insurance Group | Australia | USD | 1.662 | 1.662 | 1.419 | 1.419 | 17.12% |
| 37 | Aspen Insurance | Bermuda | USD | 1.597 | 1.597 | 1.656 | 1.656 | -3.56% |
| 38 | Deutsche Rückversicherung | Germany | EUR | 1.393 | 1.577 | 1.213 | 1.49 | 5.84% |
| 39 | IRB - Brasil Resseguros | Brazil | BRL | 8.757 | 1.551 | 9.593 | 1.844 | -15.89% |
| 40 | American Agricultural Ins. | United States | USD | 1.485 | 1.485 | 1.291 | 1.291 | 15.03% |
| 41 | Tokio Millennium Re | Japan | USD | 1.483 | 1.483 | 1.372 | 1.372 | 8.09% |
| 42 | SiriusPoint | Bermuda | USD | 1.35 | 1.35 | 0.534 | 0.534 | 152.81% |
| 43 | Somers Re | Bermuda | USD | 1.275 | 1.275 | 0.729 | 0.729 | 74.90% |
| 44 | Markel Cor. | United States | USD | 1.246 | 1.246 | 1.131 | 1.131 | 10.17% |
| 45 | W.R. Berkley Cor. | United States | USD | 1.228 | 1.228 | 1.01 | 1.01 | 21.58% |
| 46 | Lancashire | Bermuda | USD | 1.225 | 1.225 | 0.814 | 0.814 | 50.49% |
| 47 | Allied World Assurance | Bermuda | USD | 1.201 | 1.201 | 0.956 | 0.956 | 25.63% |
| 48 | Starr Insurance & Reinsurance | Bermuda | USD | 1.149 | 1.149 | 1.074 | 1.074 | 6.98% |
| 49 | Fidelis | Bermuda | USD | 1.084 | 1.084 | 0.66 | 0.66 | 64.24% |
| 50 | PICC Re. Co | China | CNY | 6.811 | 1.069 | 5.191 | 0.795 | 34.47% |
| 51 | Chubb Tempest Re | Bermuda | USD | 0.996 | 0.996 | 0.832 | 0.832 | 19.71% |
| 52 | Brit Limited | United Kingdom | USD | 0.975 | 0.975 | 0.796 | 0.796 | 22.49% |
| 53 | Hamilton Re | Bermuda | USD | 0.961 | 0.961 | 0.648 | 0.648 | 48.30% |
| 54 | Convex Re | Bermuda | USD | 0.931 | 0.931 | 0.481 | 0.481 | 93.56% |
| 55 | African Re | Nigeria | USD | 0.845 | 0.845 | 0.805 | 0.805 | 4.97% |
| 56 | DEVK Re | Germany | EUR | 0.728 | 0.824 | 0.655 | 0.804 | 2.49% |
| 57 | Hiscox | Bermuda | USD | 0.808 | 0.808 | 0.743 | 0.743 | 8.75% |
| 58 | DaVinci Re | Bermuda | USD | 0.757 | 0.757 | 0.578 | 0.578 | 30.97% |
| 59 | Qatar Re | Bermuda | USD | 0.756 | 0.756 | 0.603 | 0.603 | 25.37% |
| 60 | Central Reinsurance Corp. | Taiwan | TWD | 20.9 | 0.754 | 18.632 | 0.663 | 13.73% |
| 61 | VIG Re | Czech Republic | EUR | 0.661 | 0.749 | 0.579 | 0.711 | 5.34% |
| 62 | Argo Group International | Bermuda | USD | 0.734 | 0.734 | 0.718 | 0.718 | 2.23% |
| 63 | Nacional de Reaseguros | Spain | EUR | 0.633 | 0.717 | 0.609 | 0.748 | -4.14% |
| 64 | American International Re Co. | Bermuda | USD | 0.573 | 0.573 | 0.458 | 0.458 | 25.11% |
| 65 | International General Ins.. IGI | Jordan | USD | 0.546 | 0.546 | 0.467 | 0.467 | 16.92% |
| 66 | Premia Re | Bermuda | USD | 0.485 | 0.485 | 0.091 | 0.091 | 432.97% |
| 67 | ABR Reinsurance | Bermuda | USD | 0.464 | 0.464 | 0.35 | 0.35 | 32.57% |
| 68 | Indonesia Re | Indonesia | IDR | 6 353.20 | 0.445 | 6 537.55 | 0.458 | -2.84% |
| 69 | Conduit Re | Bermuda | USD | 0.379 | 0.379 | - | - | - |
| 70 | Wilton Re U.S. Holdings | United States | USD | 0.359 | 0.359 | 0.388 | 0.388 | -7.47% |
| 71 | Dorinco Re | United States | USD | 0.34 | 0.34 | 0.305 | 0.305 | 11.48% |
| 72 | Malaysian Re (2) | Malaysia | MYR | 1.412 | 0.34 | 1.219 | 0.281 | 21.00% |
| 73 | Fairfax Barbados. Group Re (3) | Barbados | USD | 0.333 | 0.333 | 0.257 | 0.257 | 29.57% |
| 74 | Canopius Re | Bermuda | USD | 0.321 | 0.321 | 0.356 | 0.356 | -9.83% |
| 75 | Saudi Re | Saudi Arabia | SAR | 1.116 | 0.297 | 0.935 | 0.249 | 19.28% |
| 76 | Harrington Re | Bermuda | USD | 0.286 | 0.286 | 0.261 | 0.261 | 9.58% |
| 77 | Compagnie Centrale de Réassurance | Algeria | DZD | 39.635 | 0.284 | 33.624 | 0.254 | 11.81% |
| 78 | Société Centrale de Réassurance | Morocco | USD | 0.282 | 0.282 | 0.296 | 0.296 | -4.73% |
| 79 | Fortitude Re Company | Bermuda | USD | 0.28 | 0.28 | 0.295 | 0.295 | -5.08% |
| 80 | Echo Rück | Switzerland | CHF | 0.242 | 0.264 | 0.227 | 0.257 | 2.72% |
| 81 | Milli Re | Turkey | TRY | 2.843 | 0.248 | 1.82 | 0.247 | 0.40% |
| 82 | Kuwait Re | Kuwait | KWD | 0.072 | 0.237 | 0.057 | 0.187 | 26.74% |
| 83 | Triglav Re | Slovenia | EUR | 0.202 | 0.229 | 0.181 | 0.222 | 3.15% |
| 84 | Sava Re | Slovenia | EUR | 0.19 | 0.215 | 0.192 | 0.236 | -8.90% |
| 85 | ZEP (ZEP-RE) | Kenya | USD | 0.213 | 0.213 | 0.208 | 0.208 | 0.024% |
| 86 | Signal Iduna Rück | Switzerland | EUR | 0.183 | 0.207 | 0.179 | 0.22 | -0.059% |
| 87 | EMC Re | United States | USD | 0.204 | 0.204 | 0.196 | 0.196 | 0.041% |
| 88 | Kenya Re | Kenya | KES | 20.355 | 0.179 | 18.535 | 0.169 | 0.059% |
| 89 | Labuan Re | Malaysia | USD | 0.176 | 0.176 | 0.167 | 0.167 | 0.054% |
| 90 | Continental Re | Nigeria | NGN | 70.385 | 0.171 | 53.637 | 0.14 | 0.221% |
| 91 | Hannover Retakaful | Bahrain | BHD | 0.065 | 0.171 | 0.078 | 0.206 | -0.17% |
| 92 | Austral Re | Brazil | BRL | 0.949 | 0.168 | 0.787 | 0.151 | 0.113% |
| 93 | Active Re | Barbados | USD | 0.165 | 0.165 | 0.146 | 0.146 | 0.13% |
| 94 | CICA Re | Togo | FCFA | 95 | 0.164 | 84.492 | 0.158 | 0.038% |
| 95 | Turk Re | Turkey | TRY | 1.82 | 0.159 | 1.032 | 0.14 | 0.136% |
| 96 | Tugu Reasuransi Indonesia | Indonesia | IDR | 2262.428 | 0.158 | 2808.076 | 0.197 | -0.198% |
| 97 | WAICA Re | Sierra Leone | USD | 0.153 | 0.153 | 0.103 | 0.103 | 0.485% |
| 98 | Shelter Re | United States | USD | 0.144 | 0.144 | 0.137 | 0.137 | 0.051% |
| 99 | Thai Reinsurance Public Company | Thailand | THB | 4.407 | 0.132 | 4.329 | 0.144 | -0.083% |
| 100 | Greenlight Capital Re | United Kingdom | USD | 0.125 | 0.125 | 0.118 | 0.118 | 0.059% |
*Fiscal year to 31/03
(1) Evolution in USD
(2) Earned premiums
(3) Net premiums
Sources: Company reports, Atlas Magazine and AM Best
Read also | Global insurance market
