Magazine date:
Jul 2021 
Munich Re regains the top spot in the global reinsurance ranking in 2020, according to AM Best. The first position of the podium has been occupied for the past two years by its Swiss competitor Swiss Re.
At 45.846 billion USD. the German reinsurer's gross written life and non-life premiums have significantly increased by 21.1% in one year.
Other highlights: Lloyd's went from the 6th to the 7th position while China Re has gained two places and is now ranked sixth.
Top 50 reinsurers by gross written premiums 2020
In billions USD| Rank | Company | Country | Turnover 2020 | Shareholder's Equity | Ratios en % (1) | |||
|---|---|---|---|---|---|---|---|---|
| Total | Non-life | Life | Loss | Combined | ||||
| 1 | Munich Re | Germany | 45.846 | 30.237 | 15.609 | 36.845 | 74.7 | 105.6 |
| 2 | Swiss Re | Switzerland | 36.579 | 21.512 | 15.067 | 27.258 | 78.7 | 109 |
| 3 | Hannover Re | Germany | 30.421 | 20.568 | 9.853 | 14.543 | 72.8 | 101.9 |
| 4 | SCOR | France | 20.106 | 8.795 | 11.311 | 7.588 | 70.2 | 100.3 |
| 5 | Berkshire Hathaway | United-States | 19.195 | 13.333 | 5.862 | 451.336 | 80.8 | 106.2 |
| 6 | China Re | China | 16.665 | 6.422 | 10.243 | 15.772 | 68 | 101.8 |
| 7 | Lloyd's | United Kingdom | 16.511 | 16.511 | - | 45.01 | 73.7 | 107.6 |
| 8 | Canada Life Re | Canada | 14.552 | - | 14.552 | 21.137 | ND | ND |
| 9 | Reinsurance Group of America | United-States | 12.583 | - | 12.583 | 14.352 | ND | ND |
| 10 | Korean Re | South Korea | 7.777 | 6.427 | 1.35 | 2.261 | 84.6 | 99.5 |
| 11 | Everest Re Group | Bermuda | 7.282 | 7.282 | - | 9.726 | 76.3 | 103 |
| 12 | PartnerRe | Bermuda | 6.876 | 5.377 | 1.499 | 7.327 | 79.5 | 106 |
| 13 | General Insurance Corporation of India | India | 6.481 | 6.31 | 0.171 | 7.289 | 91.7 | 113.1 |
| 14 | Renaissance Re | Bermuda | 5.806 | 5.806 | - | 7.56 | 74 | 101.9 |
| 15 | AXA XL | Bermuda | 5.326 | 5.326 | - | 13.238 | 80.5 | 111 |
| 16 | TransRe | United-States | 5.237 | 5.237 | - | 5.377 | 72.9 | 103.6 |
| 17 | Arch Capital | Bermuda | 4.201 | 4.201 | - | 13.929 | 76 | 111.8 |
| 18 | MS&AD Insurance Group | Japan | 3.922 | 3.922 | - | 15.007 | ND | ND |
| 19 | Generali | Italy | 3.831 | 1.122 | 2.709 | 39.056 | 80.8 | 110.2 |
| 20 | R+V Versicherung AG | Germany | 3.785 | 3.785 | - | 2.641 | 83.1 | 107.6 |
| 21 | MAPFRE RE | Spain | 3.6 | 3.004 | 0.596 | 2.175 | 69.1 | 98.4 |
| 22 | Sompo International | Bermuda | 3.58 | 3.58 | - | 7.386 | 67.2 | 96.7 |
| 23 | The Toa Reinsurance | Japan | 3.104 | 2.226 | 0.878 | 2.792 | 72.4 | 107.4 |
| 24 | Axis Capital | Bermuda | 2.809 | 2.809 | - | 5.296 | 76.4 | 103.8 |
| 25 | Validus Re | Bermuda | 2.409 | 2.409 | - | 3.439 | 77.4 | 105.2 |
| 26 | Caisse Centrale de Réassurance | France | 2.292 | 2.155 | 0.137 | 6.493 | 94.4 | 109.9 |
| 27 | Pacific Life Corp | United-States | 2.283 | - | 2.283 | 17.452 | ND | ND |
| 28 | Odyssey Re | United-States | 2.214 | 2.214 | - | 4.774 | 66.9 | 95.6 |
| 29 | Taiping Reinsurance | China | 2.098 | 1.327 | 0.771 | 1.557 | 70.7 | 103.9 |
| 30 | Peak Reinsurance | Hong Kong | 1.966 | 1.867 | 0.099 | 1.487 | 71 | 97.5 |
| 31 | IRB - Brasil Resseguros | Brazil | 1.846 | 1.846 | - | 0.819 | 102.3 | 132 |
| 32 | SiriusPoint | Bermuda | 1.828 | 1.826 | 0.002 | 2.437 | 80.7 | 113.3 |
| 33 | Aspen Insurance | Bermuda | 1.661 | 1.661 | - | 2.998 | 74.2 | 101.8 |
| 34 | Qianhai Reinsurance | China | 1.574 | 0.386 | 1.188 | 0.475 | 75.6 | 98.7 |
| 35 | Deutsche Rueckversicherung | Germany | 1.49 | 1.391 | 0.099 | 0.376 | 66.5 | 100.6 |
| 36 | QBE Insurance Group | Australia | 1.417 | 1.417 | - | 8.492 | 83.9 | 109.1 |
| 37 | Tokio Millennium Re | Japan | 1.372 | 1.372 | - | 17.374 | ND | 103.7 |
| 38 | American Agricultural Insurance | United-States | 1.291 | 1.291 | - | 0.639 | 83.6 | 101.1 |
| 39 | Markel Corporation | United-States | 1.131 | 1.131 | - | 12.815 | 69.8 | 103.7 |
| 40 | Allied World Assurance | Bermuda | 0.956 | 0.956 | - | 4.377 | 69.1 | 95.6 |
| 41 | Fidelis | Bermuda | 0.855 | 0.855 | - | 2.034 | 55.7 | 88.3 |
| 42 | Chubb | Switzerland | 0.832 | 0.832 | - | 59.441 | 62.3 | 92.5 |
| 43 | Lancashire | Bermuda | 0.814 | 0.814 | - | 1.539 | 59.6 | 110.4 |
| 44 | W.R. Berkley Corporation | United-States | 0.81 | 0.81 | - | 0.631 | ND | 95.3 |
| 45 | African Reinsurance | Nigeria | 0.805 | 0.744 | 0.061 | 1.017 | 62.4 | 100 |
| 46 | Nacional de Reaseguros | Spain | 0.747 | 0.608 | 0.139 | 0.497 | 66.8 | 97.5 |
| 47 | Hiscox | Bermuda | 0.743 | 0.743 | - | 2.354 | 102 | 135.2 |
| 48 | DEVK Re | Germany | 0.703 | 0.695 | 0.008 | 1.565 | 71.8 | 99.8 |
| 49 | Central Reinsurance Corporation | Taiwan | 0.655 | 0.549 | 0.106 | 0.576 | 71.7 | 98.2 |
| 50 | Qatar Reinsurance | Bermuda | 0.652 | 0.652 | - | 0.75 | 106.3 | 140.5 |
(1) only calculated for the non-life activity
Source : A.M. Best
Read also | Top 50 global reinsurers in 2019 [4]
