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Top 50 Global Reinsurance Groups - Reinsurance News

Top 50 Global Reinsurance Groups This Top 50 Global Reinsurance Groups directory is based on research data from rating agency A.M. Best. Listing the top reinsurers in the world, this directory provides a simple way to analyse the world’s top reinsurance companies. The global reinsurance groups featured are ranked by unaffiliated gross reinsurance premiums written […]

The global reinsurance groups featured are ranked by unaffiliated gross reinsurance premiums written in 2021 (USD $m’s)¹. You can sort the table by any of the headings and search it to analyse individual reinsurance companies.

RankingReinsurance Company NameGross Life & Non-Life Reinsurance Premiums WrittenNet Life & Non-Life Reinsurance Premiums WrittenGross Non-Life Only Reinsurance Premiums WrittenNet Non-Life Only Reinsurance Premiums WrittenShareholders Funds (2)Loss Ratios (3)Expense Ratios (3)Combined Ratios (3) 1Munich Reinsurance Company$46,836$44,417$32,610$31,482$35,04768.7%30.9%99.6% 2Swiss Re Ltd.$39,202$36,965$23,131$22,381$23,67867.4%29.7%97.1% 3Hannover Rück S.E. 4$31,443$27,344$21,773$18,827$14,44769.3%28.7%98.0% 4Canada Life Re$23,547$23,514N/AN/A$23,854N/AN/AN/A 5SCOR S.E.$19,933$16,242$9,319$7,939$7,25172.0%28.6%100.6% 6Berkshire Hathaway Inc.$19,906$19,906$14,285$14,285$514,93071.9%23.3%95.1% 7Lloyd's 5, 6$19,343$14,263$19,343$14,263$48,24265.8%29.4%95.2% 8China Reinsurance (Group) Corporation$17,808$16,181$6,956$6,608$16,10466.6%28.4%95.1% 9Reinsurance Group of America Inc.$13,348$12,513N/AN/A$13,014N/AN/AN/A 10Everest Re Group Ltd.$9,067$8,536$9,067$8,536$10,13971.6%26.5%98.1% 11PartnerRe Ltd.$8,204$7,134$6,557$5,511$7,54464.6%25.9%90.5% 12RenaissanceRe Holdings Ltd.$7,834$5,939$7,834$5,939$7,07874.6%27.5%102.1% 13Korean Reinsurance Company$7,145$5,102$6,043$4,078$2,12686.4%14.2%100.6% 14Transatlantic Holdings, Inc.$6,034$5,387$6,034$5,387$5,39869.2%30.2%99.5% 15General Insurance Corporation of India 7$5,821$5,172$5,630$4,987$7,93888.8%19.3%108.1% 16AXA XL$5,480$4,313$5,480$4,313$13,13972.6%31.2%103.8% 17Arch Capital Group Ltd.$5,094$3,254$5,094$3,254$13,54667.8%26.4%94.2% 18MS&AD Insurance Group Holdings, Inc. 7, 8, 12$4,393N/A$4,393N/A$14,668N/AN/A97.7% 19Pacific LifeCorp$4,098$3,620N/AN/A$17,005N/AN/AN/A 20Sompo International Holdings, Ltd.$3,855$3,417$3,855$3,417$7,43363.5%29.5%93.1% 21MAPFRE RE, Compania de Reaseguros S.A. 10$3,719$3,165$3,080$2,534$2,03569.3%28.7%98.1% 22Assicurazioni Generali SpA$3,670$3,670$1,242$1,242$36,10183.5%27.9%111.4% 23R+V Versicherung AG 9$3,421$3,421$3,421$3,421$2,43576.0%26.3%102.2% 24Validus Reinsurance, Ltd.$3,171$2,452$3,171$2,452$3,54872.4%28.6%101.0% 25The Toa Reinsurance Company, Limited 7, 8$2,988$2,453$2,127$1,690$2,61477.6%32.5%110.2% 26Liberty Mutual 13$2,945N/A$2,945N/A$27,84862.0%33.2%95.2% 27Odyssey Re Holdings Corp.$2,842$2,709$2,842$2,709$5,22075.1%24.9%100.0% 28Axis Capital Holdings Limited$2,823$2,032$2,823$2,032$5,41173.2%26.5%99.7% 29Taiping Reinsurance Co. Ltd. 8$2,339$2,051$1,447$1,229$1,50771.0%32.9%103.9% 30Peak Reinsurance Company Ltd.$2,145$1,794$1,899$1,591$1,47075.8%26.2%102.1% 31Caisse Centrale de Reassurance$2,144$1,964$1,968$1,792$3,19150.0%16.8%66.9% 32Qianhai Reinsurance Co., Ltd.$1,994$1,154$410$350$52175.5%25.1%100.5% 33QBE Insurance Group Limited$1,662$1,482$1,662$1,482$8,88266.6%6.1%72.8% 34Aspen Insurance Holdings Limited$1,597$1,199$1,597$1,199$2,77563.0%30.6%93.6% 35Deutsche Rueckversicherung AG$1,577$1,042$1,475$1,000$35176.3%29.2%105.5% 36IRB - Brasil Resseguros S.A.$1,552$984$1,552$984$644101.5%30.5%132.0% 37Tokio Millennium Re AG 7, 12$1,483$1,178$1,483$1,178$17,148N/AN/A100.9% 38SiriusPoint Ltd. 13$1,350$1,125$1,350$1,125$2,50382.6%33.7%116.2% 39Fidelis$1,289$573$1,289$573$2,07884.0%27.6%111.6% 40Markel Corporation$1,246$1,126$1,246$1,126$14,69573.9%31.4%105.3% 41W.R. Berkley Corporation 12$1,228$1,119$1,228$1,119$6,65361.0%29.7%90.7% 42Lancashire$1,225$816$1,225$816$1,41367.6%41.3%108.9% 43Allied World A-surance Company Holdings, AG$1,201$1,106$1,201$1,106$4,79275.4%25.7%101.1% 44American Agricultural Insurance Company 11$927$247$927$247$67282.6%4.1%86.7% 45Chubb Limited$873$873$873$873$59,71479.2%29.4%108.6% 46African Reinsurance Corporation$845$666$783$612$1,00156.8%36.7%93.5% 47Hiscox Ltd.$808$274$808$274$2,53940.8%29.7%70.6% 48Somers Re$783$705$783$705$94380.6%23.7%104.3% 49DEVK Re$759$699$754$694$14,44776.3%28.4%104.7% 50Central Reinsurance Corporation$755$702$645$595$69867.9%27.6%95.5%

1. All non-USD currencies converted to USD using foreign exchange rate at company’s fiscal year-end. 2. As reported on Balance Sheet, unless otherwise noted. 3. Non-Life only. 4. Net premium written data not reported, net premium earned substituted. 5. Lloyd’s premiums are reinsurance only. Premiums for certain groups within the rankings may include Lloyd’s Syndicate premiums when applicable. 6. Total shareholders’ funds includes Lloyd’s members’ a-sets and Lloyd’s central reserves. 7. Fiscal year-end March 31, 2022. 8. Net a-set value used for total shareholders’ funds. 9. Ratios are as reported and calculated on a gross basis. 10. Premium data excludes intergroup reinsurance. 11. Data and ratios based on US statutory filing. 12. Ratios are based on the group’s operations. 13. Ratios are based on Liberty Mutual Insurance Europe SE financial statements. (N/A) – Information not applicable or not available at time of publication.

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Reinsurance Market Size, Share, Trends and Insights by 2031

Category: Reinsurance Company

The global reinsurance market was valued at $498.7 billion in 2021, and is projected to reach $1344.3 billion by 2031, growing at a CAGR of 10.8% from 2022 to 2031

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by Type (Facultative Reinsurance, Treaty Reinsurance), by Application (Property & Casualty Reinsurance, Life & Health Reinsurance), by Distribution Channel (Direct Writing, Broker), by Mode (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031

The COVID-19 outbreak had a negative effect on the reinsurance industry as the insurance industry has to turn towards reinsurers due to increasing claims and liquidity issues. However, the digitalization of the reinsurance industry has limited the negative impact of the pandemic.

Reinsurance is a contract wherein the reinsurance firm or reinsurer or reinsurer broker commits to defend the insurance company or ceding company against the perils covered by the agreement. It aims to lower the net amount at risk from certain hazards such as insolvency and unfavorable market conditions and increase the ceding company's surplus position and financial stability. Additionally, reinsurance enables the ceding firm to increase the amount of risk it can take on any given risk and increase the amount of business it can take on.

The reinsurers have taken several steps to smooth out the earnings of primary insurers since they are eager to provide value-added services to them. From merely addressing property disaster risks to covering a wider range of hazards, the focus has significantly shifted. In addition, growth in property catastrophe protection is a major factor expected to drive the reinsurance market growth. However, frail economies, with resultant low insurance infiltration due to lack of disposable income, and globalization & competition from foreign companies, are expected to hinder the growth of the market. On the contrary, digitalization in reinsurance companies is expected to fuel the expansion of the market in future. Moreover, increase in opting for property & casualty reinsurance services and conduit reinsurance by leading sectors is expected to create lucrative opportunities for the market to grow in upcoming years.

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Top 50 World’s Largest Reinsurance Groups

Category: 16 MS& AD Insurance Group Holdings

8 Reinsurance Group of America Inc. 11,341 10,544 N/A N/A 8,451 N/A N/A N/A 9 Great West Lifeco 7,737 7,647 N/A N/A 20,096 N/A N/A N/A 16 MS&AD Insurance Group Holdings, Inc. 7, 8 …

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How Is the Reinsurance Industry Funded?

3:51 - 2 years ago

Taken from #34 of The Reinsurance Podcast: https://open.spotify.com/episode/1uVAsu4k4yk7vTp88GVrDR.

Largest reinsurers worldwide by net premiums 2021 | Statista

Category: Reinsurance Company

German reinsurer Munich Re was the largest reinsurance company worldwide in 2020 and 2021.

German reinsurer Munich Re was the largest reinsurance company worldwide in 2020 and 2021. In 2021, the net premiums written by Munich Re amounted to approximately 44.4 billion U.S. dollars. Swiss Re was the second largest reinsurer in 2021 with 37 billion U.S. dollars in net premiums. Who are Munich Re? Munich Re Group was founded in 1880 and is headquartered, unsurprisingly, in Munich, Germany. The gross reinsurance premiums written by Munich Re have been trending upwards since 2008. Munich Re's number of employees worldwide has gradually decreased during the same period. Reinsurance losses Reinsurers take on a portion of the risk portfolios of insurers, which reduces the losses suffered by insurers in the case of large insurance claims, e.g. after property damage from a hurricane. The reinsurance losses incurred by Munich Re were especially high in 2011 and 2017, due to the earthquakes and flooding of 2011 and the 2017 hurricanes, as well as 2020 and 2021.

Characteristic20202021Munich Reinsurance Co (Germany)43.144.42Swiss Reinsurance Co (Switzerland)34.2936.97Hannover Rück SE (Germany)26.2327.34Canada Life Re (Canada)14.523.51Berkshire Hathaway Inc (United States)19.219.91SCOR SE (France)17.9116.24China Reinsurance (Group) Corp (China)15.4516.18Lloyd's (United Kingdom)12.2114.26Reinsurance Group of America, Inc (United States)11.6912.51Everest Re Group Ltd. (Bermuda)6.778.54

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Reinsurance - statistics & facts | Statista

Find the most up-to-date statistics and facts on reinsurance

Reinsurance is insurance that is purchased by an insurance company from one or more other insurance companies. Transferring portions of risk portfolios to other parties (or ‘cedents’) by some form of agreement is designed to reduce the likelihood of having to pay large obligations resulting from an insurance claim. Reinsuring is sometimes known as ‘insurance for insurers’ or ‘stop loss insurance’ as it solely exists to preventing losses to primary insurers by spreading risks across alternative institutions. The extent to which insurance companies engage reinsurers is measured by what is called the retention ratio, which is the ratio of policies a company keeps on its books (rather than passing on to a reinsurance company). Reinsurance retention ratios differ greatly between countries, from almost no policies being passed on in Finland to almost one third in New Zealand.

Munich Re was the largest reinsurers worldwide in 2020, followed by Swiss Re and Hannover Re. This means that not only are the three largest reinsurance companies European, but all are also based in German-speaking areas of the continent. The largest U.S. reinsurance company was the National Indemnity Company, a subsidiary of American multinational conglomerate holding company Berkshire Hathaway Inc.

Reinsurers play an important role in managing climate and natural disaster risk, as these events can trigger very large claim obligations for insurance companies. Over the last few years natural disasters cost the global insurance industry between 50 and 150 billion U.S. dollars each year. Hurricane Katrina, which hit in 2005, was one of the most expensive natural disasters for the insurance industry, as well as one of the deadliest hurricanes recorded in the United States. Insured losses resulting from Katrina amounted exceeded 60.5 billion U.S. dollars. The connection between natural disasters and reinsurance is likely one of the main reasons that New Zealand – with its high risk of earthquakes – has such a low reinsurance retention rate.

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U.S. reinsurance market size 2011-2021 | Statista

The market size of reinsurance carriers in the United States is expected to reach 88.3 billion U.S.

The market size of reinsurance carriers in the United States is expected to reach 88.3 billion U.S. dollars in 2021, however this is still lower than the 93.7 billion U.S. dollars recorded in 2019. Reinsurance carriers purchase insurance policies from other insurers to limit their loss in case of a disaster, such as an earthquake or tsunami. Insured losses caused by natural disasters have generally increased worldwide over the past 20 years.

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The 50 Largest Reinsurers | Risk Management Monitor

Category: Flagstone Reinsurance

It’s not a good time to be a reinsurer. These companies, which essentially offer insurance for insurance, often bear the brunt of natural disasters. And 2011 has been the worst catastrophe year in history by some measures. Just look at the graphic above, courtesy of the Insurance Information Institute, for proof. Add in the fact that investment returns, traditionally a windfall for these heavily capitalized reinsurers, have been sluggish and volatile since the market meltdown in 2008 and things could be better.

1. Munich Reinsurance Company—$31,280 2. Swiss Reinsurance Company Limited—24,756 3. Hannover Rueckversicherung AG—15,147 4. Berkshire Hathaway Inc. —14,374 5. Lloyd’s—12,977 6. SCOR S.E. — 8,872 7. Reinsurance Group of America Inc. — 7,201 8. Allianz S.E. — 5,736 9. PartnerRe Ltd.— 4,881 10. Everest Re Group Ltd. —4,201 11. Transatlantic Holdings Inc. —4,133 12. Korean Reinsurance Company —4,114 13. China Reinsurance (Group) Corporation —3,796 14. London Reinsurance Group Inc. —3,266 15. MAPFRE RE, Compania de Reaseguros, S.A. —3,143 16. General Insurance Corporation of India —2,573 17. A-sicurazioni Generali SpA —2,463 18. AEGON N.V. —2,391 19. QBE Insurance Group Limited —2,280 20. XL Group plc—2,255 21. MS&AD Insurance Group Holdings Inc.—2,206 22. The Toa Reinsurance Company Limited—2,021 23. Axis Capital Holdings Limited—1,834 24. Caisse Centrale de Reassurance—1,814 25. Odyssey Re Holdings Corp.—1,625 26. Tokio Marine Holdings Inc.—1,466 27. Catlin Group Limited—1,290 28. RenaissanceRe Holdings Ltd.—1,165 29. Aspen Insurance Holdings Limited—1,162 30. ACE Limited—1,146 31. Validus Holdings Ltd.—1,101 32. Flagstone Reinsurance aHoldings Limited—1,098 33. White Mountains Insurance Group, Ltd.—1,079 34. Amlin plc—1,004 35. Manulife Financial Corporation—972 36. American Agricultural Insurance Company—941 37. Endurance Specialty Holdings Ltd.—941 38. Alterra Capital Holdings Ltd.—892 39. Arch Capital Group Ltd.—875 40. IRB – Brasil Resseguros S.A.—780 41. Platinum Underwriters Holdings Ltd.—780 42. ACR Capital Holdings Pte, Ltd.—752 43. Montpelier Re Holdings Ltd.—720 44. NKSJ Holdings Inc.—690 45. Ariel Holdings Ltd.—644 46. Sun Life Financial Inc.—554 47. Maiden Holdings Ltd.—554 48. Allied World A-surance Company Holdings, AG—524 49. Central Reinsurance Corporation—457 50. W. R. Berkley Corporation—425

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List of largest insurance companies - Wikipedia

Rank Company Country Total a-sets (US$ Billion) 1 Prudential plc United Kingdom 1,190.1 2 Axa France 918.9 3 Prudential Financial United States 815.1 4 Nippon Life Japan 710.9 5 Berkshire Hathaway United States 707.9 6 MetLife United States 687.5 7 Japan Post Insurance Japan 666.6 8 Allianz Germany 646.2 9 Legal & General United Kingdom 625.7 10 Ping An Insurance China 620.4 11 A-sicurazioni Generali Italy 590.5 12 China Life Insurance China 579.4 13 Manulife Financial Canada 550.3 14 Aviva United Kingdom 546.9 15 JA Kyosai Japan 529.2 16 Dai-ichi Life Japan 504.6 17 American International Group United States 491.8 18 CNP A-surances France 475.7 19 Aegon N.V. Netherlands 449.7 20 Life Insurance Corporation India 449.0 21 Amundi France 437.9 22 Zurich Insurance Group Switzerland 395.3 23 Meiji Yasuda Life Japan 379.9 24 Sumitomo Life Japan 341.1 25 New York Life Insurance Company United States 339.1

Rank Company Country Net premiums written (US$ Billion) 1 UnitedHealth Group United States 178.1 2 Axa France 103.0 3 Ping An Insurance China 101.8 4 China Life Insurance China 93.4 5 Kaiser Permanente United States 92.1 6 Anthem United States 85.0 7 Allianz Germany 83.2 8 A-sicurazioni Generali Italy 72.6 9 State Farm United States 70.8 10 People's Insurance Company of China China 68.2 11 Berkshire Hathaway United States 59.2 12 Centene Corporation United States 57.3 13 Humana United States 54.9 14 Nippon Life Japan 54.3 15 Munich Re Germany 53.5 16 JA Kyosai Japan 50.3 17 Life Insurance Corporation India 48.7 18 Dai-ichi Life Japan 48.2 19 China Pacific Insurance Company China 44.3 20 CVS Health United States 44.0 21 MetLife United States 43.8 22 Prudential plc United Kingdom 42.2 23 Zurich Insurance Group Switzerland 41.2 24 Liberty Mutual United States 39.1 25 Health Care Service Corporation United States 38.0

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Reinsurance Market Size, Industry Share & Trends – 2032

[250 Pages Report] Reinsurance Market is projected to reach a valuation of US$ 306.4 Bn in 2022, likely to surge at a vigorous 4.5% CAGR during the forecast 2022 - 2032

[250 Pages Report] Newly released Reinsurance Market analysis report by Future Market Insights shows that global sales of Reinsurance Market in 2021 was held at US$ 292.4 Bn. With 4.5% projected growth, the market during 2022 - 2032 is expected to reach a valuation of US$ 474 Bn. Non-Life/Property and Casualty Reinsurance Companies is expected to be the highest revenue-generating category, projected to register a CAGR of 4.3% during 2022 – 2032.

As per the Reinsurance Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Reinsurance Market increased at around 4.9% CAGR.

Reinsurance, like primary markets, is experiencing an oversupply of capital. Almost all global reinsurance firms have expanded their footprint, seeking to do more business in Asia and Latin America, while "local" and regional firms have also sought to expand globally, beyond their home markets. Furthermore, over the last decade, the distinction between primary insurance and reinsurance has blurred, with most companies offering both. Only a few pure-play reinsurance companies offer both non-life and life/health coverage.

The corporate sector requires indemnification in the event of major losses, and consumers seek a-set protection in an era of rising crime, as well as health care and retirement income, as economic and social conditions involving liberalization, privatization, and de-monopolization stimulate demand for insurance.

Most countries permit reinsurers to operate independently on both domestic and international level. Some companies, however, limit individual insurers' placement to a single reinsurer or market. To name a few, Latvia, Lithuania, Moldova, Romania, and Slovenia require international placement only when domestic reinsurers are unable to acknowledge the industry.

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Top 100 U.S. Property & Casualty Insurance Companies - Reinsurance News

The largest P&C insurers in the United States This Top 100 U.S. Property & Casualty Insurance Companies directory is based on research data from rating agency A.M. Best. Listing the top property and casualty insurance companies in the United States, this directory provides a simple way to analyse the top P&C insurance companies in the U.S. […]

The property and casualty insurance groups featured are ranked by net premiums written in 2021. You can sort the table by any of the headings and search it to analyse individual insurance companies.

RankingP/C insurance company name2021 Net premiums written (US $ 000)% change from previous year 1State Farm Group69,647,8106.1 2Berkshire Hathaway Ins68,340,64420.7 3Progressive Ins Group46,611,13813.7 4Allstate Ins Group38,623,3135.9 5Liberty Mutual Ins Cos36,138,7033.1 6Travelers Group29,794,2897.1 7USAA Group24,547,8422.1 8Chubb INA Group21,704,09210.6 9Nationwide Group18,823,6804.9 10Farmers Ins Group15,964,977-10.7 11American Intl Group (AIG)13,225,0695.3 12American Family Insurance Group12,660,8179.7 13Hartford Ins Group12,552,1969 14Fairfax Financial (USA) Group10,409,20921 15Munich-American Hldg Corp Cos9,784,22038.6 16Auto-Owners Ins Group9,654,0477.6 17Tokio Marine US PC Group8,188,44112.4 18W. R. Berkley Ins Group8,002,74520.8 19Erie Ins Group7,996,7224.1 20Everest Re US Group7,736,53516.1 21CNA Ins Cos7,634,8013.5 22Alleghany Ins Holdings Group6,790,20013 23Cincinnati Ins Cos6,297,09210.7 24FM Global Group5,274,94712.3 25Great Amer P&C Ins Grp5,234,02810.6 26Markel Corp Group5,227,05927.5 27Zurich Finl Svcs NA Group5,061,93816.2 28The Hanover Ins Grp Prop & Cas Cos4,986,6558.2 29Kemper PC Companies4,870,6237.6 30Sompo Hldgs US Group4,626,73638.9 31Auto Club Enterprises Ins Group4,604,4143 32CSAA Ins Group4,151,7956.9 33Swiss Reinsurance Group4,113,37914.6 34Mercury Gen Group3,816,6736.9 35Arch Ins Group3,488,71710.3 36Allianz US P&C Ins Companies3,297,11841.3 37Selective Ins Group3,189,71315 38QBE Americas Group3,144,61313.1 39AXA U.S. Group3,127,508-4.6 40Assurant P&C Group3,055,1734.3 41Sentry Ins Group2,849,73211.2 42Old Republic Ins Group2,753,4552.9 43AmTrust Group2,716,54730.9 44COUNTRY Financial PC Group2,671,2803.3 45Auto Club Group2,616,9070.6 46PartnerRe US Group2,289,5208.7 47Scor US Group2,280,8833.9 48AXIS US Operations2,278,62113.8 49Amica Mutual Group2,236,398-2.9 50Starr Intl Group2,134,4718 51Shelter Ins Cos2,046,6584.7 52EMC Ins Cos2,029,0024.4 53Federated Mutual Group1,970,1098.4 54NJM Ins Group1,920,9374.5 55Westfield Group1,920,6827.3 56Acuity, A Mutual Ins Co1,888,91111.5 57State Ins Fund WC Fund1,733,1047.6 58MAPFRE North America Group1,676,647-2.2 59AF Group1,621,1581.3 60Amer Natl Prop & Cas Companies1,586,3228.5 61West Bend Mutual Ins Co1,536,11612.9 62Southern Farm Bureau Cas Group1,520,4213.8 63TN Farmers Ins Cos1,508,3094.1 64Farm Bureau P&C Group1,495,0966.6 65Core Specialty1,469,190180.9 66Alfa Ins Group1,445,8833.9 67IAT Ins Group1,445,4747.9 68ICW Pool1,396,10313 69Intact US Ins Group1,379,33412.2 70Grange Ins Pool1,374,1603.8 71Citizens Property Ins Corporation1,358,44244 72Utica Natl Ins Group1,314,66510.2 73Argo Group1,300,0616.4 74Texas Farm Bureau Group1,276,8331.3 75State Compensation Ins Fund1,221,22714.9 76Doctors Co Ins Group1,128,96915.6 77KY Farm Bureau Group1,096,4113.5 78Encova Mutual Ins Group1,095,6882.1 79Universal Ins Hldgs Group1,082,3517.2 80CUMIS Ins Society Group1,069,67910.5 81RLI Group1,057,53318.5 82RenaissanceRe US Group1,037,05837.5 83NC Farm Bureau Ins Group1,035,6504.6 84Mortgage Guar Group969,0784.3 85Donegal Ins Group961,8543.1 86TX Mutual Ins Co957,323-0.2 87ProAssurance Group950,416-1.4 88Radian Group944,545-6.6 89Church Mutual Ins Group934,0493.2 90Enact Mortgage Ins Group914,1502.2 91United Fire & Cas Group908,230-10.2 92FCCI Ins Group907,5485.3 93Palisades Group904,626-1.5 94Arbella Ins Group834,5146.9 95Secura Ins Cos805,51910.7 96Aspen US Ins Group800,893-18.9 97MI Farm Bureau Group797,5312.7 98Coaction Specialty Ins Group788,60312.5 99Frankenmuth Ins Group776,6717.2 100Penn NatI Ins Cos771,2482.8

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The Business Model of Reinsurance Companies

Learn about the business of reinsurance, a hidden industry that underpins the entire financial and insurance structure around the globe.

Julius Mansa is a CFO consultant, finance and accounting professor, investor, and U.S. Department of State Fulbright research awardee in the field of financial technology. He educates business students on topics in accounting and corporate finance. Outside of academia, Julius is a CFO consultant and financial business partner for companies that need strategic and senior-level advisory services that help grow their companies and become more profitable.

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Sometimes insurance companies want the same kind of financial protection that they offer to their own customers, and they can find such protections in the so-called reinsurance market. Reinsurance companies provide insurance against loss for other insurance companies, especially losses related to catastrophic risks, such as hurricanes or the global financial crisis of 2008-2009.

The first is known as treaty reinsurance, which is a type of contract where the reinsurer is bound to accept all of the policies, or an entire class of policies from the reinsured, including those that have yet to be written.

The second type is facultative reinsurance, which is much more specific. These can cover single individual policies, such as reinsuring the excess insurance on a company or large building, or they may cover different parts with several policies pooled together.

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Reinsurance Market 2022 Size, Share | Industry Future

global Reinsurance market size is estimated to be worth US$ 279860 million in 2021 and is forecast to a readjusted size of US$ 315360 million by 2028 with...

global Reinsurance market size is estimated to be worth US$ 279860 million in 2021 and is forecast to a readjusted size of US$ 315360 million by 2028 with a CAGR of 1.7% during the forecast period 2022-2028.

Pune, June 17, 2022 (GLOBE NEWSWIRE) -- The latest global Reinsurance Market research report 2022 provides detailed information about the market overview, modern trends, demand, and recent development affecting the market growth during the upcoming year. The reinsurance Market report also covers the new business development, price, revenue, gross margin, market size, share, potential growth and upcoming market strategy followed by leading players. This report also gives the knowledge of major company profiles within the market. The report focuses on the Reinsurance Market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Moreover, Reinsurance Market is forecast by region, type, and application, with sales and revenue, from 2022 to 2029. And also report covers the market landscape and its growth prospects over the coming years. Finally, the feasibility of new investment projects is a-sessed and overall research conclusions are offered.

Moreover, the research report gives detailed data about the major factors influencing the growth of the Reinsurance market at the national and local level forecast of the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies.

The Covid-19 pandemic has negatively impacted the Reinsurance Market. With the industries. Major companies have suspended their operations in different locations due to the lockdown and social distancing norms. Post pandemic, the industry expects a lot of requirements and demand owing to the rapid urbanization and growing need for wise use of area present.

COVID-19 (Coronavirus) Global Market Conditions and Competitors: - In this report, analysts compile existing research on COVID-19, share key insights, and help the reader to spot new market opportunities related to the pandemic. Topics include product development pipelines, diagnostic testing approaches, vaccine development programs, regulatory approvals, and much more.

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The 100 Largest Life Insurance Companies

Shopping for life insurance? You have plenty of choices. Here are the biggest life insurance companies in the U.S.: Northwestern Mutual, Lincoln Financial, New York Life, MassMutual, Prudential, John Hancock.

Rank Life insurance company Market share % 1 Northwestern Mutual 8.24 2 Lincoln Financial 5.84 3 New York Life 5.73 4 MassMutual 4.82 5 Prudential Financial Inc. 4.54 6 John Hancock 3.64 7 State Farm 3.59 8 Transamerica 3.57 9 Pacific Life 2.95 10 Metlife 2.91 11 AIG 2.72 12 Guardian 2.69 13 AXA 2.39 14 Brighthouse Financial 1.97 15 Protective 1.86 16 Primerica 1.86 17 Sammons Enterprises Inc. 1.78 18 Voya Financial Inc. 1.70 19 Nationwide 1.60 20 Torchmark Corp. 1.49 21 Penn Mutual 1.48 22 Securian 1.44 23 Mutual of Omaha 1.40 24 Principal Financial Group Inc. 1.30 25 Western & Southern Financial 1.22 26 Genworth 1.17 27 National Life Group 1.16 28 Legal & General 1.01 29 Zurich 0.91 30 Lincoln Benefit Life Co. 0.91 31 RiverSource 0.89 32 USAA 0.80 33 Ohio National 0.79 34 Talcott Resolution 0.76 35 OneAmerica 0.70 36 Allianz 0.70 37 Aflac 0.69 38 Allstate Corp. 0.67 39 Global Atlantic 0.58 40 Southern Farm Bureau Life Insurance Co 0.58 41 Jackson 0.57 42 Great-West 0.57 43 CNO Financial Group 0.57 44 American National 0.56 45 Unum Group 0.53 46 Ameritas 0.51 47 Nassau Re 0.48 48 TIAA 0.46 49 Symetra 0.41 50 Lincoln Heritage Life Insurance Co. 0.41 51 Wilton Re 0.38 52 AAA Life Insurance 0.36 53 Sun Life Financial 0.34 54 CUNA Mutual 0.33 55 American Family Life Insurance Co. 0.33 56 COUNTRY Financial 0.33 57 Fidelity & Guaranty Life 0.32 58 Kemper 0.30 59 National Western Life Grp Inc. 0.30 60 Iowa Farm Bureau Federation 0.27 61 SB Mutual Life Insurance Co. of MA 0.26 62 Kansas City Life Insurance Co. 0.26 63 Security Mutual Life Insurance Co. NY 0.25 64 Cincinnati Life Insurance Co. 0.25 65 Athene 0.22 66 Americo 0.22 67 iA Financial 0.20 68 A-surant 0.20 69 Pan American Life 0.19 70 Columbian Mutual Life Insurance Co. 0.18 71 National Guardian Life Insurance Co. 0.17 72 Erie Family Life Insurance Co. 0.14 73 Indiana Farm Bureau 0.14 74 Physicians Mutual 0.13 75 Cigna 0.13 76 American Fidelity 0.13 77 Federated Life Insurance Co. 0.12 78 Alfa Life Insurance Corp. 0.12 79 Boston Mutual 0.12 80 Tennessee Farmers Life Insurance Co. 0.12 81 Shelter Life Insurance Co. 0.10 82 Fidelity Life A-sn. 0.10 83 Auto-Owners Life Insurance Co. 0.10 84 A-surity 0.09 85 Horace Mann 0.09 86 The Baltimore Life Insurance Co 0.09 87 Citizens 0.09 88 Amica Life Insurance Co. 0.07 89 Prosperity Life Insurance Group LLC 0.07 90 Michigan Farm Bureau 0.07 91 Pekin Life Insurance Co. 0.07 92 Chubb 0.07 93 Global Bankers Insurance 0.06 94 UnitedHealth Group 0.06 95 CVS Health Corp. 0.06 96 American Enterprise 0.06 97 Security National Financial 0.05 98 Foresters Life Insurance & Annuity Co. 0.05 99 USHEALTH 0.05 100 Illinois Mutual Life Insurance Co 0.04 Source: S&P Global Market Intelligence, based on 2018 market share for ordinary life insurance.

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EverQuote is a leading online insurance marketplace in the U.S. We're on a mission to help consumers better protect life's most important a-sets: their families, property and future. For quality control purposes, your activity on this website may be monitored or recorded by EverQuote or its service providers.

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Global insolvencies expected to rise significantly in 2022 and 2023: Allianz Trade - Reinsurance News

Global business insolvencies are expected to rise +10% in 2022 and +19% in 2023, a significant rebound after two years of decline, according to Allianz

According to Maxime Lemerle, lead analyst for Insolvency Research at Allianz Trade, the rebound in business insolvencies is already a reality for most countries, in particular for the top European markets, which explain two-thirds of the rise.

Allianz Trade expects important rises in France (+46% in 2022 ; +29% in 2023), the UK (+51% ; +10%), Germany (+5% ; +17%) and Italy (-6% ; +36%). The region should exceed its pre-pandemic level of business insolvencies as soon as 2022 (by +5%).

Allianz Trade expects China to register +15% more insolvencies in 2023 on the back of low growth and limited impact from the monetary and fiscal easing. In the US, it expects an increase of +38% in business insolvencies in 2023 as a result of tighter monetary and financial conditions.

Ano Kuhanathan, Head of Corporate Research at Allianz Trade, said: “This normalisation in business insolvencies remains heterogeneous across sectors and size of firms. In Europe, we are seeing a rebound in insolvencies in slightly less than 60% of the industries, with a return to pre-pandemic levels most often in food/accommodation, manufacturing, and B2C services.

“At the same time, the global rebound comes mainly from the insolvencies of small corporates, confirmed by the moderate number of major insolvencies: 58 cases in Q3 2022 and 182 over the first three quarters, compared to 187 and 332 for the same period of 2021 and 2020.”

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Global Reinsurance Market - Size, Outlook, Trends and Forecasts …

Oct 17, 2022 · CHAPTER 9 GLOBAL REINSURANCE MARKET – COMPANY PROFILES. 9.1. ACE Tempest Reinsurance Ltd. 9.2. Enduring Speciality Holding Ltd. 9.3. Odyssey Re Holding …

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Reinsurance Market Size 2022 And Growth Analysis

Category: Reinsurance Companies

For instance, reinsurance companies Generali and Allianz have adopted a bundled approach, enabling them to get better oversight of the global market and cut down on the cost of offering …

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