World's largest reinsurers - Top 20 (2024)

FAQs

World's largest reinsurers - Top 20? ›

German reinsurer Munich Re was the largest reinsurance company worldwide in 2022. In 2022, the net premiums written by Munich Re amounted to approximately 48.6 billion U.S. dollars. Swiss Re was the second-largest reinsurer with 37 billion U.S. dollars in net premiums. Who are Munich Re?

German reinsurer Munich Re was the largest reinsurance company worldwide in 2022. In 2022, the net premiums written by Munich Re amounted to approximately 48.6 billion U.S. dollars. Swiss Re was the second-largest reinsurer with 37 billion U.S. dollars in net premiums. Who are Munich Re?

Our sister publication Reinsurance News has Howden Tiger (soon to be Howden Re) ranked as the fourth largest reinsurance broker in the world based on revenues.

China Re Group is the only state-owned reinsurance group in China and ranking first in Asia and eighth globally by reinsurance premium. It possesses profound cultural basis, leading industry position and extensive brand influence. Strong shareholder background and sound capital strength.

The ratings agency feels that Europe's big four reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR are well placed for a strong 2024, even though underwriting margins will likely peak this year.

Guy Carpenter, the “Father of Modern-Day Reinsurance,” disrupted the cotton trade with a data-based approach to analyzing risk that lowered rates for his clients.

1. State Farm. State Farm is the largest car insurance provider in the US, accounting for almost 17% of the overall market. The figure is equivalent to over $8 billion more in direct written premiums compared to the next-ranked insurer.

Where is Howden Tiger headquarters? ›

Where is Howden Tiger headquartered? Howden Tiger is headquartered in Stamford, CT.

On April 13, 1997, he won his first major, the Masters, in record-breaking fashion and became the tournament's youngest winner at age 21.

The Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient.

Zurich also owns the Farmers RE business which includes reinsurance assumed from the Farmers Exchange by the Group. Zurich's Farmers Insurance Group is the third largest insurance group in the United States.

Under proportional reinsurance, the reinsurer receives a prorated share of all policy premiums sold by the insurer. For a claim, the reinsurer bears a portion of the losses based on a pre-negotiated percentage. The reinsurer also reimburses the insurer for processing, business acquisition, and writing costs.

General Re®, a subsidiary of Berkshire Hathaway Inc., is the holding company for global reinsurance and related operations. It owns General Reinsurance® and General Reinsurance AG, which conduct business as Gen Re.

Reinsurers play a major role for insurance companies as they allow the latter to help transfer risk, reduce capital requirements, and lower claimant payouts. Reinsurers generate revenue by identifying and accepting policies that they believe are less risky and reinvesting the insurance premiums they receive.