Best’s Market Segment Report: Munich Reinsurance Company Reclaims Top Spot in A.M. Best’s Top 50 Ranking of Global Reinsurers
Berkshire Hathaway Inc. moved up two spots from last year’s ranking to No. 3, pushing Hannover Rück SE and
The bottom half of the Top 10 positions remained unchanged from the previous year. Overall, the Top 10 reinsurance groups make up slightly more than 70% of the total gross premium written in the Top 50 ranking. “The amount of gross premiums written by the Top 10 in A.M. Best’s ranking reinforces the sentiment that the industry’s largest reinsurers continue house disproportionately sizable amounts of risk, despite cedants’ efforts to diversify their reinsurance panels and spread out their counterparty risk,” said
Merger and acquisition activity continues to influence the rankings, including the most dramatic change in the 2018 ranking, as Sompo Holdings, Inc. jumped from No. 22 from No. 46. Year-end 2017 was the first year that
The Top 50 reinsurance groups recorded an average combined ratio in 2017 of 109.1%, mainly due to catastrophe losses. The Top 5 average combined ratio was slightly higher at 109.7%, which echoes the segment’s results and reinforces the syndicated nature of the sector.
Other highlights from this year’s report include:
- QBE Insurance Group Limited and W.R. Berkley Corporation experienced the most notable downward movements, by 14 and 7 positions, respectively;
- Two sub-rankings of top non-life and life global reinsurers, which highlights reinsurance groups that hold a true global footprint or business profile; and
- An explanation of the methodology employed by
A.M. Best to form its Top 50 Global Reinsurance ranking. - The global reinsurance report also explores the state of the insurance-linked securities market following the 2017 catastrophes, along with in-depth reviews of the Lloyd’s and life reinsurance markets, as well as geographic regions such as
Asia/Pacific ,Africa andBermuda .
To access a copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=277679.
A video interview with A.M. Best Associate Director
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