In this piece, we will take a look at the five biggest reinsurance companies in the world. For more reinsurance companies head on over to 20 Biggest Reinsurance Companies in the World.
5. SCOR SE (EPA:SCR.PA)
Gross Reinsurance Premiums Written in 2021: $19.93 billion
SCOR SE (EPA:SCR.PA) is a French company that was set up in 1970 and is headquartered in Paris, France. The firm has two separate business divisions for property reinsurance and life reinsurance. Its products cover a diverse set of industries such as aviation, energy, agriculture, catastrophe, and political and credit risks. SCOR SE (EPA:SCR.PA)’s life insurance business division covers different kinds of life insurance policies and provides specialized consolidation services as well.
4. Canada Life Re
Gross Reinsurance Premiums Written in 2021: $23.55 billion
Canada Life Re is the reinsurance arm of The Canada Life Assurance Company. The firm has operations in the U.S. and Canada, as well as offices in Ireland, Bermuda, and Barbados. It is also one of the relatively younger firms on our list, since it was set up in 1989. Canada Life Re has $252 billion in assets for Canada Life, and it offers a variety of reinsurance products such as longevity, structured, and property and casualty.
3. Hannover Rück SE
Gross Reinsurance Premiums Written in 2021: $31.44 billion
Hannover Rück SE is a German firm based in Hannover, Germany. It is the parent group of Hannover Re, one of the largest reinsurance firms in the world. It has offices in 18 countries in regions including Asia, Australia, North and South America, and Europe. The firm provides both property and casualty and life and health reinsurance products. Hannover Rück SE’s life and health division is larger and has 26 offices in different countries.
2. Swiss Re AG (OTCMKTS:SSREY)
Gross Reinsurance Premiums Written in 2021: $39.20 billion
Swiss Re AG (OTCMKTS:SSREY) is a Swiss company headquartered in Zurich, Switzerland. The firm was set up in 1863. Swiss Re AG (OTCMKTS:SSREY) has more than ten thousand workers all over the world and offices in 80 locations. Most of its offices are located in Europe, in countries including Denmark, France, Germany, Spain, and the U.K. Alongside these, the reinsurance provider also has a presence in Brazil, the U.S., Australia, Hong Kong, India, and Japan. It provides both property and casualty and life and health reinsurance products. Some sectors covered include aviation, agriculture, cyber, and liability.
1. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (ETR:MUV2.DE)
Gross Reinsurance Premiums Written in 2021: $46.84 billion
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (ETR:MUV2.DE), commonly known as the Munich Reinsurance Company, is a German company headquartered in Munich, Germany. The firm is another century-old reinsurance provider since it was set up in 1880. Munich Reinsurance provides life and health reinsurance products along with other services such as analytics.
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