AM Best identified the best reinsurers by volume of premium income for 2023
The international rating agency AM Best compiled a list of the largest reinsurers by the volume of reinsurance premium income for 2023.
As the Ukrstrahuvanny internet resource found out, Munich Re became the leader among reinsurance companies that report under IFRS 17 with $32.9 billion. The Swiss reinsurance group Swiss Re is also the leader among companies that have not yet switched to IFRS 17 standards. Total premium income from Swiss Re reinsurance amounted to $40.5 billion.
Reinsurers Hannover Re and SCOR are in second and third place, respectively. Then – China Re, Generali, Korean Re, Canada Life Re, Sompo International, AXA XL and Peak Re.
The list of reinsurers that have not switched to IFRS 17, apart from Swiss Re, includes: Berkshire Hathaway, Lloyds, Reinsurance Group of America, Renaissance Re, Everest Re, Arch Capital Group, Partner Re, MS&AD Insurance Group and General Insurance Corp of India.