SNL Financial published a list of the top 15 global reinsurers last week, showing the major European reinsurers in the top four spots.
The ranking is based on 2014 assumed reinsurance premiums for both non-life and life businesses.
SNL’s analysis indicates that XL Group moved into the top 15 when it merged with Catlin in May. PartnerRe, which holds an 11th place ranking based on 2014 premiums could move into the top 10鈥攊nto eighth place鈥攊f a proposed deal with AXIS Capital Holdings is completed, SNL notes.
But neither deal reaches high enough to move the big four European players鈥擬unich Re, Swiss Re, Hannover Re, and SCOR SE鈥攐ut of their leadership positions.
A comparison of the SNL ranking with one (based on 2013 life and non-life premiums, republished below) reveals that Lloyd’s has moved down in the ranking鈥攆rom fourth place to sixth鈥攅clipsed by both SCOR and Berkshire Hathaway.
Source: SNL, A.M. Best (September 8, 2014 Special Report titled, “How Relevant Is The Underwriting Cycle?”)
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