TOP 20 Reinsurance Companies in Bermuda

2023 Reinsurance companies by S&P is based on survey responses from reinsurance organizations in Bermuda. The premium data relates to a company’s reinsurance premiums written but, in some cases, other metrics will include both primary and reinsurance business.

The main group and country listing for each entity surveyed is representative of that group or company’s total reinsurance business written, whether it be life, non-life, or a combination of both.

According to Beinsure Data, Bermuda reinsurers expected improved underwriting performance in 2023 will be driven by accelerating premium rates with a market reset in pricing, terms and conditions, even amid heightened catastrophe losses, inflation and economic uncertainties.

TOP 20 Largest Reinsurance Companies in Bermuda

ReinsurerNet Re premiums written, $mnChange %Pretax income, $mnCombined ratio, %
1. Sompo International Holdings3,415,611,2N,A,N,A,
2. Partner Re Company Ltd3,194,615,0N,A,90,6
3. Arch Re2,311,137,8900,893,9
4. Renaissance Re2,099,838,7N,A,93,8
5. Everest Re (Bermuda)2,088,145,3787,575,8
6. Ascot Group Limited1,981,652,5-24,497,4
7. Hannover Re Bermuda1,172,085,2511,469,1
8. Allied World Assurance Company Holdings1,106,126,619,1101,1
9. Chubb Tempest Re873,119,5259,8108,7
10. Qatar Re767,6-16,0-202,7124,8
11. DaVinci Re682,231,4N,A,117,6
12. Fidelis Insurance Bermuda672,413,624,7N,A,
13. SiriusPoint Bermuda Insurance Company424,3N,A,-104,6121,5
14. International General Insurance382,613,177,277,6
15. Aspen Bermuda372,254,1-76,7126,7
16. Convex Re Limited363,3105,7-80,2128,1
17. Lancashire Insurance290,4130,2-14,6114,9
18. Markel Bermuda156,19,1-44,5125,7
19. Hiscox Insurance (Bermuda)150,650,629,350,4
20. Vermeer Re96,810,2N,A,59,2
Source: S&P Global Ratings

Bermuda Reinsurance Market has grown up in the last 20 years in response to market needs for greater worldwide access to property and casualty insurance and reinsurance.

These large carriers are regulated under a separate and distinct set of requirements with a regulatory framework designed to meet international regulatory standards commensurate with their size and market scope.

Ongoing aim in producing this data is to provide market participants with an indication of the ongoing reinsurance capacity available in each market. Hence, we try to exclude intragroup reinsurance, as far as possible. Companies that have not been able to exclude intragroup reinsurance are highlighted in the footnotes.


Fact-checked by Oleg Parashchak – Editor-in-Chief Beinsure Media, CEO Finance Media Holding