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.

TOP 20 Largest Reinsurance Companies in Bermuda

ReinsurerNet Re premiums written, $mnChange %Pretax operating 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

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.