Munich Re and Lloyd's Top AM Best's Largest Reinsurers Rankings

Industry
โดย Business Wire·GBDE·Read original
Summary · why it matters

Munich Re and Lloyd's have reached the top of AM Best's rankings of the world's largest reinsurers, driven by foreign currency gains against the U.S. dollar. Munich Re reclaimed the top position among IFRS 17 reporting reinsurers, overtaking Swiss Re, while Lloyd's moved to the top of the non-IFRS 17 ranking, surpassing Berkshire Hathaway. The rankings are part of AM Best's new market segment report on the world's 50 largest reinsurers, released ahead of the Rendez-Vous de Septembre in Monte Carlo. The top five IFRS 17 players reported a weighted combined ratio of 80.0% in 2025, down from 84.9% the prior year. Reinsurers' underwriting performance remained strong in 2025 despite some price softening, with record capital levels driven by multiple years of strong profitability.

Impact on stocks 3

Climate Adaptation & Water± Mixed · 2 stocks
Münchener Rück AG
MUV2
▲ PositiveCapitalrelevance

Reclaimed top spot in AM Best's IFRS 17 reinsurer ranking, driven by FX gains.

Swiss Re AG
SREN
▼ NegativeCompetitionrelevance

Overtaken by Munich Re in IFRS 17 ranking, losing top position.

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 1

Lloyd's of LondonPrivate▲ Positive
Capitalrelevance

Moved to top of non-IFRS 17 ranking, surpassing Berkshire Hathaway.

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