Largest 50 U.S. buyers of reinsurance.
Largest 50 U.S. Buyers of Reinsurance
Rank is based on premiums ceded to non-affiliates.
($ Thousands)
A.M. Best
Company/
Group Ceded 2004 Ceded to
Number Group or Company Name Rank Non-Affiliates
18540 American International Grp Inc 1 $5,523,370
18549 Zurich Financial Svcs NA Group 2 3,696,260
18647 St. Paul Travelers Cos 3 3,484,925
18498 ACE INA Group 4 3,453,471
18313 CNA Insurance Companies 5 3,221,896
00060 Liberty Mutual Insurance Cos 6 2,893,261
00048 Hartford Insurance Group 7 1,609,700
04835 Great American P&C Ins Group 8 1,503,781
18492 HDI U S Group 9 1,229,590
00012 Chubb Group of Insurance Cos 10 1,123,865
18499 Assurant Solutions 11 1,119,724
18490 White Mountains Insurance Grp 12 987,768
18491 XL America Group 13 951,195
05987 Nationwide Group 14 898,563
00088 State Farm Group 15 892,581
18429 Allianz of America, Inc 16 832,765
18502 FM Global Group 17 806,194
18572 GE Global Insurance Group 18 770,776
18188 Centurion Insurance Group 19 723,143
18421 HCC Insurance Holdings 20 645,472
18640 Alleghany Insurance Holdings 21 641,102
00734 Old Republic General Group 22 620,234
10360 Old American Cty Mut Fire 23 522,714
03341 Aon Corporation Group 24 509,357
02962 Southern Farm Bureau Group 25 488,811
18484 Arch Capital Group (U.S.) 26 484,218
18019 State National Companies 27 454,787
18570 Home State Insurance Group 28 442,079
00008 Allstate Insurance Group 29 441,664
04655 W. R. Berkley Group 30 436,720
03116 Fairfax Financial (USA) Group 31 435,733
18131 Bristol West Insurance Group 32 418,720
18554 Poe Insurance Group 33 384,777
18222 OBE Re Group--US 34 372,657
05681 Vesta Insurance Group 35 365,048
18606 Fidelity National Group 36 347,041
00114 Farmers Alliance Companies 37 342,877
18468 Markel Corporation Group 38 339,898
18371 Royal & SunAlliance USA 39 329,527
00032 Farmers Insurance Group 40 317,322
00780 Progressive Insurance Group 41 315,953
00811 Berkshire Hathaway Ins Group 42 312,654
18603 AXIS Insurance Group 43 310,697
18431 GMAC Insurance Group 44 300,944
00178 Atlantic Mutual Companies 45 289,200
04080 USAA Group 46 282,305
18259 American Re Corporation Group 47 272,943
04028 State Comp Ins Fund of CA 48 266,739
02966 Commerce Group Inc 49 255,306
00476 Philadelphia Insurance Group 50 253,846
Total US PC Industry $67,960,012
A.M. Best
Company/
Group 2003 Ceded to %
Number Group or Company Name Non-Affiliates Change
18540 American International Grp Inc $7,274,648 -24.07
18549 Zurich Financial Svcs NA Group 4,617,173 -19.95
18647 St. Paul Travelers Cos 4,190,564 -16.84
18498 ACE INA Group 2,273,143 51.92
18313 CNA Insurance Companies 5,299,615 -39.21
00060 Liberty Mutual Insurance Cos 3,138,120 -7.80
00048 Hartford Insurance Group 1,994,904 -19.31
04835 Great American P&C Ins Group 1,626,018 -7.52
18492 HDI U S Group 1,537,355 -20.02
00012 Chubb Group of Insurance Cos 1,387,320 -18.99
18499 Assurant Solutions 1,256,800 -10.91
18490 White Mountains Insurance Grp 862,988 14.46
18491 XL America Group 1,089,507 -12.69
05987 Nationwide Group 419,260 114.32
00088 State Farm Group 834,174 7.00
18429 Allianz of America, Inc 382,249 117.86
18502 FM Global Group 831,161 -3.00
18572 GE Global Insurance Group 820,534 -6.06
18188 Centurion Insurance Group 392,223 84.37
18421 HCC Insurance Holdings 647,493 -0.31
18640 Alleghany Insurance Holdings 370,123 73.21
00734 Old Republic General Group 559,558 10.84
10360 Old American Cty Mut Fire 413,642 26.37
03341 Aon Corporation Group 646,709 -21.24
02962 Southern Farm Bureau Group 435,216 12.31
18484 Arch Capital Group (U.S.) 326,035 48.52
18019 State National Companies 360,096 26.30
18570 Home State Insurance Group 392,961 12.50
00008 Allstate Insurance Group 356,777 23.79
04655 W. R. Berkley Group 561,513 -22.22
03116 Fairfax Financial (USA) Group 790,572 -44.88
18131 Bristol West Insurance Group 385,227 8.69
18554 Poe Insurance Group 209,301 83.84
18222 OBE Re Group--US 355,696 4.77
05681 Vesta Insurance Group 345,493 5.66
18606 Fidelity National Group 222,491 55.98
00114 Farmers Alliance Companies 318,974 7.49
18468 Markel Corporation Group 429,857 -20.93
18371 Royal & SunAlliance USA 2,174,265 -84.84
00032 Farmers Insurance Group 3,803,526 -91.66
00780 Progressive Insurance Group 274,450 15.12
00811 Berkshire Hathaway Ins Group 340,268 -8.12
18603 AXIS Insurance Group 156,722 98.25
18431 GMAC Insurance Group 312,484 -3.69
00178 Atlantic Mutual Companies 308,649 -6.30
04080 USAA Group 258,944 9.02
18259 American Re Corporation Group 325,201 -16.07
04028 State Comp Ins Fund of CA 160,597 66.09
02966 Commerce Group Inc 217,834 17.20
00476 Philadelphia Insurance Group 306,632 -17.21
Total US PC Industry $77,681,597 -12.51
A.M. Best
Company/ Business Ceded
Group Net Reinsurance
Number Group or Company Name Retention % Leverage * %
18540 American International Grp Inc 81.73 155.25
18549 Zurich Financial Svcs NA Group 52.14 390.32
18647 St. Paul Travelers Cos 84.62 131.87
18498 ACE INA Group 54.93 548.69
18313 CNA Insurance Companies 65.54 236.32
00060 Liberty Mutual Insurance Cos 78.89 159.02
00048 Hartford Insurance Group 83.22 66.43
04835 Great American P&C Ins Group 58.83 209.32
18492 HDI U S Group 20.96 999.99
00012 Chubb Group of Insurance Cos 90.14 59.20
18499 Assurant Solutions 48.64 338.32
18490 White Mountains Insurance Grp 76.98 112.18
18491 XL America Group 18.88 670.89
05987 Nationwide Group 94.07 35.67
00088 State Farm Group 98.17 9.41
18429 Allianz of America, Inc 75.36 207.94
18502 FM Global Group 73.92 67.28
18572 GE Global Insurance Group 85.20 90.98
18188 Centurion Insurance Group 40.13 271.14
18421 HCC Insurance Holdings 52.26 270.77
18640 Alleghany Insurance Holdings 57.21 174.06
00734 Old Republic General Group 75.91 136.80
10360 Old American Cty Mut Fire 8.77 999.99
03341 Aon Corporation Group 57.62 368.30
02962 Southern Farm Bureau Group 80.27 17.97
18484 Arch Capital Group (U.S.) 11.10 999.99
18019 State National Companies 14.84 999.99
18570 Home State Insurance Group 7.50 999.99
00008 Allstate Insurance Group 98.33 20.15
04655 W. R. Berkley Group 90.34 56.59
03116 Fairfax Financial (USA) Group 85.78 152.07
18131 Bristol West Insurance Group 49.51 273.88
18554 Poe Insurance Group 24.31 999.99
18222 OBE Re Group--US 57.16 227.38
05681 Vesta Insurance Group 34.67 462.52
18606 Fidelity National Group 20.02 999.99
00114 Farmers Alliance Companies 32.63 390.11
18468 Markel Corporation Group 81.65 94.01
18371 Royal & SunAlliance USA 35.14 462.50
00032 Farmers Insurance Group 80.40 79.45
00780 Progressive Insurance Group 97.69 17.62
00811 Berkshire Hathaway Ins Group 98.11 4.42
18603 AXIS Insurance Group 32.94 278.46
18431 GMAC Insurance Group 90.59 61.47
00178 Atlantic Mutual Companies 17.11 287.48
04080 USAA Group 96.60 7.98
18259 American Re Corporation Group 45.08 178.30
04028 State Comp Ins Fund of CA 96.75 19.58
02966 Commerce Group Inc 87.03 46.08
00476 Philadelphia Insurance Group 78.36 116.32
Total US PC Industry 82.42 81.60
Ceded reinsurance (premiums + recoverables) as a % of surplus
Ratios larger than positive 999.99 or negative 99.99 will be shown
as 999.99 or -99.99
Source: A. M. Best Co.
COPYRIGHT 2005 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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