Munich Re Group Changing Gear gg
Munich Re Group Changing Gear gg
Munich Re Group Changing Gear gg
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Backup: <strong>Re</strong>insurance<br />
<strong>Re</strong>insurance peer group<br />
<strong>Re</strong>insurers ranked by net reinsurance premiums written<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong><br />
Rank Company Country Net reinsurance premiums written<br />
Combined ratio<br />
US$ m<br />
%<br />
2007 2007<br />
1 <strong>Munich</strong> <strong>Re</strong> Germany 30,293 96.5<br />
2 Swiss <strong>Re</strong> Switzerland 27,707 92.3<br />
3 Berkshire Hathaway <strong>Re</strong> U.S. 17,398 87.7<br />
4 Hannover <strong>Re</strong> Germany 10,630 100.3<br />
5 Lloyd’s1,2 U.K. 8,363 81.7<br />
6 SCOR France 7,872 99.3<br />
7 <strong>Re</strong>insurance <strong>Group</strong> of America Inc. U.S. 4,906 N.M.<br />
8 Transatlantic Holdings Inc. U.S. 3,953 95.2<br />
9 Everest <strong>Re</strong> Bermuda 3,919 91.6<br />
10 Partner <strong>Re</strong> Bermuda 3,757 80.4<br />
11 Tokio Marine <strong>Group</strong>1 Japan 2,936 N.A.<br />
12 Korean <strong>Re</strong> Korea 2,797 100.4<br />
13 XL <strong>Re</strong> Bermuda 2,781 84.0<br />
14 Transamerica <strong>Re</strong> (Aegon) U.S. 2,173 N.M.<br />
15 Odyssey <strong>Re</strong> U.S. 2,089 95.5<br />
16 General Ins. Corp. of India India 2,085 112.8<br />
17 Sompo Japan Insurance Ltd. Japan 1,837 N.A.<br />
18 Mitsui Sumitomo Insurance Co. Ltd. Japan 1,806 N.A.<br />
19 White Mountains <strong>Re</strong> <strong>Group</strong> Bermuda 1,752 97.4<br />
20 Caisse Central de Réassurance France 1,643 49.9<br />
Total Top 20 140,697<br />
1 Net premiums written and combined ratio relate to reinsurance business only.<br />
2 The data presented is based on the published pro-forma accounts for the Market, which represent an a<strong>gg</strong>regation of all syndicates participating at Lloyd´s. As such, some premium<br />
included for Lloyd´s may also be included by other groups in this list that consolidate their Lloyd´s operations.<br />
Source: Standard & Poor's Global <strong>Re</strong>insurance Highlights, 2008 Edition.<br />
Backup: <strong>Re</strong>insurance<br />
<strong>Re</strong>insurance peer group<br />
Selected reinsurers' KRW losses – Value of diversification<br />
Company Shareholders' equity1 Estimated KRW net loss KRW loss as % of shareholders' equity<br />
US$ m<br />
US$ m<br />
PXRE <strong>Group</strong> 763 856 112.2<br />
Montpelier p <strong>Re</strong> 1,463 1,203 82.2<br />
IPC Holdings 1,743 1,005 57.6<br />
Platinum <strong>Re</strong> 1,273 530 41.6<br />
Endurance 1,987 802 40.3<br />
Aspen 1,608 595 36.9<br />
AXIS 3,167 1,124 35.4<br />
Everest <strong>Re</strong> 4,082 1,359 33.2<br />
<strong>Re</strong>naissance<strong>Re</strong> 2,823 892 31.5<br />
Lloyd’s 20,709 6,406 30.9<br />
Partner<strong>Re</strong> 3,482 900 25.8<br />
Hannover <strong>Re</strong> 3,445 758 22.0<br />
Arch Capital 2,503 381 15.2<br />
<strong>Munich</strong> <strong>Re</strong> 26,608 2,605 9.7<br />
Swiss <strong>Re</strong> 17,135 1,672 9.7<br />
1 As of June 30, 2005.<br />
Source: Standard & Poor's Global <strong>Re</strong>insurance Highlights, 2007 Edition.<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – October 2008<br />
36<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – October 2008<br />
37
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