Executive Summary 

Welcome to the latest edition of our report series tracking the financial performance of leading reinsurance carriers in the global market, also known as Aon’s Reinsurance Aggregate (‘the ARA’).

The ARA underwrites more than 50% of the world’s life and non-life reinsurance premiums and is therefore viewed as a reasonable proxy for the sector as a whole.

The 21 companies included in the study are Alleghany, Arch, Aspen, AXIS, Beazley, Everest Re, Fairfax, Hannover Re, Hiscox, Lancashire, Mapfre, Markel, Munich Re, PartnerRe, QBE, Qatar Insurance, RenRe, SCOR, Swiss Re, SiriusPoint and W.R. Berkley. Argo is no longer covered, due to the limited volumes of assumed reinsurance business now being written.