Revealing the Top Reinsurance Companies

A typical policyholder gives little thought to reinsurance companies, if any at all. For those actually in the industry, however, names of the top reinsurance companies are well-known. Leaders in reinsurance provide not only financial relief but also provide research and prospective information that’s extremely valuable. Most of the top reinsurance companies are often in the news and provide timely and informative reports. Each sector of insurance has at least one leading reinsurance company.

Swiss Re

Most recently, Swiss Re has made headlines due to the tsunami and earthquake in Japan. Coinciding with that catastrophe, there were several others that have put Swiss Re in the news. It is heavily involved in farming and agricultural investments and risk management. Swiss Re is a global player in implementing programs and other means of risk management, including helping to make communities more resilient to disasters.

Munich Re

Acting as both a primary and reinsurance company, Munich Re sets its sites on the future. With a primary focus on life insurance and reinsurance, Munich Re incorporates many aspects of the insurance business. It also is vocal and active concerning catastrophes and quality of life. The business approach for Munich Re is corporate responsibility in action. They’re a top business model that applies both action and reaction to risk management.

Gen Re

Gen Re focuses on life and health areas of insurance, as well as property and casualty. Acting in both the North American and international sectors, Gen Re provides resources and information routinely to those in the insurance industry. In February 2011, Gen Re announced John V. Najarian as the new vice president for risk management for the Group & Specialty Reinsurance Division. Gen Re is a leader in the industry and is a Berkshire Hathaway company.

Berkshire Hathaway

Berkshire Hathaway is a household name. Warren Buffett, founder of Berkshire Hathaway, is considered a genius in financial dealings. Those reinsurers under Berkshire Hathaway include Gen Re, mentioned above. A leader in the casualty/property sector, its list of credits includes Geico, National Indemnity, Applied Underwriters and Medical Protective Company. Truly a leader in not only insurance business models, Berkshire Hathaway is renowned for financial expertise in general.

Lloyds of London

Another well-known and established name in insurance is Lloyds. Lloyds is actually a market, which matches its syndicates with clients. While Lloyds is not an insurance company, it is collectively a leader when it comes to reinsurance. It specializes in risks that are difficult to place anywhere else. Lloyds covers the policies that are unavailable elsewhere because of the value and risk involved. This makes them the elite of reinsurance.

The above-mentioned names make the news on a regular basis. The noteworthiness of their impact is, if not seen, certainly felt by insurance policyholders everywhere. Those in the insurance industry recognize these names as those among the top reinsurance companies in the world.