Best’s Market Segment Report: Munich RE, Lloyd’s Land Atop AM Best’s “World’s 50 Largest Reinsurers” Rankings
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Based on the current year-end figures for 2025, Munich Re has reclaimed its title as the world's largest reinsurer under the IFRS 17 accounting standard. At the same time, the special insurance market Lloyd's of London displaced the US holding Berkshire Hathaway from the first place of non-IFRS-17 companies. This emerges from the recent industry ranking of the rating agency AM Best. Munich Re and Lloyd's lead global reinsurance rankings in 2025 …
Exchange rate gains compared to the US dollar have enabled the Munich Re to return to the top of the ranking of the world's largest reinsurers, compiled by the rating agency AM Best. Lloyds also benefited from the appreciation of the pound. Munich Re, in the image of its headquarters in Munich, is again at the top of the AM Best Ranking© Munich Re
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