Global reinsurance market reaches US$ 1.86 trillion in 2025

The global reinsurance market reached US$ 1.864 trillion in gross premiums in 2025, representing a 6.5% increase from the previous year. According to the 2025 Reinsurer Ranking study released by Mapfre Economics, the industry is experiencing a trend of market deconcentration as specialized groups and Bermuda-based reinsurers expand their presence.

Munich Re maintained its global leadership with US$ 55.28 billion in premiums and a 15.3% market share. Swiss Re secured second place with US$ 43.16 billion and an 11.9% share. While both companies increased their total premium volumes over the last decade, their relative market shares have declined from 2015 levels.

The top rankings for 2025 are as follows: - 3rd: Hannover Re (US$ 33.48 billion) - 4th: Berkshire Hathaway Reinsurance Group (US$ 24.57 billion) - 5th: Scor - 6th: China Reinsurance Group, which rose to sixth position.

The top ten reinsurers accounted for 68.8% of the analyzed market in 2025, down from 70.1% in 2024.