The Reinsurers Are Coming!

In most instances, when A.M. Best issues its Top 200 U.S Property/Casualty Writers results, there is some jockeying for position — up or down a position or two.

However, the 2018 results issued in July 2019 revealed something that literally flew off the page. One insurer moved up 28 positions, another 29 and a third a staggering 121 positions.

While the upward movement is interesting in and of itself, it was who the insurers are that really caught my attention — reinsurers! Swiss Re jumped 28 spots, Everest Re 29 and Arch 121. And Munich Re is already at number 18. Now, it is easy to rationalize these position changes — mergers and acquisitions. However, it’s what lies beneath that is critical for all insurers to recognize — and changes the market’s competitive landscape in four critical areas.