Friday, August 8, 2008

Wolrd Rankings in Insurance

TOP TEN GLOBAL INSURANCE COMPANIES
BY REVENUES, 2007 (1)

($ millions)


Rank
Company
Revenues (2)
Country
Industry
1 AXA $162,762 France Life/health
2 Allianz 140,618 Germany Property/casualty
3 Berkshire Hathaway 118,245 U.S. Property/casualty
4 Assicurazioni Generali 113,813 Italy Life/health
5 American International Group 110,064 U.S. Property/casualty
6 Aviva 81,317 U.K. Life/health
7 Prudential 66,358 U.K. Life/health
8 Munich Re Group 64,774 Germany Property/casualty
9 Aegon 62,383 Netherlands Life/health
10 State Farm Insurance Cos. 61,612 U.S. Property/casualty
(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.
(2) Revenues include premium and annuity income, investment income and capital gains or losses, but exclude deposits; includes consolidated subsidiaries, excludes excise taxes.

Source: Fortune.


TOP TEN GLOBAL PROPERTY/CASUALTY INSURANCE COMPANIES
BY REVENUES, 2007 (1)

($ millions)


Rank
Company
Revenues (2)
Country
1 Allianz $140,618 Germany
2 Berkshire Hathaway 118,245 U.S.
3 American International Group 110,064 U.S.
4 Munich Re Group 64,774 Germany
5 State Farm Insurance Cos. 61,612 U.S.
6 Zurich Financial Services 55,163 Switzerland
7 Allstate 36,769 U.S.
8 Swiss Reinsurance 35,730 Switzerland
9 Millea Holdings 32,487 Japan
10 Travelers Cos. 26,017 U.S.
(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.
(2) Revenues include premium and annuity income, investment income and capital gains or losses, but exclude deposits; includes consolidated subsidiaries, excludes excise taxes.

Source: Fortune.



TOP TEN GLOBAL LIFE/HEALTH INSURANCE COMPANIES
BY REVENUES, 2007 (1)

($ millions)


Rank
Company
Revenues (2)
Country
1 AXA $162,762 France
2 Assicurazioni Generali 113,813 Italy
3 Aviva 81,317 U.K.
4 Prudential 66,358 U.K.
5 Aegon 62,383 Netherlands
6 CNP Assurances 59,071 France
7 Nippon Life Insurance 57,859 Japan
8 MetLife 53,150 U.S.
9 China Life Insurance 43,440 China
10 Dai-ichi Mutual Life Insurance 39,863 Japan
(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.
(2) Revenues include premium and annuity income, investment income and capital gains or losses, but exclude deposits; includes consolidated subsidiaries, excludes excise taxes.


Source: Fortune.



TOP TEN GLOBAL REINSURERS
BY NET REINSURANCE PREMIUMS WRITTEN, 2006

($ millions)


Rank
Company
Net reinsurance premiums written
Country
1 Munich Re $25,432.7 Germany
2 Swiss Re (1) 23,841.1 Switzerland
3 Berkshire Hathaway Re 11,576.0 U.S.
4 Hannover Re 9,353.5 Germany
5 Lloyd's 8,445.3 U.K.
6 SCOR (2) 4,885.2 France
7 Reinsurance Group of America Inc. 4,343.0 U.S.
8 Everest Re 3,875.7 Bermuda
9 PartnerRe 3,689.5 Bermuda
10 Transatlantic Holdings Inc. 3,633.4 U.S.

(1) Does not reflect full year premiums for GE Insurance Solutions Corp., acquired June 2006.
(2) Based on a pro forma consolidation of SCOR and Revios, acquired in 2006.

Source: Standard & Poors.

In 2007 global reinsurance premium written totaled $168.0 billion, up 9.8 percent from $153.1 billion in 2006, according to Standard & Poor’s.



TOP TEN GLOBAL INSURANCE BROKERS BY REVENUES, 2007

($ millions)


Rank
Company
Brokerage revenues (1)
Country
1 Marsh & McLennan Cos. Inc. $11,281.0 U.S.
2 Aon Corp. 7,096.0 U.S.
3 Willis Group Holdings Ltd. 2,463.0 U.K.
4 Arthur J. Gallagher & Co. 1,457.2 U.S.
5 Wells Fargo Insurance Services Inc. 1,282.1 U.S.
6 Jardine Lloyd Thompson Group plc 947.3 U.K.
7 BB&T Insurance Services Inc. 877.4 U.S.
8 Hilb Rogal & Hobbs Co. 780.0 U.S.
9 Brown & Brown Inc. 757.6 U.S.
10 Lockton Cos. L.L.C. 728.2 (2) U.S.
(1) Gross revenues generated by insurance brokerage, consulting and related services.
(2) Fiscal year ending April 30.

Source: Business Insurance, July 21, 2008.
Aon is the world's largest broker based on "pure placement." This includes insurance, reinsurance and wholesale brokerage revenues, but excludes employee benefits, consulting and other income. In 2007 Aon's placement revenues were $5.75 billion, followed by Marsh & McLennan Cos. ($5.40 billion), Willis ($2.16 billion), Wells Fargo ($1.03 billion), and BB&T ($809.5 million).



THE 20 MOST COSTLY WORLD INSURANCE LOSSES, 2007 (1)

($ millions)


Rank
Date
Location
Event
Insured loss in U.S. dollars
1 Jan. 18 Germany, U.K., Netherlands, Belgium et al. Winter storm Kyrill with winds up to 190 km/h; floods $6,097
2 Jun. 25 U.K. Floods caused by heavy rain 2,488
3 Jul. 20 U.K. Floods caused by heavy rain 1,991
4 Apr. 13 U.S. Storm, rain, hail, floods 1,568
5 Oct. 21 U.S. Witch urban forest fires in California 1,100
6 Jun. 7 Australia Storm with winds up to 125 km/h, rain; floods 957
7 Jun. 6 Oman, Iran, Gulf of Oman Cyclone Gonu with winds up to 170 km/h 649
8 Aug. 23 U.S. Thunderstorms, hail; floods 500
9 Mar. 1 U.S. Storms, tornadoes, hail 500
10 Jan. 31 Indonesia Torrential rain; 70% of city of Jakarta flooded 450
11 Aug. 16 Jamaica, Mexico, Martinique et al. Hurricane Dean with winds up to 230 km/h 450
12 Oct. 28 Mexico Floods caused by heavy rain, storms 450
13 Aug. 29 Japan Typhoon Fitow/No. 9 with winds up to 140 km/h 350
14 Dec. 9 U.S. Winter storm, freezing rain, snow; power failure 340
15 Aug. 8 Switzerland, Italy, Germany Heavy rain, floods, landslides 300
16 Jul. 16 Japan Niigata earthquake (magnitude 6.6) 300
17 Jun. 15 U.K. Floods caused by heavy rain 299
18 May 4 U.S. Tornadoes, thunderstorms, hail 260
19 Mar. 2 Japan Explosion and fire at chemical plant NA
20 Dec. 21 Space Loss of helium pressure at Rascom-QAF1 satellite NA
(1) Property and business interruption losses, excluding life and liability losses.

Note: Loss data shown here may differ from figures shown elsewhere for the same event due to revisions in loss estimates.

NA=Data not available.

Source: Swiss Re, sigma, No. 1/2008; ISO, insured losses for natural catastrophes in the United States.


THE TEN MOST COSTLY WORLD INSURANCE LOSSES, 1970-2007 (1)

($ millions)


Rank
Date
Country
Event
Insured loss in 2007 U.S. dollars (2)
1 Aug. 25, 2005 Hurricane Katrina; floods, dams burst, damage to oil rigs U.S., Gulf of Mexico, Bahamas, North Atlantic $68,515
2 Aug. 23, 1992 Hurricane Andrew; floods U.S., Bahamas 23,654
3 Sep. 11, 2001 Terrorist attacks on WTC, Pentagon and other buildings U.S. 21,999
4 Jan. 17, 1994 Northridge earthquake (magnitude 6.6) U.S. 19,593
5 Sep. 2, 2004 Hurricane Ivan; damage to oil rigs U.S., Carribean: Barbados et al. 14,115
6 Oct. 19, 2005 Hurricane Wilma; torrential rain, floods U.S., Mexico, Jamaica, Haiti et al. 13,339
7 Sep. 20, 2005 Hurricane Rita; floods, damage to oil rigs U.S., Gulf of Mexico, Cuba 10,704
8 Aug. 11, 2004 Hurricane Charley U.S., Cuba, Jamaica et al. 8,840
9 Sep. 27, 1991 Typhoon Mireille/No. 19 Japan 8,599
10 Sep. 15, 1989 Hurricane Hugo US, Puerto Rico et al. 7,650
(1) Property and business interruption losses, excluding life and liability losses. Includes flood losses in the United States insured via the National Flood Insurance Program.
(2) Adjusted to 2007 dollars by Swiss Re.

Note: Loss data shown here may differ from figures shown elsewhere for the same event due to differences in the date of publication, the geographical area covered and other criteria used by organizations collecting the data.

Source: Swiss Re, sigma, No. 1/2008.



THE TEN WORST EARTHQUAKES IN TERMS OF VICTIMS (1)




Rank
Victims
Date
Event/Magnitude (2)
Place
1 255,000 1976 Earthquake (M 7.5) China
2 220,000 2004 Earthquake (Mw 9.0), tsunami in Indian Ocean Indonesia, Thailand et al.
3 73,300 2005 Earthquake (Mw 7.6); aftershocks, landslides Pakistan, India, Afghanistan
4 66,000 1970 Earthquake (M 7.7); landslides Peru
5 40,000 1990 Earthquake (M 7.7); landslides Iran
6 26,271 2003 Earthquake (M 6.5) Iran
7 25,000 1978 Earthquake (M 7.7) in Tabas Iran
8 25,000 1988 Earthquake (M 6.9) Armenia, ex "USSR"
9 22,084 1976 Earthquake (M 7.5) Guatemala
10 19,737 2001 Earthquake (M 7.6) in Gujarat India, Pakistan, Nepal et al.
(1) Based on Swiss Re's list of deadliest catastrophes, 1970-2007.
(2) M is general magnitude that indicates the strength of an earthquake at its epicentre. Mw measures the total energy released by an earthquake and is proportional to the size of the fracture surface and the displacement. The Richter magnitude ML is the maximum amplitude of the ground motion signal recorded on a standarized seismograph.

Source: Swiss Re, sigma, No. 1/2008.

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