|[January 04, 2013]
BestWeek: Global Forces Impact AM Best's 2012 Ranking of World's Top Insurers
OLDWICK, N.J. --(Business Wire)--
A.M. Best's annual ranking of the world's largest insurers reflects the
impact of growth in Asia; the eurozone crisis and lackluster economies.
The ranking in all three editions of this week's BestWeek has
Japan Post Insurance Co. Ltd. and Axa S.A. holding their positions as
the largest insurers as ranked by 2011 total non-banking assets and 2011
net premiums written.
Four Japanese companies are now in the top 10 as measured by net
premiums written, representing the greatest presence of any single
country. Japan Post moved up from fifth to third place; National Mutual
Insurance Federation held steady in sixth place; Nippon Life jumped from
12th-largest to seventh and Meiji Yasuda Life jumped from 20th to eighth.
U.S.-based American International Group, which had been selling off
assets to pay back its 2008 U.S. federal bailout, continued to shrink,
dropping 13.7% in net premiums written and falling from the 13th-largest
to the 19th-largest by net premiums written, and dropping 18.7% in
assets to fall from the fifth to the eighth-largest. MetLife Inc. joined
the top 2 companies as ranked by net premiums written.
A.M. Best gives its 2013 rating outlooks for the commercial, personal
lines, reinsurance, health and life & annuity sectors. BestWeek
U.S./Canada offers in-depth commentary.
The Jan. 1 tax deal struck to avoid going over the so-called fiscal
cliff is receiving qualified industry support. BestWeek
U.S./Canada looks at how the deal avoids tax hikes on a significant
portion of insurance professionals, provides certainty on the estate
tax and extends so-called "doc fix" affecting reimbursements for
physicians who treat Medicare patients.
BestWeek is published by A.M. Best Co. for insurance
professionals. To subscribe, visit www.ambest.com/sales/BestWeek.
BestWeek can be accessed on iPads and mobile devices www.bestweek.com.
Go to www.bestweek.com
on your iPad or mobile device, click on the BestWeek edition.
Founded in 1899, A.M. Best Co. is the world's oldest and most
authoritative insurance rating and information source. For more
information, visit www.ambest.com.
Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS
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