Top 10 Countries By U.S. Reinsurance Premiums Ceded to Unaffiliated And Affiliated Offshore Reinsurers, 2019

(US$ millions)

Unaffiliated offshore reinsurers Affiliated offshore reinsurers
Rank Country Premiums ceded Rank Country Premiums ceded
1 Bermuda $13,597 1 Bermuda $16,748
2 Germany 7,422 2 Switzerland 7,733
3 United Kingdom 6,490 3 Cayman Islands 1,215
4 Switzerland 6,355 4 Germany 975
5 Cayman Islands 4,604 5 Turks and Caicos 551
6 Turks and Caicos 2,333 6 Japan 537
7 Ireland 766 7 United Kingdom 432
8 Barbados 729 8 France 246
9 British Virgin Islands 619 9 Spain 225
10 Channel Islands 595 10 Canada 166
Total, top 10 countries    $43,509 Total, top 10 countries    $28,828
Total world   $47,083 Total world   $29,365
Source: Reinsurance Association of America.