BestWeek: Global Forces Impact AM Best's 2012 Ranking of World's Top Insurers

  BestWeek: Global Forces Impact AM Best's 2012 Ranking of World's Top

Business Wire

OLDWICK, N.J. -- January 4, 2013

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 25 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

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