Our 2025 P&C Re Brand Rankings highlight the leading reinsurers across Latin America.

2025 P&C Re brand highlights

• Munich Re continues to be the top-ranked reinsurer brand, a position it has held since the inception of our Study
• Seven of the Top 10 reinsurers had lifts in brand ratings year-on-year, translating to ranking gains (+1) for Lloyd’s, Everest Re and Liberty Mutual Re
• Patria Re is again the leading regional brand, holding firm in the Top 10
• IRB(Re) consolidated its position within the Top 15 and is the only reinsurer to achieve ranking uplifts in two consecutive years
• Over five years, Austral Re has been the biggest mover, rising +9 places to enter the Top 20, followed by MS Re (up +5 places)

Exhibit 1: 2025 P&C Re Brand Rankings – Latin America Top 20

NMG Consulting’s P&C Reinsurance Brand Rankings offer insight into brand performance, derived from the evaluation of reinsurers in NMG’s annual Study of the P&C Reinsurance market which includes feedback from over 2,000 re/insurance executives globally. Factors evaluated include the unaided perspectives of insurers and reinsurance brokers as to the ‘best-quality’ reinsurer brands overall, as well as any distinct preferences for specialist expertise at the line of business level.