Catastrophe Reinsurance
Reinsurers providing property catastrophe excess-of-loss coverage.
Market snapshot
These figures describe Reinsurance (3.3.6), the segment that Catastrophe Reinsurance sits within — not Catastrophe Reinsurance on its own.
- Market size
- ~$99B
- Growth
- ~8.2%CAGR (2017–22, nominal)
- Companies
- ~650
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 524130 (Reinsurance Carriers); revenue is reinsurance premiums.
Business model & economics
Revenue model
Reinsurance premiums against ceded losses, plus investment income
Key economics
- Recurring revenue
- High
- EBITDA margin
- Combined-ratio-driven; catastrophe-exposed
- Capex intensity
- Low
renewing treaty relationships
Characteristics
- Absorbs catastrophe and large-loss risk from primary carriers.
- Rates hardened after years of catastrophe losses.
- Alternative capital (ILS) supplements traditional capacity.
Geographic concentration
Reinsurance is heavily concentrated by workforce in a handful of centers — Connecticut and Missouri above all, with New Jersey and New York — the long-standing U.S. reinsurance hubs.
U.S. Census Bureau — 2022 County Business Patterns (employment by state), NAICS 524130. Concentration shown by location quotient.
M&A deal context
Who’s acquiring
- Global reinsurers
- Bermuda & alternative-capital platforms
- Insurance-linked-securities investors
What’s driving deals
- Hardening rates restoring profitability.
- Alternative capital and ILS growth.
- Catastrophe-driven capacity dynamics.
Find Catastrophe Reinsurance acquisition targets
Search Acquisera’s index for companies classified under Catastrophe Reinsurance (3.3.6.1) and build a targeted deal pipeline.
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