Germany has 670 insurers registered with the federal financial supervisor BaFin, 73 of them are registered in Cologne, another 60 have branch offices, and more than 20 international groups are present in the city. Warren Buffett’s reinsurer Gen Re runs its global operations outside the US from its base in Cologne.
Axa has its multi-billion German business here. Scor operates an important hub. Newline already runs a branch in Cologne and announced to set up its new European Union base in the city, while brokers Howden are present with Dual, an important D&O underwriter. US life reinsurance specialist the Reinsurance Group of America has based its German centre in Cologne, as have Liberty Mutual, W.R. Berkley, CNA/HARDY, RSA, Starstone and XL Catlin.
The Japanese insurer MSIG with its Continental European headquarters is another player in the international insurance centre of Cologne. Marine specialist Köln Assekuranz, part of Munich Re, also successfully operates out of the city.