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An S&P Global Ratings report names the year's top reinsurers, ranked by net premiums written.

The storm shifted to Floridas Gulf Coast over the weekend, sparing Miami a direct hit and prompting risk modeler AIR Worldwide to say the maximum cost for insurers on Irma is $40 billion.

Hannover Re, the worlds fourth-largest reinsurer, may increase the proportion of profit distributed to shareholders after full-year earnings increased by 17%.

Hannover Re rose the most in more than two years after saying it will pay a special dividend and fourth-quarter profit climbed more than analysts estimated.

Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look past the price cuts these investors have inflicted on traditional catastrophe coverage.

Hannover Re said second-quarter profit rose 10%, helped by a lower level of large claims and higher life reinsurance earnings.

Hannover Re, the worlds third-biggest reinsurer, reported that first-quarter profit was little changed as rates charged by the industry remain under pressure.

Hannover Re expects to face claims totaling around $42.6 million from the apparent loss of a Malaysia Airlines' jet over the weekend, the reinsurer's chief executive said on Tuesday.