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Certified Reinsurers

The information contained in the following list will be refreshed as changes are made. It is possible that additions or deletions that have been properly filed are not included in today's version of the list. The status of a Certified Reinsurer can be confirmed by contacting Kim Rankin; Director Bureau of Company Licensing and Financial Analysis, Pennsylvania Insurance Department, 1345 Strawberry Square, Harrisburg, Pennsylvania 17120, telephone: 717.783.6409, Fax: 717.787.8557, or email.
 
At its November 2011 Fall Annual Meeting, the NAIC adopted amendments to its Model Credit for Reinsurance Law which allow for reduced collateral for reinsurers that are financially solvent and licensed in a jurisdiction that has a well-defined regulatory framework. Pennsylvania adopted these changes via Act 136, effective on July 5, 2012. Act 136 amended 40 P.S. §442.1 to provide the commissioner the authority to “certify” reinsurers so that ceding insurers may receive credit for reinsurance ceded to duly certified reinsurers. On June 29, 2013, the amendments to chapters 161 and 163 of the department’s regulations which outline in detail the procedures to become a certified reinsurer became effective.
 
The department is accepting applications to become a certified reinsurer. The department is working in coordination with the NAIC’s Reinsurance Task Force on the designation of qualified jurisdictions and with the Reinsurance Financial Analysis Working Group to allow “passporting” of companies that have been certified in another state.

 

 

Certified Reinsurers: 

Certified Reinsurer Name ID Number Rating Effective Date Expiration Date
ACE INA Overseas Insurance Company Ltd. ("AIOIC")
CR-3194217 Secure-2 January 1, 2018 ​December 31, 2018
Chubb Tempest Reinsurance Ltd. ("CTR")
(Formerly ACE Tempest Reinsurance Ltd.)
CR-3190770 Secure-2 January 1, 2018 December 31, 2018
Equator Reinsurance Limited
CR-3191274 Secure-3 January 1, 2018 December 31, 2018
Chubb Reinsurance Switzerland Ltd. ("CRSL")
CR-1460024 Secure-2 January 1, 2018 December 31, 2018
 Arch Reinsurance Ltd.
CR-3194126 Secure-3 January 1, 2018 December 31, 2018
Hannover Re SE CR-1340125 Secure-2 January 1, 2018 December 31, 2018
Underwriters at Lloyd's London See Lloyd’s List Secure-3 January 1, 2018
December 31, 2018
Swiss Reinsurance Company Ltd.
CR-1460146 Secure-2 January 1, 2018 December 31, 2018
Munich Re
​CR-1340165 Secure-2 ​January 1, 2017
December 31, 2017
Tokio Millenium Re AG
CR-1460023 Secure-3 January 1, 2018
December 31, 2018
TransRe London Limited
​CR-1120159 ​Secure-3 ​January 1, 2018 ​December 31, 2018
Hiscox Insurance Company (Bermuda) Ltd. CR-3190875
Secure-3
January 1, 2018
December 31, 2018
Canada Life International Re DAC "Canada Life"
CR-1784122 ​Secure-3 ​January 1, 2018 ​December 31, 2018

Qualified Jurisdictions as of March 1, 2018:

  • Bermuda-The Bermuda Monetary Authority (BMA) 
  • Central Bank of Ireland (Central Bank)
  • Financial Services Agency of Japan (FSA)
  • France: Autorité Contrôle Prudentiel et de Résolution (ACPR)
  • Germany: German Federal Financial Supervisory Authority (BaFin)
  • Switzerland-The Swiss Financial Market Supervisory Authority (FINMA)
  • United Kingdom-The Prudential Regulation Authority of the Bank of England (PRA)