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 emailing RA-IN-REINSR-APP@pa.gov.
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 (10%)
| January 1, 2023
| December 31, 2023
|
Arch Reinsurance Ltd
| CR-3194126
| Secure-3 (20%)
| January 1, 2023
| December 31, 2023
|
Canada Life International Re DAC "Canada Life"
| CR-1784122
| Secure-3 (20%)
| January 1, 2018
| December 31, 2018
|
Chubb European Group SE
| CR-1320152
| Secure-2 (10%)
| January 1, 2023
| December 31, 2023
|
Chubb Reinsurance Switzerland Ltd. ("CRSL")
*PA only
| CR-1460024
| Secure-2 (10%)
| January 1, 2023
| December 31, 2023
|
Chubb Tempest Reinsurance Ltd. ("CTR")
(Formerly ACE Tempest Reinsurance Ltd.)
| CR-3190770
| Secure-2 (10%)
| January 1, 2023
| December 31, 2023
|
DaVinci Reinsurance Ltd.
| CR-3194122
| Secure-4 (50%)
| January 1, 2022
| December 31, 2022
|
Endurance Specialty Insurance Ltd
| CR-3194130
| Secure-3 (20%)
| January 1, 2023
| December 31, 2023
|
Equator Reinsurances Limited
| CR-3191274
| Secure-3 (20%)
| January 1, 2022
| December 31, 2022
|
Fidelis Insurance Bermuda Limited
| CR-3191289
| Secure-4 (50%)
| January 1, 2022
| December 31, 2022
|
Fidelis Underwriting Limited
| CR-1120175
| Secure-4 (50%)
| January 1, 2023
| December 31, 2023
|
Hamilton Re, Ltd.
| CR-3191190
| Secure-4 (50%)
| January 1, 2023
| December 31, 2023
|
Hannover Life Reassurance Company of America (Bermuda) Ltd.
| CR-3191255
| Secure-2 (10%)
| January 1, 2022
| December 31, 2022
|
Hannover Ruck SE of Hannover, Germany
|
CR-1340125
|
Secure-2 (10%)
|
January 1, 2022 |
December 31, 2022 |
Hiscox Insurance Company (Bermuda) Limited
| CR-3190875
| Secure-3 (20%)
| January 1, 2023
| December 31, 2023
|
Liberty Specialty Markets Bermuda Limited
| CR-3190917
| Secure-3 (20%)
| January 1, 2021
| December 31, 2021
|
MS Amlin AG
| CR-1460019
| Secure-3 (20%)
| January 1, 2022
| December 31, 2022
|
Munich Re
|
CR-1340165 |
Secure-2 (10%) |
January 1, 2022
|
December 31, 2022 |
Renaissance Reinsurance Ltd.
| CR-3190339
| Secure-3 (20%)
| January 1, 2022
| December 31, 2022
|
RenaissanceRe Europe AG
|
CR-1460023 |
Secure-3 (20%) |
January 1, 2022
|
December 31, 2022 |
Somers Re Ltd.
| CR-3191250
| Secure-4 (50%)
| January 1, 2022
| December 31, 2022
|
Somerset Reinsurance Ltd.
| CR-3191332
| Secure-5 (75%)
| January 1, 2021
| December 31, 2021
|
Swiss Reinsurance Company, Ltd.
| CR-1460146
| Secure-2 (10%)
| January 1, 2022
| December 31, 2022
|
TransRe London Limited
|
CR-1120159 |
Secure-3 (20%) |
January 1, 2023 |
December 31, 2023 |
Underwriters at Lloyd's London
| See Lloyd’s List
| Secure-3 (20%)
| January 1, 2021
| December 31, 2021
|
Wilton Reinsurance Bermuda Limited
| CR-3190878
| Secure-3 (20%)
| January 1, 2023
| December 31, 2023
|
XL Bermuda Ltd.
| CR-3191315
| Secure-2 (10%)
| January 1, 2023
| December 31, 2023
|
| | | | |
Qualified Jurisdictions as of January 1, 2023:
- Bermuda: The Bermuda Monetary Authority (BMA)
- Ireland: Central Bank of Ireland (Central Bank)
- Japan: Financial Services Agency (FSA)
- France: Autorité Contrôle Prudentiel et de Résolution (ACPR)
- Germany: German Federal Financial Supervisory Authority (BaFin)
- Switzerland: Financial Market Supervisory Authority (FINMA)
- United Kingdom: Prudential Regulation Authority of the Bank of England (PRA)
- All United States jurisdictions that meet the requirement for accreditation under the National Association of Insurance Commissioners (NAIC) financial standards and accreditations program. See the most recent Accredited United States Jursidictions list maintained by the NAIC.