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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 (10%)
January 1, 2021
December 31, 2021
Arch Reinsurance Ltd.
CR-3194126
Secure-3 (20%)
January 1, 2020
December 31, 2020
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, 2021
December 31, 2021
Chubb Reinsurance Switzerland Ltd. ("CRSL")
*PA only
CR-1460024
Secure-2 (10%)
January 1, 2021
December 31, 2021
Chubb Tempest Reinsurance Ltd. ("CTR")
(Formerly ACE Tempest Reinsurance Ltd.)
CR-3190770
Secure-2 (10%)
January 1, 2020
December 31, 2020
DaVinci Reinsurance Ltd.
CR-3194122
Secure-4 (50%)
January 1, 2020
​December 31, 2020
Endurance Specialty Insurance Ltd.
CR-3194130
​Secure-3 (20%)
January 1, 2020
December 31, 2020
Equator Reinsurance Limited
CR-3191274
Secure-3 (20%)
January 1, 2020
December 31, 2020
Hamilton Re,  Ltd.
CR-3191190
Secure-4 (50%)
​January 1, 2020
​December 31, 2020
Hannover Life  Reassurance Company of America (Bermuda) Ltd.
​CR-3191255
​Secure-2 (10%)
​January 1, 2020
​December 31, 2020
Hannover Ruck Re SE
CR-1340125
Secure-2 (10%)
January 1, 2020 ​December 31, 2020
Hiscox Insurance Company (Bermuda) Limited
CR-3190875
Secure-3 (20%)
January 1, 2020
December 31, 2020
Liberty Specialty Markets Bermuda Limited
​CR-3190917
​Secure-3 (20%)
​January 1, 2020
​December 31, 2020
Munich Re
​CR-1340165 ​Secure-2 (10%) ​January 1, 2020
​December 31, 2020
Renaissance Reinsurance Ltd.
​CR-3190339
Secure-3 (20%)
January 1, 2020
December 31, 2020
RenaissanceRe Europe AG
​CR-1460023 ​Secure-3 (20%) January 1, 2020
​December 31, 2020
Swiss Reinsurance Company, Ltd.
CR-1460146
Secure-2 (10%)
January 1, 2020
December 31, 2020
TransRe London Limited
​CR-1120159 ​Secure-3 (20%) ​January 1, 2020 ​December 31, 2020
Underwriters at Lloyd's London
See Lloyd’s List
Secure-3 (20%)
January 1, 2020
December 31, 2020
Waterford Re, Ltd.
CR-3191250
Secure-4 (50%)
​January 1, 2020
​December 31, 2020
Wilton Reinsurance Bermuda Limited
​CR-3190878
​Secure-3 (20%)
​January 1, 2020
​December 31, 2020
XL Bermuda Ltd.
CR-3191315
Secure-3 (20%)
January 1, 2020
​December 31, 2020

Qualified Jurisdictions as of January 1, 2020:

  • 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.