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CA Department of Insurance
CA Department of Insurance
CA Department of Insurance

Certified Reinsurer Notices

Notice of Application

Pursuant to California Insurance Code section 922.41(e)(1), the California Insurance Commissioner invites members of the public to respond to Certified Reinsurer Applications submitted to the California Department of Insurance.

Interested and affected parties will have 30 days from the date notice is posted to submit written comments and responses to the certified reinsurer applications listed below. Please click on a reinsurer's name to determine when the notice was posted. The Commissioner will not take final action on an application until at least 30 days after notice was posted.


Hiscox Insurance Company Ltd.
Renaissance Reinsurance, Ltd.
Tokio Millennium Re AG
Underwriters at Lloyd's London
Wilton Reinsurance Bermuda Limited

 

Current Certified Reinsurers

Pursuant to California Insurance Code section 922.41(e)(2) and (h), the California Insurance Commissioner is required to publish a list of all certified reinsurers and their ratings.

Federal/
Alien ID
Certified Reinsurer Jurisdiction Effective Date of Initial Certification Effective Date of Renewal Certification Financial Strength Rating Lines of Business
AA-3194126 Arch Reinsurance Ltd. Bermuda Jul. 1, 2014 -
Jun. 30, 2015
Jan. 1, 2019 -
Dec. 31, 2019
Secure-3 (20%) Life, accident/health, property/casualty
AA-3190770 Chubb Tempest Reinsurance Ltd. Bermuda Jan. 1, 2014 -
Dec. 31, 2014
Jan. 1, 2019 -
Dec. 31, 2019
Secure-2 (10%) Life, property/casualty
AA-3194122 DaVinci Reinsurance Ltd. Bermuda Oct. 1, 2018 -
Dec. 31, 2018
Jan. 1, 2019 -
Dec. 31, 2019
Secure-4 (50%) Property/casualty
AA-3194130 Endurance Specialty Insurance, Ltd. Bermuda Jul. 1, 2015 -
Dec. 31, 2016
Jan. 1, 2019 -
Dec. 31, 2019
Secure-3 (20%) Property/casualty
AA-1340125 Hannover Ruck SE Germany Jan. 1, 2014 -
Dec. 31, 2014
Jan. 1, 2019 -
Dec. 31, 2019
Secure-2 (10%) Life, accident/health, property/casualty
AA-3190875 Hiscox Insurance Company, Ltd. Bermuda Jan. 1, 2017 -
Dec. 31, 2017
Jan. 1, 2018 -
Dec. 31, 2018
Secure-3 (20%) Property/casualty
AA-3190339 Renaissance Reinsurance Ltd. Bermuda Oct. 1, 2018 -
Dec. 31, 2018
  Secure-3 (20%) Property & Casualty
AA-1460021 Swiss Reinsurance Company Ltd. Switzerland Jul. 1, 2014 -
Jun. 30, 2015
Jan. 1, 2019 -
Dec. 31, 2019
Secure-2 (10%) Life, accident/health, property/casualty
AA-1460023 Tokio Millennium Re AG Switzerland Jul. 1, 2014 -
Jun. 30, 2015
Jan. 1, 2019 -
Dec. 31, 2019
Secure-3 (20%) Property/casualty
AA-1120082 Underwriters at Lloyd's London United Kingdom Jul. 1, 2015 -
Dec. 31, 2016
Jan. 1, 2019 -
Dec. 31, 2019
Secure-3 (20%) Property/casualty
AA-3191315 XL Bermuda Ltd. Bermuda Jan. 1, 2018 -
Dec. 31, 2018
Jan. 1, 2019 -
Dec. 31, 2019
Secure-3 (20%) Property/casualty


Qualified Jurisdictions

Pursuant to California Insurance Code section 922.41(g), the California Insurance Commissioner is required to publish a list of qualified jurisdictions.

Jurisdiction Effective Date
Germany, Federal Financial Supervisory Authority (BaFin) Jan. 1, 2014

 

The California Department of Insurance will also accept the NAIC's list of Qualified Jurisdictions as posted on the NAIC website, unless noted below.

 

Catastrophe Recoverables

Pursuant to section 922.41(i)(8) of the California Insurance Code, “In order to facilitate the prompt payment of claims, a certified reinsurer shall not be required to post security for catastrophe recoverables for a period of one year from the date of the first instance of a liability reserve entry by the ceding company as a result of a loss from a catastrophic occurrence that is likely to result in significant insured losses, as recognized by the commissioner.”

If a reinsurer  certified in California would like to seek a one year deferral for the lines specified in section 922.41(i)(8) due to a catastrophic occurrence it should request such deferral of security requirements from the commissioner in writing.

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