Certified Reinsurers
In 2012, Louisiana's Credit for Reinsurance statutes were amended to allow for reduced collateral for reinsurers that maintain a surplus level of no less than $250 million, maintain financial strength ratings from two or more acceptable rating agencies, and are domiciled and licensed to transact insurance or reinsurance in a qualified jurisdiction, as determined by the commissioner.
The level of collateral required corresponds to the rating assigned to the certified reinsurer by the commissioner, which is based on various factors including, but not limited to, the certified reinsurer's business practices, regulatory actions against the certified reinsurer, financial strength and the report of the independent auditor.
Certified Reinsurer Application
Form CR-1
Form CR-F;
Instructions
Form CR-S;
Instructions
Applicable Louisiana Laws
La. R.S. 22:651(E)
LAC 37:XIII.3510 (Regulation 56)
Advisory Letter 2014-02 (Qualified Jurisdictions)
Qualified Jurisdictions
Accredited US Jurisdictions
NAIC List of Qualified Jurisdictions
Applicants Seeking Certified Reinsurer Status
Notice is hereby given that, pursuant to LAC 37:XIII.3510.B.1, an application has been filed by the following applicants to act as certified reinsurers in the state of Louisiana:
| Federal/Alien ID |
Applicant Name |
Jurisdiction |
Application Date |
Notice Date |
Comment Deadline |
|
|
|
|
|
|
All interested persons are invited to submit written comments in connection with the proposed applications within thirty days following publication of this notice to:
Louisiana Department of Insurance P.O. Box 94214 Baton Rouge, LA 70804 Attn: Office of Financial Solvency
Listing of Certified Reinsurers
| Federal/Alien ID |
Certified Reinsurer Name |
Jurisdiction |
Rating |
Effective Date |
| AA-3194126 |
Arch Reinsurance Ltd |
Bermuda |
Secure-3 |
10/1/2014 |
| AA-1320152 |
Chubb European Group SE |
France |
Secure-2 |
2/2/2021 |
| AA-3190770 |
Chubb Tempest Reinsurance Ltd |
Bermuda |
Secure-2 |
12/9/2014 |
| AA-3194130 |
Endurance Specialty Insurance Ltd. |
Bermuda |
Secure-3 |
2/5/2016 |
| AA-3191289 |
Fidelis Insurance Bermuda Limited |
Bermuda |
Secure-4 |
12/6/2021 |
| AA-1120175 |
Fidelis Underwriting Limited |
United Kingdom |
Secure-4 |
12/6/2021 |
| AA-1340125 |
Hannover Rück SE |
Germany |
Secure-2 |
10/1/2014 |
| AA-3190875 |
Hiscox Insurance Company (Bermuda) Ltd. |
Bermuda |
Secure-3 |
9/15/2017 |
| AA-3191250 |
Somers Re Ltd. f/k/a Watford Re Ltd. |
Bermuda |
Secure-4 |
3/23/2020 |
| AA-3191315 |
XL Bermuda Ltd. |
Bermuda |
Secure-2 |
10/8/2019 |
Certified reinsurers whose rating was downgraded or status was revoked, or withdrawn during past year:
None
Additional Resources
ReFAWG Review Process for Passporting Certified and Reciprocal Jurisdiction Reinsurers
Process for Evaluating Qualified and Reciprocal Jurisdictions
NAIC Certified and Reciprocal Jurisdiction Reinsurer webpage