208 Certified reinsurers ratings

INSURANCE DEPARTMENT

Certified Reinsurers Ratings

[44 Pa.B. 546]
[Saturday, January 25, 2014]

 Under 31 Pa. Code § 161.3a(a)(3)(ii) (relating to requirements for certified reinsurers), the Insurance Commissioner (Commissioner) is publishing a list of Certified Reinsurers and their respective rating. Depending upon the financial strength rating granted by the Commissioner, a Certified Reinsurer will be permitted to post less than 100% collateral and still enable an authorized insurer to qualify for full reserve credit with respect to reinsurance contracts renewed or entered into on or after the date the reinsurer becomes certified.

Financial Strength Rating granted by the Commissioner	Minimum Amount Withheld for Full Credit
Secure-1	0%
Secure-2	10%
Secure-3	20%
Secure-4	50%
Secure-5	75%
Vulnerable-6	100%

 The Commissioner hereby lists those companies deemed a Certified Reinsurer as of January 1, 2014. Note that there were no companies deemed certified during 2013.

Certified Reinsurers

ACE INA Overseas Insurance Company Ltd
Secure-3
ACE Tempest Reinsurance Ltd
Secure-2

 Questions should be directed to Kimberly A. Rankin, Financial Analysis Division, Insurance Department, 1345 Strawberry Square, Harrisburg, PA 17120, [phone], [e-mail].

MICHAEL F. CONSEDINE, 
Insurance Commissioner

[Pa.B. Doc. No. 14-208. Filed for public inspection January 24, 2014, 9:00 a.m.]