Reinsurance

One Word, Big Impact

Q: Does your insurance company partner with a variety of reinsurance companies?

Reinsurance coverage is substantial&mdash;often so large that multiple reinsurers must join together to form a single policy. If an insurance company relies on too few reinsurers, it concentrates its risk among a limited group of partners. If one of those reinsurance companies decides not to participate come renewal time, the insurance company will be left scrambling to find a new partner for a large portion.

Reinsurance is, in essence, insurance for insurance companies. Just as we encourage policyholders to choose coverage beyond the minimum to avoid unexpected gaps, we also secure more than the minimum recommended reinsurance for our company.

Multiple reinsurers

Highly rated and creditworthy

Reinsurance guarantees we have the financial strength to pay claims, sustain and grow our business, and uphold our commitment to the policyholders who rely on us to safeguard their most valuable assets—their homes and families.

We work with multiple reinsurers, all of which are highly rated and creditworthy, having no less than an "A- (Excellent)" rating by AM Best to help pay for losses caused by a major disaster.

What does this mean to you? American Integrity has enough reinsurance to prepare for storms of the magnitude of 1992’s Hurricane Andrew, or a multiple storm hurricane season like the unprecedented four-hurricane season Florida experienced in 2004.

Things to consider

How does your company compare?

Here are a few questions you should ask when trying to decide if your insurance company has adequate reinsurance:

Your agent can help you understand whether the company could risk losing a significant portion of its surplus if multiple storms hit in a single year, like those in 2004. Any insurance company should be financially strong enough to withstand a loss equivalent to that year’s storms. In fact, a few companies—such as American Integrity—are positioned to cover claims from multiple hurricane seasons.

Reinsurance companies will have an A.M. Best Rating to indicate their ability to pay claims. Make sure your insurance company has partnered with highly rated companies with ratings like A-, A or A+.

In 2004, Florida was hit by four hurricanes in one season. Make sure your insurance company has enough coverage to handle multiple events. They might have fantastic coverage for the first hurricane, but if another one hits and they didn’t purchase an adequate amount for a second or third event, this could be a problem.

Reinsurance coverage is substantial—often so large that multiple reinsurers must join together to form a single policy. If an insurance company relies on too few reinsurers, it concentrates its risk among a limited group of partners. If one of those reinsurance companies decides not to participate come renewal time, the insurance company will be left scrambling to find a new partner for a large portion.

Catastrophe Reinsurance Program

Reinsurer Financial Information

Financial information grouped by region. “Policyholders’ Surplus” amounts are shown in thousands; currency is indicated by the symbol (USD $, GBP £). Some entities participate via collateralized markets and may not have an A.M. Best rating.
Reinsurer	A.M. Best Rating	Policyholders’ Surplus (000s)
Domestic
American Standard Insurance Co of Wisconsin	A	$312,850
Everest Reinsurance Co.	A+	$2,807,728
Houston Casualty Co. — Lirma H5100	A+	$1,877,044
QBE Reinsurance Corp	A	$943,875
Continental Europe
SCOR Global P&C S.E.	A	$2,333,894
Hannover Ruck SE (AUK business)	A+	$3,573,532
Hannover Ruck SE (Pillar Capital business)	A+	$5,575,352
Bermuda
Ace Tempest Reinsurance Ltd	A+	$9,945,300
AlphaCat Reinsurance Limited	Collateralized Market	Not disclosed
Altera Bermuda Limited	A	$2,288,270
Amlin Bermuda branch of Amlin AG, Hamilton	A	$1,625,336
Arch Reinsurance Ltd.	A+	$5,511,651
Aspen Bermuda Limited (formerly Aspen Insurance Limited)	A	$2,116,865
DaVinci Reins thru Renaissance U/W Mgrs	A	$1,498,221
Endurance Specialty Insurance Limited	A	$3,023,361
Hiscox Insurance Company (Bermuda) Limited	A	$1,018,575
Montpelier Reinsurance Ltd	A	$1,991,700
Montpelier Reinsurance Ltd (Blue Water Re Business)	A	$1,991,700
Nephila Capital Ltd	A	$734,568
Platinum Underwriters Bermuda Limited	A	$1,278,400
Renaissance Reinsurance Ltd.	A+	$1,800,000
S.A.C. Re Ltd	A-	$532,981
Third Point Re Cat Ltd	Collateralized Market	Not disclosed
Validus Reinsurance, Ltd	A	$3,838,200
XL Re Ltd.	A	$4,296,400
United Kingdom
Ariel Re Bda Limited obo Lloyd’s Syndicate 1910	A	£255,000
Liberty Syndicate Paris obo Lloyd’s Syndicate 4472	A	£1,000,000
0033 HIS — Hiscox Syndicate	A	£950,000
0435 FDY — Faraday Syndicate	A	£325,000
0623 AFB — Beazley Syndicate	A	£225,000
0780 ADV — Advent Syndicate	A	£200,000
0958 GSC — Canopius Syndicate	A	£220,000
1084 CSE — Chaucer Syndicate	A	£770,000
1414 ASC — Ascot Syndicate	A	£650,000
1955 BAR — Barbican Syndicate	A	£186,000
2001 AML — Amlin Syndicate	A	£1,400,000
2007 NVA — Novae Syndicate	A	£575,000
2010 MMX — Cathedral Syndicate	A	£350,016
2791 MAP — MAP Syndicate	A	£511,004
2987 BRT — Brit Syndicate	A	£940,000
3000 MKL — Markel Syndicate	A	£340,000
3902 NOA — Noa Syndicate	A	£380,000
4444 CNP — Canopius Syndicate	A	£555,000