Certified Reinsurers

In order to be eligible as a certified reinsurer in South Carolina, an assuming insurer must meet the following requirements:

  • Domiciled and licensed as an insurer or reinsurer in a “qualified jurisdiction”
  • Maintain minimum capital and surplus of no less than $250,000,000
  • Maintain financial strength ratings from two or more rating agencies deemed acceptable to the Commissioner
  • Agree to submit to the jurisdiction of South Carolina
  • Submit financial information for regulatory review
  • Satisfy other requirements established by the Commissioner

If you would like to provide comments regarding the application for status as a certified reinsurer listed herein you may email your comments to fnclmail@doi.sc.gov.

Currently no renewal applications.

Uniform Application Checklist for Certified Reinsurers

CR-1

Currently approved

Federal/Alien IDCertified ReinsurersDomiciliary JurisdictionDuration of CertificationRatingLines of Business Certified to Reinsurer
AA-1340125Hannover Rück SEGermanyJanuary 1, 2021 to December 31, 2021Secure 2Life, Annuities, Accident/Health, Property/Casualty
AA-1320152Chubb European Group SEFranceJanuary 1, 2021 to December 31, 2021Secure 2Accident/Health, Property/Casualty
AA-3194126Arch Reinsurance Ltd.BermudaJanuary 1, 2021 to December 31, 2021Secure 3Life, Annuities, Accident/Health, Marine, Property/Casualty
AA-3194130Endurance Specialty Ltd.BermudaJanuary 1, 2021 to December 31, 2021Secure 3Life, Annuities, Accident/Health, Property/Casualty
AA-3192150Watford Re Ltd.BermudaJanuary 1, 2021 to December 31, 2021Secure 4Property/Casualty