The office will be closed Tuesday, November 5th, in observance of Election Day.

COVID-19 Insurance FAQ - See More Info 

Delaware.gov logo
Delaware Department of
Insurance

Certified Reinsurers


Certification Procedure


The Applicant shall submit the Uniform Application Checklist for Certified Reinsurers initial and renewal applications and any other reasonable requirements deemed necessary for certification by the Commissioner. Upon notice and approval of the application, the effective date will be as of the beginning of the quarter in which the application is received. Please see Delaware Title 18, Section 911(5) and Delaware Administrative Code 1003 – Credit for Reinsurance, Section 9 for the applicable law and regulation on reciprocal reinsurers.
 

Forms and Fees


A reciprocal jurisdiction reinsurer must submit its initial or renewal application electronically to us at BERG@Delaware.gov.

Applicable forms with instructions on NAIC page :

  • CR-F
  • CR-F Instructions
  • CR-S
  • CR-S Instructions

The filing fee by check, money order or cashier check made payable to Delaware Department of Insurance; must be mailed to us at the following address:

Delaware Department of Insurance
Attn: BERG
1351 West North Street, Suite 101
Dover, DE 19904

  • Initial Filing Fee: $1,000.00 (Retaliatory, if applicable) HB283
  • Renewal Filing Fee: $1,000.00 (Retaliatory, if applicable)

Please note that Delaware is a retaliatory state therefore if the charge for this application is higher in the company’s domicile state that fee would be required.
 

Application for Delaware to be Lead State


A Certified Reinsurer requesting Delaware to act as its “Lead State” and passporting purposes should file a full application and will need to complete Section I on the Uniform Checklist for Certified Reinsurers and filing all of the necessary corresponding exhibits detailed in that section of the checklist.

Lead State Annual Renewal Applications are due with all required documents and fees no later than June 30th.
 

Application for Passport


A Certified Reinsurer who has established its Lead State other than Delaware, will need to complete the Section II on the Uniform Checklist for Certified Reinsurers, and file all of the necessary corresponding exhibits detailed in that section of the checklist.

Passport Annual Renewal Applications are due with all required documents and fees no later than December 1st.

*Please do not submit passport applications if the Lead State approval has not yet been received.

Additional Resources
NAIC Webpage for Certified and Reciprocal Jurisdiction Reinsurers
 

Listing of Qualified Jurisdictions


Qualified Jurisdictions Effective Date
Bermuda 01/01/2014
France 01/01/2015
Germany 01/01/2014
Ireland 12/04/2013
Japan 01/01/2015
Switzerland 01/01/2014
United Kingdom 01/01/2014

 

Pending Application(s)


Pursuant to 18 Del. C. §1003(8.2.1), this Notice is given to request that any person who objects to an applicant listed below being licensed as a Certified Reinsurer in Delaware should address written comments, specifying with reasonable detail the nature of the objection, to the attention of Rylynn Brown, Chief Financial Examiner, Delaware Department of Insurance, 1351 West North Street, Suite 101, Dover, DE 19904. Objections are to be received by the response deadline date mentioned below.

Applicant Name Date Application Received Response Deadline
Arch Group Reinsurance Ltd. 10/18/2024 11/18/2024

 

Listing of Certified Reinsurers


Certified Reinsurers Secure Rating Effective Date of Initial Certification Effective Date of Renewal Certification
ACE INA Overseas Insurance Company Ltd. Secure – 2 (10%) 01/01/2017 01/01/2019 to 12/31/2019
Allied World Assurance Company, Ltd. Secure – 3 (20%) 10/01/2014 01/01/2024 to 12/31/2024
Arch Reinsurance Ltd. Secure – 3 (20%) 10/01/2014 01/01/2024 to 12/31/2024
Athene Life Re Ltd. Secure – 3 (20%) 06/15/2017 01/01/2024 to 12/31/2024
Chubb European Group SE Secure – 2 (10%) 01/01/2021 01/01/2023 to 12/31/2023
DaVinci Reinsurance Ltd. Secure – 4 (50%) 10/31/2018 01/01/2022 to 12/31/2022
Endurance Specialty Insurance Limited Secure – 3 (20%) 07/01/2015 01/01/2024 to 12/31/2024
Everest Reinsurance (Bermuda), Ltd. Secure – 3 (20%) 10/01/2014 01/01/2024 to 12/31/2024
Fidelis Underwriting Limited Secure – 4 (50%) 01/01/2022 01/01/2024 to 12/31/2024
Hamilton Re Ltd Secure – 4 (50%) 11/03/2016 01/01/2024 to 12/31/2024
Hannover Life Reassurance Company Secure – 2 (10%) 01/01/2019 01/01/2024 to 12/31/2024
Hannover Ruck SE Secure – 2 (10%) 10/01/2014 01/01/2024 to 12/31/2024
Hiscox Insurance Company (Bermuda) Ltd Secure – 3 (20%) 01/01/2017 01/01/2024 to 12/31/2024
Liberty Specialty Markets Bermuda Limited Secure – 3 (20%) 01/01/2020 – 12/31/2020 01/01/2022 to 12/31/2022
MS Amlin AG Secure – 3 (20%) 01/01/2022 01/01/2024 to 12/31/2024
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in Munchen (Munich Re) Secure – 2 (10%) 10/01/2014 01/01/2024 to 12/31/2024
New Reinsurance Company, Ltd. Secure – 2 (10%) 07/01/2019 01/01/2024 to 12/31/2024
Partner Reinsurance Europe SE Secure – 3 (20%) 01/01/2020 01/01/2024 to 12/31/2024
Renaissance Reinsurance Ltd. Secure – 3 (20%) 01/01/2019 01/01/2024 to 12/31/2024
RenaissanceRe Europe AG
(fka: Tokio Millennium Re AG)
Secure – 3 (20%) 04/01/2015 01/01/2023 to 12/31/2023
SCOR Global Life Reinsurance Ireland Ltd. Secure – 2 (10%) 10/01/2014 01/01/2023 to 12/31/2023
SCOR Ireland DAC Secure – 2 (10%) 09/10/2020 01/01/2022 to 12/31/2022
Somers Re Ltd. (fka: Watford Re Ltd.) Secure – 4 (50%) 01/01/2020 – 12/31/2020 01/01/2021 to 12/31/2021
Somerset Reinsurance Ltd. Secure – 5 (75%) 01/01/2021 01/01/2024 to 12/31/2024
Swiss Reinsurance Company Ltd. Secure – 2 (10%) 01/01/2018 01/01/2024 to 12/31/2024
TransRe London Limited Secure – 3 (20%) 01/01/2016 01/01/2024 to 12/31/2024
Wilton Reinsurance Bermuda Limited Secure – 3 (20%) 01/01/2019 01/01/2022 to 12/31/2022
XL Bermuda Ltd. Secure – 2 (10%) 01/01/2019 01/01/2024 to 12/31/2024

 


Related Topics:  , , , ,


+