Last Updated: September 15, 2023
Effective June 1, 2022, reinsurers may apply for status as a reciprocal jurisdiction reinsurer. This allows a domestic ceding company to eliminate collateral requirements and still take full credit for reinsurance recoverables from a reciprocal jurisdiction reinsurer under ch. Ins 52, Wis. Adm. Code, for those contracts entered into or renewed after the reinsurer has obtained reciprocal status. This rule does not prohibit parties to a reinsurance agreement from agreeing to provisions establishing collateral requirements which exceed the minimum requirements.
This page documents the process for filing new and renewal applications and includes a listing of approved reciprocal jurisdiction reinsurers.
Questions concerning the initial or renewal application process for reciprocal jurisdiction reinsurers may be directed to Levi Olson at (608) 264-8125 or
levi.olson@wisconsin.gov.
Forms
Initial Filing Instructions for Reciprocal Jurisdiction Reinsurer Status
Full Application
Reciprocal jurisdiction reinsurers requesting Wisconsin to act as its "Lead State" for NAIC Reinsurance Financial Analysis (E) Working Group (ReFAWG) and passporting purposes should file a full application, meaning complete Section I on the Uniform Checklist for Reciprocal Jurisdiction Reinsurers and file all of the necessary corresponding exhibits detailed in that section of the checklist.
Passporting Application
Reciprocal jurisdiction reinsurers who have established their Lead State with an NAIC accredited jurisdiction other than Wisconsin, whose initial application has been reviewed by ReFAWG, and would like their reciprocal jurisdiction reinsurer status recognized in Wisconsin should file a passport application, meaning complete Section II on the Uniform Checklist for Reciprocal Jurisdiction Reinsurers and file all of the necessary corresponding exhibits detailed in that section of the checklist.
Maintaining Reciprocal Jurisdiction Reinsurer Status
Annual Renewal Application
Reciprocal jurisdiction reinsurers that filed a full application in Wisconsin should annually complete Section I on the Uniform Checklist for Reciprocal Jurisdiction Reinsurers and file all of the necessary corresponding exhibits detailed in that section of the checklist. Renewal applications should be submitted by June 30 to maintain the reinsurer's status for the upcoming year.
Annual Passport Application
Reciprocal jurisdiction reinsurers that have passported into Wisconsin should annually complete Section II on the Uniform Checklist for Reciprocal Jurisdiction Reinsurers and file all of the necessary corresponding exhibits detailed in that section of the checklist. Renewal applications should be submitted by October 1 to maintain the reinsurer's status for the upcoming year.
Current Reciprocal Jurisdictions
Listing of Reciprocal Jurisdiction Reinsurers in Wisconsin
Reciprocal Jurisdiction Reinsurer
|
Federal/Alien ID Number
|
Domiciliary Jurisdiction
|
Effective Date
|
Expiration Date
|
Arch Reinsurance Ltd.
| AA-3194126
| Bermuda
| 06/01/2022
| 12/31/2023
|
Ascot Bermuda Limited
| AA-3191352
| Bermuda
| 06/01/2022
| 12/31/2023
|
Aspen Bermuda Limited
| AA-3194168
| Bermuda
| 06/01/2022
| 12/31/2023
|
Chubb European Group SE
| AA-3194126
| France
| 06/01/2022
| 12/31/2023
|
Chubb Tempest Reinsurance Ltd.
| AA-3190770
| Bermuda
| 06/01/2022
| 12/31/2023
|
Convex Insurance UK Limited
| AA-1120191
| United Kingdom
| 06/01/2022
| 12/31/2023
|
Convex Re Limited
| AA-3191400
| Bermuda
| 06/01/2022
| 12/31/2023
|
DaVinci Reinsurance Ltd.
| AA-3194122
| Bermuda
| 06/01/2022
| 12/31/2023
|
DEVK Rückversicherungs- und Beteiligungs-AG – DEVK RE
| AA-1340028
| Germany
| 01/01/2023
| 12/31/2023
|
Equator Reinsurances Limited
| AA-3191274
| Bermuda
| 01/01/2023
| 12/31/2023
|
Fidelis Insurance Bermuda Limited
| AA-3191289
| Bermuda
| 09/28/2022
| 12/31/2023
|
Fidelis Underwriting Limited
| AA-1120175
| United Kingdom
| 08/31/2022
| 12/31/2023
|
Fortitude Reinsurance Company Ltd.
| AA-3191485
| Bermuda
| 01/01/2023
| 12/31/2024
|
Group Ark Insurance Limited
| AA-3191437
| Bermuda
| 01/01/2023
| 12/31/2023
|
Hamilton Re, Ltd.
| AA-3191190
| Bermuda
| 01/01/2023
| 12/31/2023
|
Hannover Life Reassurance Company of America (Bermuda) Ltd.
| AA-3191255
| Bermuda
| 01/01/2023
| 12/31/2023
|
Hannover Re (Ireland) DAC
| AA-1780044
| Ireland
| 01/01/2023
| 12/31/2023
|
Hannover Rück SE
| AA-1340125
| Germany
| 01/01/2023
| 12/31/2023
|
Helvetia Swiss Insurance Company Ltd
| AA-1490002
| Switzerland
| 01/01/2023
| 12/31/2024
|
Lancashire Insurance Company Limited
| AA-3190871
| Bermuda
| 06/01/2022
| 12/31/2023
|
MS Amlin AG
| AA-1460019
| Switzerland
| 06/01/2022
| 12/31/2023
|
Münchener Rückversicherungs- Gesellshaft in München (Munich Re)
| AA-1340165
| Germany
| 01/01/2023
| 12/31/2023
|
Partner Reinsurance Company Ltd.
| AA-3190686
| Bermuda
| 01/01/2023
| 12/31/2023
|
Partner Reinsurance Europe SE
| AA-1780078
| Ireland
| 06/01/2022
| 12/31/2023
|
QBE Blue Ocean Re Limited
| AA-3191416
| Bermuda
| 01/01/2023
| 12/31/2023
|
Renaissance Reinsurance Ltd.
| AA-3190339
| Bermuda
| 06/01/2022
| 12/31/2023
|
RenaissanceRe Europe AG
| AA-1460023
| Switzerland
| 06/01/2022
| 12/31/2023
|
RenaissanceRe Specialty U.S. Ltd.
| AA-3191238
| Bermuda
| 06/01/2022
| 12/31/2023
|
Somerset Reinsurance Ltd.
| AA-3191332
| Bermuda
| 06/01/2023
| 12/31/2023
|
Sommers Re Ltd (formerly Watford Re Ltd.)
| AA-3191250
| Bermuda
| 06/01/2022
| 12/31/2023
|
Swiss Reinsurance Company Ltd
| AA-1460146
| Switzerland
| 01/01/2023
| 12/31/2023
|
TransRe Europe SA
| AA-1370051
| Luxembourg
| 07/03/2023
| 12/31/2024
|
TransRe London Limited
| AA-1120159
| United Kingdom
| 01/01/2023
| 12/31/2023
|
Underwriters at Lloyd's
| AA-1122000
| United Kingdom
| 06/01/2022
| 12/31/2023
|
Validus Reinsurance, Ltd.
| AA-3190870
| Bermuda
| 01/01/2023
| 12/31/2023
|
Validua Reinsurance (Switzerland) Ltd.
| AA-1460006
| Switzerland
| 01/01/2023
| 12/31/2023
|