Certified Reinsurers
Pursuant Neb. Rev. Stat. §44-416.06 and 
Title 210, Neb. Admin. Code, Chapter 65, Section 008, any unauthorized assuming insurer that meets the Department’s requirements may qualify as a Certified Reinsurer. Depending on the financial strength rating granted by the Director, a Certified Reinsurer may be allowed 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.
To apply to become a Certified Reinsurer in the state of Nebraska, please complete and submit the Uniform Application Checklist for Certified Reinsurers.
Application: Uniform Application Checklist for Certified Reinsurers
Form CR-1: Nebraska CR-1 Form
NAIC Forms
Regulatory Guidance:
Application Notices
Interested or affected parties will have 30 days from the date the notice is posted to submit written comments and responses to the certified reinsurer applications listed below. The Director will not take final action on an application until at least 30 days after the notice is posted.
Pending Applications
|
Federal/Alien ID |
Applicant |
Domiciliary Jurisdiction |
Date Posted |
|
AA-3191332 |
Somerset Reinsurance Ltd. | Bermuda | January 29, 2019 |
Prior Notices
- Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (Munich Re)—posted 11/24/15.
- Hannover Rück SE—posted 05/18/2016.
- Arch Reinsurance, Ltd.—posted 7/7/2016.
- Swiss Reinsurance Company Ltd. - posted 1/31/2018
All responses regarding applications should be directed to:
- Jill Gleason, CFE
- Assistant Chief Examiner - Holding Company
- Nebraska Department of Insurance
- PO Box 82089
- Lincoln, NE 68508-2089
- (402)-471-3164
Certified Reinsurers
|
Federal/Alien ID |
Applicant |
Domiciliary Jurisdiction |
Rating |
Effective Date |
Expiration Date |
|
AA-3194126 |
Arch Reinsurance, Ltd. |
Germany |
Secure-3 |
August 26, 2016 |
December 31, 2019 |
|
AA-1340165 |
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (Munich Re) |
Germany |
Secure-2 |
December 24, 2015 |
December 31, 2019 |
|
AA-1340125 |
Hannover Rück SE |
Germany |
Secure-2 |
June 20, 2016 |
December 31, 2019 |
| AA-1460146 | Swiss Reinsurance Company Ltd. | Switzerland | Secure - 2 | March 11, 2018 | December 31, 2019 |
Qualified Jurisdictions
As part of the reinsurer certification process, the Director is required to maintain a list of qualified jurisdictions under which an assuming insurer licensed and domiciled in such jurisdiction is eligible to be considered for certification by the director as a certified reinsurer.
- Bermuda: The Bermuda Monetary Authority (BMA)
- France: Autorité Contrôle Prudentiel et de Résolution (ACPR)
- Germany: German Federal Financial Supervisory Authority (BaFin)
- Ireland: Central Bank of Ireland (Central Bank)
- Japan: Financial Services Agency of Japan (FSA)
- Switzerland: The Swiss Financial Market Supervisory Authority (FINMA)
- United Kingdom: The Prudential Regulation Authority of the Bank of England (PRA)
Questions
Please contact Jill Gleason if you have any questions regarding Certified Reinsurers or the application process.
- Jill Gleason, CFE
- Assistant Chief Examiner - Holding Company
- Nebraska Department of Insurance
- PO Box 82089
- Lincoln, NE 68508-2089
- (402)-471-3164
Last Updated: 1/31/2018
