Certified Reinsurers

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.

ApplicationUniform 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

None

     

 

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.

All responses regarding applications should be directed to:

  • Lindsay Crawford, CFE
  • Deputy Chief Examiner
  • Nebraska Department of Insurance
  • 941 O Street, Suite 400
  • Lincoln, NE 68508
  • (402)-471-4152

lindsay.crawford@nebraska.gov

 

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, 2017

AA-1340165

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (Munich Re)

Germany

Secure-2

December 24, 2015

December 31, 2017

AA-1340125

Hannover Rück SE

Germany

Secure-2

June 20, 2016

December 31, 2017

 

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 Lindsay Crawford if you have any questions regarding Certified Reinsurers or the application process.

  • Lindsay Crawford, CFE
  • Deputy Chief Examiner
  • Nebraska Department of Insurance
  • 941 O Street, Suite 400
  • Lincoln, NE 68508
  • (402)-471-4152

lindsay.crawford@nebraska.gov

 

Last Updated: 1/31/2017