Reciprocal Jurisdiction Reinsurer
Reciprocal Jurisdiction Reinsurer
A reciprocal jurisdiction is a non-U.S. jurisdiction that is subject to the in-force covered agreement with the United States and the European Union pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act that addresses the elimination of collateral requirements as a condition for entering into a reinsurance agreement with a ceding insurer domiciled in Arkansas or for allowing the ceding insurer to recognize credit for reinsurance.
In order to obtain certification in Arkansas as a Reciprocal Jurisdiction Reinsurer, a Uniform Application Checklist for Reciprocal Jurisdiction shall be submitted along with any other reasonable requirements deemed necessary for certification by the Commissioner. An application consists of a completed checklist, and all required corresponding exhibits. Applications can be submitted electronically to Insurance.Finance@arkansas.gov .
Please see Ark. Code Ann. §§ 23-62-305(f), and Arkansas Insurance Department Rule 65 §9 for the applicable law and regulation on Reciprocal Jurisdiction reinsurers. Pursuant to statute, the Commissioner shall create and publish a list of reciprocal jurisdictions with regard to reciprocal jurisdiction reinsurers.
|
Approved Reciprocal Jurisdiction Reinsurers |
Jurisdiction |
Effective Date |
Expiration Date |
Lines of Business Reinsured |
|
Allied World Assurance Company, Ltd. |
Bermuda |
01/01/2023 |
12/31/2023 |
Property/Casualty |
|
Arch Reinsurance Limited |
Bermuda |
01/01/2023 |
12/31/2023 |
Property/Casualty & Marine; Life, Annuities and Accident/Health |
|
Aspen Bermuda Limited |
Bermuda |
01/01/2022 |
12/31/2023 |
Property/Casualty; Life, Annuities and Accident/Health |
|
Chubb European Group SE |
France |
01/01/2022 |
12/31/2023 |
Property/Casualty and Accident/Health |
|
Convex Insurance UK Limited |
United Kingdom |
01/01/2022 |
12/31/2023 |
Property/Casualty |
|
Convex Re Limited |
Bermuda |
01/01/2022 |
12/31/2023 |
Property/Casualty |
|
DaVinci Reinsurance Ltd. |
Bermuda |
01/01/2022 |
12/31/2023 |
Property/Casualty |
|
Fidelis Underwriting Limited |
United Kingdom |
08/31/2022 |
12/31/2023 |
Property/Casualty |
|
Fortitude Reinsurance Company, Ltd. |
Bermuda |
01/01/2023 |
12/31/2023 |
Property/Casualty; Life, Annuities and Accident/Health |
|
Group Ark Limited |
Bermuda |
01/01/2023 |
12/31/2023 |
Property/Casualty; Life, Annuities and Accident/Health |
|
Hannover Life Reassurance Company of America (Bermuda) Ltd |
Bermuda |
01/01/2023 |
12/31/2023 |
Life, Health and Annuities |
|
Hannover Re (Ireland) DAC |
Ireland |
01/01/2023 |
12/31/2023 |
Property/Casualty and Life & Health |
|
Hannover Ruck SE |
Germany |
01/01/2023 |
12/31/2023 |
Property/Casualty; Life, Annuities and Accident/Health |
|
Helvetia Swiss Insurance Company Ltd. |
Switzerland |
01/01/2023 |
12/31/2023 |
Property/Casualty & Life |
|
Lancashire Insurance Company Limited |
Bermuda |
01/01/2022 |
12/31/2023 |
Property/Casualty |
|
Partner Reinsurance Company Ltd. |
Bermuda |
01/01/2023 |
12/31/2023 |
Property/Casualty; Life, Annuities and Accident/Health |
|
Partner Reinsurance Europe SE |
Ireland |
01/01/2022 |
12/31/2023 |
Property/Casualty; Life, Annuities and Accident/Health |
|
Renaissance Reinsurance Ltd. |
Bermuda |
01/01/2022 |
12/31/2023 |
Property/Casualty |
|
RenaissanceRe Europe AG |
Switzerland |
01/01/2022 |
12/31/2023 |
Property/Casualty |
|
RennaissanceRe Specialty U.S. Ltd. |
Bermuda |
01/01/2022 |
12/31/2023 |
Property/Casualty |
|
Somers Re Ltd. |
Bermuda |
01/01/2022 |
12/31/2023 |
Property/Casualty |
|
TransRe London Limited |
United Kingdom |
01/01/2023 |
12/31/2023 |
Property/Casualty |
|
Underwriters at Lloyd's |
United Kingdom |
06/01/2022 |
12/31/2023 |
Property/Casualty |
|
Validus Reinsurance Ltd. |
Bermuda |
01/01/2023 |
12/31/2023 |
Property/Casualty |
|
Validus Reinsurance (Switzerland) Ltd. |
Switzerland |
01/01/2023 |
12/31/2023 |
Property/Casualty |
|
Vermeer Reinsurance Ltd. |
Bermuda |
05/09/2022 |
12/31/2023 |
Property/Casualty |
Forms for Reciprocal Jurisdiction Reinsurers
Uniform Checklist for Reciprocal Jurisdiction Reinsurers
- Applicants shall submit this uniform checklist and include all corresponding documentation/forms detailed in the checklist for both the initial and renewal applications.
- If the applicant is requesting Arkansas to be the lead state, Part I should be completed. If applicant is recognized as a reciprocal jurisdiction reinsurer in another NAIC accredited jurisdiction, only Part II should be completed.