U.S. Ceding Companies Credit for Reinsurance
Endurance Specialty Insurance Ltd. (“Endurance”), a wholly owned subsidiary of Sompo Holdings Inc., primarily utilizes a multi-beneficiary reinsurance trust (“MBRT”) and a reduced collateral trust (“RCT”, together with the MBRT, the “Trusts”) to provide collateral for Endurance ceding companies domiciled in the United States. The Delaware Department of Insurance is the domiciliary regulator of the Trusts. View the letter from Delaware approving the Trusts. The Florida Office of Insurance Regulation, which is the NAIC Qualified Jurisdiction for Bermuda reinsurers, granted Endurance Certified Reinsurer status effective May 31, 2012, most recently renewed on October 3, 2016.
The dropdown menu below lists states where Endurance is approved to use the Trusts for reinsurance collateral.