BUSINESS INSURANCE DIRECTORY OF WORLDWIDE REINSURERS: C

CCR
31 Rue de Courcelles, Paris 75008, France; 33-1-44-35-3100; fax: 33-1-44-35-3131
1997 1996
Prem. written $641,760,948 $759,282,440
Prem. earned $613,110,069 $864,447,612
Capital/surplus $612,886,059 $663,799,864
Net incon $48,834,180 $59,266,676
Losses $475,348,194 $659,079,008
Loss ratio 77.5% 76.2%
Expenses $133,701,651 $201,788,468
Expense ratio 20.8% 23.3%
Combined ratio 98.4% 99.6%
Treaty 94.2% 94.4%
Facultative 5.8% 5.6%
Domestic 73.47% 77.66%
Foreign 26.53% 22.34%
Life 22.8% 19.7%
Non-life 77.2% 80.3%
Founded: 1946.
Employees: 161.
CNA Re
200 S. Wacker Drive, Chicago, Ill. 60606; 312-876-5055; fax: 312-876-5429
www.cnare.com
1997 1996
Prem. written $976,291,000 $957,500,000
Prem. earned $861,207,000 $858,082,000
Losses $600,400,000 NA
Loss ratio 69.7% NA
Expenses $305,368,000 NA
Expense ratio 35.5% NA
Combined ratio 105.2% NA
Treaty 97.5% 98.6%
Facultative 2.5% 1.4%
Domestic 64% 55%
Foreign 36% 45%
Non-life 100% 100%
Founded: 1954.
Parent: CNA Financial Corp.
Subsidiaries: CNA Reinsurance Co. Ltd., London.
Employees: 381.
Locations: Seven domestic, six foreign.
Officers: William J. Adamson, CEO; Debra L. McClenahan, executive vp/senior financial officer; Tim I. Madden, Randy Brown, executive vps.
Contact: Richard Mueller, vp, 312-876-5228.
Centre Solutions (Bermuda) Ltd. and Subsidiaries
Cumberland House, 1 Victoria St., P.O. Box HM 1788, Hamilton HM HX, Bermuda; 441-295-8501; fax: 441-292-0951
www.centresolutions.com
1997 1996
Prem. written $1,488,647,000 $1,609,008,000
Prem. earned $1,500,393,000 $1,453,492,000
Capital/surplus $2,247,337,000 $1,631,352,000
Net income $275,847,000 $152,835,000
Losses $1,311,866,000 $1,267,255,000
Loss ratio 87.4% 87.2%
Expenses $420,120,000 $349,294,000
Expense ratio 28% 24%
Combined ratio 115.4% 111.2%
Treaty 100% 100%
Domestic 10% 10%
Foreign 90% 90%
Non-life 100% 100%
Founded: 1988.
Parent: Centre Reinsurance Holding Ltd.
Subsidiaries: Centre Reinsurance Ltd., Bermuda; Centre Reinsurance Dublin; Centre Reinsurance International Co., Dublin; Centre Reinsurance (U.S.) Ltd., Bermuda; Zurich Reinsurance North America, Connecticut.
Employees: 400.
Locations: Two domestic, six foreign.
Specialties: Finite risk.
Officers: David Wasserman, CEO; Tom Dickson, chief underwriting officer.
Contact: David Wasserman, Centre Reinsurance Holding Ltd., 212-898-5300.
Chartwell Re Corp.
4 Stamford Plaza, P.O. Box 120043, Stamford, Conn. 06912-0043; 203-705-2500; fax: 203-705-2710
www.chartwellre.com
1997 1996
Prem. written $268,260,000 $192,251,000
Prem. earned $245,700,000 $209,503,000
Capital/surplus $260,497,000 $225,990,000
Net income $27,263,000 $20,989,000
Losses $160,848,000 $150,621,000
Loss ratio 65.5% 71.9%
Expenses $161,783,000 $119,834,000
Expense ratio 65.8% 57.2%
Combined ratio 131.3% 129.1%
Treaty 100% 100%
Domestic 87.1% 100%
Foreign 12.9% NA
Non-life 100% 100%
Founded: 1989.
Subsidiaries: Chartwell Reinsurance Co.
Employees: 519.
Locations: Two domestic, one foreign.
Officers: Richard E. Cole, chairman/CEO; Steven J. Bensinger, president; Jacques Q. Bonneau, senior executive vp/chief underwriting officer; James A. Giordano, executive vp-regional accounts; Michael A. Hayes, executive vp-global accounts; Thomas A. Greene Jr., senior vp-specialty accounts; Bruce L. Kessler, senior vp-specialty accounts; Charles E. Meyers, senior vp/CFO; Michael J. Warfield, senior vp-controlled source accounts; Peter W. Wildman, senior vp/chief actuary.
Contact: Nancy B. Saltzman, vp-associate counsel/investor relations, 203-705-2532.
The Chiyoda Fire & Marine Insurance Co. Ltd.
No. 28-1, Ebisu 1-chome, Shibuya-ku, Tokyo 150-8488, Japan; 81-3-5424-9141; fax: 81-3-5424-9381
www.chiyoda-fire.co.jp
1997* 1996*
Prem. written $396,540,387 $469,407,980
Capital/surplus $1,131,816,000 $1,250,307,000
Losses $314,749,398 $372,427,190
Loss ratio** 79.4% 79.3%
Expenses $76,256,490 $80,455,405
Expense ratio** 19.2% 17.1%
Combined ratio** 98.6% 96.4%
Treaty 99% 99%
Facultative 1% 1%
Domestic 54.6% 57%
Foreign 45.4% 43%
Non-life 100% 100%
* Fiscal years ending 3/31/98 and 3/31/97. ** Ratios calculated using premiums written; premiums earned figure not available.
Founded: 1897.
Subsidiaries: Chiyoda Fire & Marine Insurance Co. (Europe) Ltd. Figures from this subsidiary are not included in the figures above.
Employees: 40.
Locations: One domestic, three foreign.
Specialties: Property.
Officers: Masaharu Tanaka, chairman; Takashi Toyabe, deputy chairman/executive director; Koji Fukuda, president/executive director; Yoshihiko Arai, Masashi Kiyono, senior vps/executive directors.
Contact: James J. Morris, assistant secretary, 312-822-6557.
CIGNA Reinsurance
900 Cottage Grove Road, Hartford, Conn. 06152-4026; 860-726-6000;
fax: 860-726-3153
www.cigna.com/reinsurance
1997 1996
Prem. written $349,000,000 $301,000,000
Prem. earned $347,000,000 $293,000,000
Capital/surplus $254,000,000 $185,000,000
Net income $41,000,000 $36,000,000
Losses $238,000,000 $204,000,000
Loss ratio 69% 70%
Expenses $80,000,000 $64,000,000
Expense ratio 23% 22%
Combined ratio 92% 92%
Domestic 83% 81%
Foreign 17% 19%
Life 28% 33%
Non-life 72% 67%
Founded: 1919.
Parent: CIGNA Corp.
Employees: 140.
Locations: Six domestic, four foreign.
Specialties: Personal accident, individual/group life, annuities, capitation risks of health care providers, morbidity risks, pool management.
Officers: Francine Newman, president; Bradley Miller, vp/CFO; Janet Duchaine, senior vp-life/annuity segment; George Hartz III, senior vp-personal accident segment.
Contact: Claudia Johnson, vp-marketing, 215-761-1403.
The Cologne Re
Theodor-Huess-Ring 11, Cologne 50668, Germany; 49-221-9738-0; fax: 49-221-9738-494
www.colognere.com
1997* 1996
Prem. written $3,489,675,000 $3,573,045,000
Prem. earned $3,394,800,000 $3,507,875,000
Capital/surplus $862,500,000 $845,880,000**
Net income $109,250,000 $109,193,000**
Losses 2,300,000,000 $2,399,985,000**
Loss ratio 69% 69%
Expenses 920,000,000 $999,495,000
Expense ratio 29% 29%
Combined ratio 98% 98%
Treaty 91% 91%
Facultative 9% 9%
Domestic 35% 35%
Foreign 65% 65%
Life 39% 36%
Non-life 61% 64%
* 1997 figures are estimates.
Founded: 1846.
Parent: General Re Corp.
Subsidiaries: Cologne Holding Co. of America Inc.; Cologne Life Reinsurance Co., United States; Cologne Life Reinsurance Co. Ltd., London; Cologne Life Reinsurance Co. of Austrailia Ltd.; Cologne Reinsurance (Barbados) Ltd.; Cologne Reinsurance Co. Ltd., Dublin, Ireland and Hamilton, Bermuda; Cologne Reinsurance Co. of America; The Cologne Reinsurance Co. Ltd., London; Cologne Reinsurance Co. of South Africa Ltd.; Cologne Reinsurance Finance Holdings B.V., Amsterdam, Netherlands; Europa Re International Ltd., Dublin, Ireland; Europa Ruckversicherung Aktiengesellschaft, Cologne, Germany; Idealife Insurance Co. of America Inc.; Kolnische Gestion Immobiliere, Paris; Kolnische Ruck Wien, Ruckversicherungs-Aktiengesellschaft, Vienna, Austria; Kolnische Ruckversicherungs-Gesellschaft Aktiengesellschaft, Cologne, Germany; U.S. Health and Life Insurance Co.
Employees: 1,230.
Locations: Two domestic, 34 foreign.
Officers: Peter Lutke-Hornefeld, chairman; Hans-Peter Gerhardt, Richard H. Hinchcliff Jr., Rainer Isringhaus, Georg Lorenz, Jurgen Meisch, Franklin Montross IV, Egbert Willam, members-board of executive directors.
Constitution Reinsurance Corp.
110 William St., New York, N.Y. 10038; 212-225-1000; fax: 212-225-1109
www.constitution.com
1997 1996
Prem. written $438,277,805 $531,351,686
Prem. earned $479,297,827 $535,866,796
Capital/surplus $368,000,872 $354,437,585
Net income $18,810,273 $39,805,356
Losses $353,361,963 $393,323,139
Loss ratio 73.72% 73.4%
Expenses $146,275,267 $161,547,323
Expense ratio 30.52% 30.15%
Combined ratio 104.24% 103.55%
Treaty 100% 92%
Facultative NA 8%
Domestic 100% 100%
Non-life 100% 100%
Founded: 1940.
Parent: EXOR-CRC Inc.
Employees: 157.
Locations: One domestic.
Specialties: Nonstandard and standard automobile, property and multiperil coverages, workers compensation.
Officers: Bard E. Bunaes, chairman/CEO; Francis D. Ruyak, president/COO; William K. Lowry Jr., executive vp/CFO; James A. Crowe, senior vp/chief information officer; William F. Davis, senior vp/controller.
Contact: William K. Lowry Jr.
Copenhagen Re
7 Midtermolen, Copenhagen 2100, Denmark; 45/35/47-4545;
fax: 45/35/47-7272
1997 1996
Prem. written $235,196,694 $245,822,228
Prem. earned $233,973,443 $245,350,260
Capital/surplus $291,161,975 $253,239,728
Net income $31,087,276 $28,995,588
Losses $194,680,827 $199,534,729
Loss ratio 83.2% 81.3%
Expenses $91,234,804 $90,307,912
Expense ratio 39% 36.8%
Combined ratio 122.2% 118.1%
Treaty 30% 30%
Facultative 70% 70%
Life 2% 4%
Non-life 98% 96%
Founded: 1915.
Parent: Alm. Brand A/S.
Subsidiaries: Copenhagen Re F.E., Singapore; Copenhagen Re U.K., London.
Employees: 143.
Locations: One domestic, four foreign.
Officers: Leif Corinth-Hansen, CEO; Matthew Petzold, Cheok Chin Hock, managing directors; David Lawrence, general manager.