BUSINESS INSURANCE DIRECTORY OF WORLDWIDE REINSURERS: Q-R
Posted On: Aug. 30, 1998 12:00 AM CSTQBE Insurance Group Ltd. (Reinsurance Division)
82 Pitt St., Sydney 2000, Australia; 61-2-9375-4444; 61-2-9235-3166
www.qbe.com.au
1997* 1996*
Prem. written $506,501,400 $272,619,900
Prem. earned $420,246,800 $260,106,700
Capital/surplus $350,727,000 $249,882,500
Net income $84,925,200 $52,112,900
Losses $289,340,000 $173,429,900
Loss ratio 68.8% 66.7%
Expenses $113,155,400 $76,452,600
Expense ratio 26.9% 29.4%
Combined ratio 95.7% 96.1%
Treaty 69.2% 76%
Facultative 30.8% 24%
Domestic 6% 7.6%
Foreign 94% 92.4%
Non-life 100% 100%
* Fiscal years ending 6/30/97 and 6/30/96.
Founded: 1886.
Subsidiaries: QBE Corporate Ltd., London; QBE Insurance & Reinsurance (Europe) Ltd., Dublin, Ireland; QBE International Insurance Ltd., London; QBE Reinsurance (UK) Ltd., London; Sydney Reinsurance Co., Sydney, Australia and Singapore; Sydney Reinsurance Corp., New York.
Employees: 301.
Locations: One domestic, six foreign.
Officers: Frank O'Halloran, managing director/CEO; Bob Grant, general manager-European operations; Greg O'Neill, general manager-Sydney Reinsurance Co.; Abe Altman, president/CEO-Sydney Reinsurance Corp.; Brian Cotterill, group manager-reinsurance portfolios.
Contact: Timothy Kenny, senior vp/CFO-Sydney Reinsurance Corp., 212-225-7500.
R
Reinsurance Group of America Inc.
660 Mason Ridge Center Drive, St. Louis, Mo. 63141; 314-453-7300;
fax: 314-453-7307
www.rgare.com
1997 1996
Prem. written* $835,500,000 $674,900,000
Prem. earned $835,500,000 $674,900,000
Capital/surplus $499,300,000 $425,600,000
Net income $54,600,000 $55,100,000
Losses $750,100,000 $560,400,000
Loss ratio NA NA
Expenses $176,500,000 $136,500,000
Expense ratio 21.1 20.2
Combined ratio 110.9 103.2
Treaty 60% 56%
Facultative 40% 44%
Domestic 78% 81%
Foreign 22% 19%
Life 89% 92%
Non-life 11% 8%
* Estimate.
Founded: 1973.
Parent: GenAm Corp.
Subsidiaries: RGA Life Reinsurance Co. of Canada; RGA Reinsurance Co.; RGA Reinsurance Co. of Australia Ltd.
Employees: 319.
Locations: One domestic, 10 foreign.
Specialties: Life reinsurance, financial reinsurance.
Officers: A. Greig Woodring, president/CEO; David B. Atkinson, executive vp/COO; Jack B. Lay, executive vp/CFO; Graham S. Watson, president/CEO-RGA International; Bruce Counce, executive vp/chief corporate operating officer.
Contact: Paul A. Schuster, senior vp-U.S. division, RGA Reinsurance Co.; 314-453-7310.
Renaissance Re Holdings Ltd.
Renaissance House, 8 E. Broadway, Hamilton HM 19, Bermuda; 441-295-4513; fax: 441-292-9453
www.renre.com
1997 1996
Prem. written $195,752,000 $251,564,000
Prem. earned $211,490,000 $252,828,000
Capital/surplus $598,703,000 $546,203,000
Net income $139,249,000 $156,160,000
Losses $50,015,000 $86,945,000
Loss ratio 23.7% 34.3%
Expenses $50,358,000 $42,893,000
Expense ratio 23.8% 17%
Combined ratio 47.5% 51.3%
Treaty 100% 100%
Foreign 100% 100%
Non-life 100% 100%
Founded: 1993.
Parent: Renaissance Re Holdings Ltd.
Subsidiaries: Renaissance Reinsurance Ltd.
Employees: 34.
Locations: One domestic, one foreign.
Specialties: Catastrophe excess of loss, property, excess of loss retrocessional, marine, aviation.
Officers: James N. Stanard, CEO/chairman; Keith S. Hynes, David A. Eklund, William I. Riker, executive vps; John M. Lummis, senior vp/CFO.
Contact: John M. Lummis.