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BUSINESS INSURANCE DIRECTORY OF WORLDWIDE REINSURERS: S-T

Posted On: Aug. 30, 1998 12:00 AM CST

St. Paul Re
195 Broadway, 28th Floor, New York, N.Y. 10007-3181; 212-238-9200; fax: 212-238-9493
www.stpaulre.com
1997* 1996
Prem. written $1,200,245,000 $760,524,000
Prem. earned $1,226,913,000 $735,786,000
Losses $839,412,000 $553,316,000
Loss ratio 68.4% 75.2%
Expenses $367,246,000 $228,894,000
Expense ratio 29.9% 31.1%
Combined ratio 98.3% 106.3%
Treaty 94% 95%
Facultative 6% 5%
Domestic 55% 55%
Foreign 45% 45%
* Figures are pro forma to reflect the merger between The St. Paul Cos. Inc. and USF&G Corp. All other information reflects pre-merger St. Paul Re.
Founded: 1983.
Parent: The St. Paul Cos. Inc.
Subsidiaries: St. Paul Reinsurance Co. Ltd.
Employees: 400.
Locations: 12 domestic, seven foreign.
Specialties: Traditional and finite risks, including property, casualty, marine, specialty lines and financial reinsurance.
Officers: James F. Duffy, president; Michael Schell, president-international; John Berger, president-North American & specialty; Peter Aubrey-Smith, senior vp-international; William Davis, senior vp-facultative; David Grefe, senior vp/CFO.
Contact: Peter Aubrey-Smith, 212-238-9275.
SCOR Group
1, Ave. du President Wilson, Paris la Defense 92074, France; 33-1-46-98; fax: 33-1-47-67
www.scor.com
1997 1996
Prem. written $2,348,172,000 $2,314,172,000
Prem. earned $2,294,820,000 $2,146,788,000
Capital/surplus $1,689,822,000 $1,413,356,000
Net income $161,082,000 $138,180,000
Losses $1,658,700,000 $1,601,908,000
Loss ratio 72.3% 74.6%
Expenses $724,185,000 $663,656,000
Expense ratio 31.6% 30.9%
Combined ratio 103.9% 105.5%
Treaty 76% 75%
Facultative 24% 25%
Domestic 18% 19%
Foreign 82% 81%
Life 13% 23%
Non-life 87% 77%
Founded: 1970.
Subsidiaries: Commercial Risk Partners, SCOR Asia Pacific, SCOR Canada, SCOR Deutschland, SCOR Italia, SCOR U.K., SCOR U.S.
Employees: 1,182.
Locations: One domestic, 29 foreign.
Specialties: Life, motor excess (Europe), facultatives.
Officers: Jacques Blondeau, chairman/CEO; Serge Osouf, president/COO; Pierre-Denis Champvillard, Francois Reach, group senior vps; Jerome Karter, president/CEO-SCOR U.S.; Romain Durand, COO-SCOR, Vie Divison.
Contact: Jerome Karter, 212-390-5200.
Signet Star Reinsurance Co.
100 Campus Drive, P.O. Box 853, Florham Park, N.J. 07932; 973-301-8000; fax: 973-301-8155
1997 1996
Prem. written $275,071,000 $264,356,000
Prem. earned $263,721,000 $239,767,000
Capital/surplus $297,500,000 $260,800,000
Net income $24,174,000 $21,038,000
Losses $189,419,000 $177,228,000
Loss ratio 71.8% 73.9%
Expenses $78,722,000 $64,028,000
Expense ratio 29.8% 26.7%
Combined ratio 101.6% 100.6%
Treaty 87.5% 90.9%
Facultative 12.5% 9.1%
Domestic 89.6% 95.2%
Foreign 10.4% 4.8%
Non-life 100% 100%
Founded: 1993.
Parent: W.R. Berkley Corp.
Employees: 155.
Locations: Five domestic.
Specialties: Fidelity and surety; alternative markets; casualty/property facultative; Latin American and Caribbean reinsurance.
Officers: Edward D. Norris, president; Roger J. Bassi, Larry A. Hansen, James W. McCleary, Thomas Koalick, Charles E. Erickson, executive vps; Michael E. Lombardozzi, Gordon J. Oliver, Scott R. Wallace, senior vps.
Contact: Scott R. Wallace, 973-301-8110.
Sirius International Insurance Corp.
Stockholm S-113 96, Sweden; 46-8-458-5500; fax: 46-8-458-5599
1997 1996
Prem. written $315,291,990 $377,339,073
Prem. earned $337,429,170 $373,767,096
Capital/surplus $963,170,000 $1,040,020,000
Net income $74,705,150 $78,083,599
Losses $201,315,530 $224,430,207
Loss ratio 59.7% 60.1%
Expenses $135,001,490 $148,239,951
Expense ratio 40% 39.7%
Combined ratio 99.7% 99.7%
Domestic 18% 20%
Foreign 82% 80%
Founded: 1945.
Subsidiaries: Scandinavian Reinsurance Ltd.
Employees: 112.
SOREMA S.A.
20 Rue Washington, Paris 75008, France; 331/40/74-6600; fax: 331/45/63-2547
1997 1996
Prem. written $513,638,172 $563,940,216
Prem. earned $503,995,995 $558,995,152
Capital/surplus $525,178,278 $535,178,980
Net income $28,067,769 $38,133,368
Losses $354,479,580 $375,887,624
Loss ratio 70.3% 67.3%
Expenses $183,495,141 $203,122,052
Expense ratio 36.4% 36.3%
Combined ratio 106.7% 103.6%
Treaty 71.3% 72.3%
Facultative 28.7% 27.7%
Domestic 11.2% 11.1%
Foreign 88.8% 88.9%
Life 3.8% 4.1%
Non-life 96.2% 95.9%
Founded: 1978.
Parent: GROUPAMA.
Subsidiaries: SOREMA N.A., New York; SOREMA Canada Branch, Toronto; SOREMA Singapore Branch.
Employees: 421.
Locations: One domestic, 10 foreign.
Specialties: Property, casualty, life.
Officers: Alexis Ruset, chairman/CEO; Anders Grabo, executive vp-Paris head office; Francois Chavel, president/CEO-SOREMA N.A.
Contact: Mark J. Purcell, senior vp/CFO/chief administrative officer-SOREMA N.A., 212-480-1900.
Swiss Re Group
Mythenquai 50/60, P.O. Box, Zurich CH-8022, Switzerland; 41-1-285-2481; fax: 41-1-285-2023
1997 1996
Prem. written $11,114,948,000 $10,794,245,000
Prem. earned $11,213,475,000 $10,828,055,000
Capital/surplus $9,781,733,000 $7,961,450,000
Net income $1,457,924,000 $1,174,495,000
Losses $9,017,632,000 $8,466,185,000
Loss ratio* 79% 77%
Expenses $3,360,942,000 $3,353,630,000
Expense ratio* 31% 32%
Combined ratio* 110% 109%
Domestic 3.9% 4.4%
Foreign 96.1% 95.6%
Life 18.9% 15.1%
Non-life 81.1% 84.9%
* Ratios reflect non-life business only.
Founded: 1863.
Subsidiaries: Algemene Levensherverzekering Maatschappij N.V., Netherlands; Atlantic International Reinsurance Co. Ltd., Bridgetown, Barbados; Bavarian Reinsurance Co. Ltd., Munich, Germany; Bavarian Reinsurance Ireland Ltd., Dublin, Ireland; European International Reinsurance Co. Ltd., Bridgetown, Barbados; European Reinsurance Company of Zurich, Zurich, Switzerland; European Reinsurance Corp. of America, New York; Reassurantie Maatschappij Nederland N.V., Amsterdam, Netherlands; Swiss Re America Corp., New York; Swiss Re America Holding Corp., New York; Swiss Re Australia Ltd., Melbourne, Australia; Swiss Re Life & Health Canada, Toronto; Swiss Re Southern Africa Ltd., Johannesburg, South Africa; Swiss Reinsurance Co. Canada, Toronto; Swiss Reinsurance Co. UK Ltd., London; Union Reinsurance Co., Zurich, Switzerland.
Employees: 7,588.
Officers: Walter B. Kielholz, CEO/member-executive committee; Rudolf Kellenberger, Europe/member-executive committee; Michel M. Lies, Latin America; Heidi E. Hutter, North America; Pierre L. Ozendo, Asia; Erwin K. Zimmermann, Swiss Re New Markets; John R. Coomber, Swiss Re Life & Health; Stefan Lippe, Bavarian Re; Bruno Porro, reinsurance and risk/member-executive committee; Christoph Dorschel, member-executive commitee; Peter P. Hugle; John H. Fitzpatrick, CFO.
Contact: Heidi Hutter, CEO/chairman/president.
T
TIG Reinsurance Co.
300 First Stamford Place, Stamford, Conn. 06902; 203-977-8000;
fax: 203-356-0196
1997 1996
Prem. written $527,816,748 $547,948,391
Prem. earned $528,815,079 $534,192,358
Capital/surplus $508,358,082 $515,143,499
Net income ($12,892,746) $86,587,067
Losses $518,238,794 $386,362,770
Loss ratio 98% 72.3%
Expenses $172,754,028 $161,758,596
Expense ratio 32.7% 30.3%
Combined ratio 130.7% 102.6%
Treaty 95.7% 100%
Facultative 4.3% NA
Domestic 85.4% 94.7%
Foreign 14.6% 5.3%
Non-life 100% 100%
Founded: 1986.
Parent: TIG Holdings Inc.
Subsidiaries: TIG Re U.K. Holdings, London.
Employees: 21.
Locations: 10 domestic, two foreign.
Specialties: Property/casualty.
Officers: Michael G. Wacek, president/CEO; Roland W. Jackson, executive vp/CFO; Mark W. Hinkley, executive vp.
Contact: Mark W. Hinkley.
Tempest Reinsurance Co. Ltd.
Wessex House, Third Floor, 45 Reid St., Hamilton HM 11, Bermuda; 441-292-2603; fax: 441-292-2790
www.ace.bm
1997* 1996*
Prem. written $111,276,000 $137,808,000
Prem. earned $114,648,000 $143,423,000
Capital/surplus $696,274,000 $689,072,000
Net income $117,637,000 $108,569,000
Losses $10,121,000 $4,290,000
Loss ratio 8.8% 3.0%
Expenses $19,795,000 $33,750,000
Expense ratio 17.3% 23.5%
Combined ratio 26.1% 26.5%
Treaty 100% 100%
Foreign 100% 100%
Non-life 100% 100%
* Fiscal years ending 11/30/97 and 11/30/96.
Founded: 1993.
Parent: ACE Ltd.
Employees: 14.
Locations: One domestic.
Specialties: Property catastrophe.
Officers: Don Kramer, president/CEO; George F. Rivaz, executive vp/COO; Elizabeth A. Murphy, senior vp/CFO; Jan van der Schalk, chief underwriting officer-international; Russell C. Fletcher, chief underwriting officer-North America.
Terra Nova (Bermuda) Holdings Ltd.
Richmond House, 12 Par-La-Ville Road, Hamilton HM 08, Bermuda; 441-292-7731; fax: 441-292-7572
www.terra-nova.com
1997 1996
Prem. written $483,545,000 $311,166,000
Prem. earned $419,069,000 $278,756,000
Capital/surplus $481,888,000 $398,759,000
Net income $73,410,000 $63,906,000
Losses $282,480,000 $178,274,000
Loss ratio 67.4% 64%
Expenses $129,133,000 $92,569,000
Expense ratio 30.8% 33.2%
Combined ratio 98.2% 97.2%
Life NA 0.5%
Non-life 100% 99.5%
Founded: 1994.
Subsidiaries: Terra Nova (Bermuda) Insurance Co. Ltd.; Terra Nova Insurance Co. Ltd., London; Compagnie De Reassurance D'ile De France, Paris.
Employees: 583.
Locations: One domestic, four foreign.
Officers: John J. Dwyer, chairman; Nigel H.J. Rogers, president/CEO; John Riddick, deputy chairman; William J. Wedlake, CFO; Jean M. Waggett, general counsel.
The Toa Fire & Marine Reinsurance Co. Ltd.
6 Kanda-Surugadai, 3-chome, Chiyoda-ku, Tokyo 101-8703, Japan; 81-3-3253-3179; fax: 81-3-3257-1448
1997* 1996*
Prem. written $889,240,000 $1,020,843,000
Capital/surplus $248,016,000 $265,185,000
Net income $17,184,000 $13,536,000
Losses** $531,008,000 $615,042,000
Loss ratio*** 59.7% 60.2%
Expenses $341,488,000 $369,801,000
Expense ratio*** 38.4% 36.2%
Combined ratio*** 98.1% 96.4%
Domestic 86.1% 84.8%
Foreign 13.9% 15.2%
Life 1.6% NA
Non-life 98.4% 100%
* Fiscal years ending 3/31/98 and 3/31/97. ** Reflects paid losses only. *** Ratios calculated using premiums writtem; premiums earned figures not available.
Founded: 1940.
Subsidiaries: The Toa-Re Insurance Co. of America, Morristown, N.J.; The Toa-Re Insurance Co. (U.K.) Ltd., London. Figures from these subsidiaries are not included in the figures above.
Employees: 392.
Locations: One domestic, five foreign.
Officers: Hiroshi Ohashi, president/CEO; Koichiro Abe, senior managing director; Yoshio Shimizu, Sinhya Shimohira, Teruhiko Ohtani, managing directors.
The Tokio Marine & Fire Insurance Co. Ltd.
2-1, Marunouchi, 1-chome, Chiyoda-ku, Tokyo 100-8050, Japan; 81-3-5223-3158; fax: 81-3-3285-0132
1997* 1996*
Prem. written $873,504,000 $1,062,873,000
Capital/surplus $18,896,360,000 $20,786,085,000
Domestic 71.7% 72.2%
Foreign 28.3% 27.8%
* Fiscal years ending 3/31/98 and 3/31/97.
Transatlantic Reinsurance Co.
80 Pine St., New York, N.Y. 10005; 212-770-2000; fax: 212-248-0965
www.transre.com
1997 1996
Prem. written $1,291,655,428 $1,142,901,776
Prem. earned $1,259,250,536 $1,130,633,255
Capital/surplus $1,163,855,714 $952,706,694
Net income $170,301,367 $135,486,395
Losses $933,014,917 $841,511,101
Loss ratio 74.1% 74.4%
Expenses $337,160,934 $307,491,896
Expense ratio 26.8% 27.2%
Combined ratio 100.9% 101.6%
Treaty 94% 90%
Facultative 6% 10%
Domestic 52% 60%
Foreign 48% 40%
Founded: 1952.
Parent: Transatlantic Holdings Inc.
Subsidiaries: Putnam Reinsurance Co., New York; Trans Re Zurich, Zurich, Switzerland; Transatlantic Re (Argentina) S.A.; Transatlantic Re (Brasil) Ltda.
Employees: 350.
Locations: Two domestic, 10 foreign.
Officers: Robert F. Orlich, president/CEO; Steven S. Skalicky, senior vp/CFO; Robert V. Mucci, senior vp/actuary; Paul A. Bonny, senior vp-international operations; Javier E. Vijil, senior vp-Latin American division.
Trenwick America Reinsurance Corp.
1 Canterbury Green, Stamford, Conn. 06901; 203-353-5500;
fax: 203-353-5536
1997 1996
Prem. written $195,230,378 $226,363,644
Prem. earned $190,156,361 $211,068,439
Capital/surplus $322,849,603 $286,283,630
Net income $42,797,060 $29,555,028
Losses $109,554,174 $129,315,988
Loss ratio 57.6% 61.3%
Expenses $74,680,492 $77,841,101
Expense ratio 39.2% 36.9%
Combined ratio 96.8% 98.2%
Treaty 98% 97%
Facultative 2% 3%
Domestic 100% 100%
Non-life 100% 100%
Founded: 1984.
Parent: Trenwick Group Inc.
Employees: 72.
Locations: One domestic.
Specialties: Specialty property and casualty.
Officers: James F. Billett Jr., chairman/president/CEO; James E. Roberts, vice chairman; Stephen H. Binet, Paul Feldsher, executive vps; Robert A. Giambo, executive vp/chief actuary; Alan L. Hunte, executive vp/CFO/treasurer.
Contact: Alan L. Hunte, 203-353-5545.