BUSINESS INSURANCE DIRECTORY OF WORLDWIDE REINSURERS: W-X
Posted On: Aug. 30, 1998 12:00 AM CSTWinterthur Group
Gruzefeldstrasse 41, Winterthur CH-8401, Switzerland; 41/52/261-1111; fax: 41/52/261-5810
www.winterthur.com
1997 1996
Prem. written $825,119,094 $1,091,015,661
Prem. earned* $16,818,145,500 $18,824,361,500
Capital/surplus* $5,459,636,000 $4,163,621,000
Net income* $519,368,200 $484,690,500
Losses* $10,317,361,600 $11,383,505,000
Loss ratio* 76.4% 74.9%
Expenses* $3,560,338,600 $4,143,174,000
Expense ratio* 28.9% 29.8%
Combined ratio* 105.3% 104.7%
Treaty 90% 90%
Facultative 10% 10%
Domestic 1% 1%
Foreign 99% 99%
Life 30% 34%
Non-life 70% 66%
* Figures are consolidated and reflect all insurance services.
Founded: 1875.
Parent: Credit Suisse Group.
Subsidiaries: Winterthur Life Re/Republic Vanguard Life, Dallas; Winterthur Reinsurace Corp. of America, New York.
Employees: 277.
Locations: One domestic, four foreign.
Specialties: Non-life: credit, surety, aviation, liability, engineering, agricultural risks, structured reinsurance. Life: investment products, annuities, major medical, financial, direct marketing.
Officers: Bruno Meyenhofer, corporate executive board member/head of reinsurance; Kurt Angst, head of underwriting (non-life), Winterthur Re; Henry Atzenucile, head of marketing-Winterthur Re; Kurt H. Roth, head of life reinsurance-Winterthur Re.; Hardial Singh, reinsurance manager-Singapore branch.
Contact: Gordon A. Jardin, president-Winterthur Life Re, 214-555-1800; Robert C. Wood, president-Winterthur Re, 212-416-5700.
X
XL Mid Ocean Reinsurance Co. Ltd.*
P.O. Box HM 1066, Hamilton HM EX, Bermuda; 441-292-1358; fax: 441-292-0876
www.midoceanre.com
1997** 1996**
Prem. written $505,483,000 $525,672,000
Prem. earned $486,741,000 $436,097,000
Capital/surplus $1,372,961,000 $1,117,199,000
Net income $245,008,000 $211,644,000
Losses $216,171,000 $211,888,000
Loss ratio 44.4% 48.6%
Expenses $139,855,000 $104,527,000
Expense ratio 28.7% 24%
Combined ratio 73.1% 72.6%
Treaty 100% 100%
Foreign 100% 100%
Non-life 100% 100%
** Fiscal years ending 10/31/97 and 10/31/96.
Founded: 1992.
Parent: Mid Ocean Ltd.
Subsidiaries: Mid Ocean Reinsurance Co. Ltd., The Brockbank Group P.L.C.
Employees: 265.
Locations: Four foreign.
Specialties: Property catastrophe, property excess-of-loss, property pro rata, marine and energy, aviation and satellite.
Officers: Robert J. Newhouse Jr., chairman; Michael A. Butt, president/CEO; Charles F. Hays, senior vp/CFO; Henry C.V. Keeling, president/COO/chief underwriting officer-Mid Ocean Reinsurance Co. Ltd.; Mark E. Brockbank, CEO of The Brockbank Group P.L.C.
* XL Global Re and Mid Ocean Re merged to form XL Mid Ocean Reinsurance Co. Ltd. on Aug. 10, 1998; all information reflects Mid Ocean Ltd. only.