E&S Reinsurance (Ireland) Ltd.
2 Custom House Plaza, IFSC, Dublin 2, Ireland; 353-1-612-5715; fax: 353-1-829-1400
1997 1996
Prem. written $137,761,950 $136,962,735
Prem. earned $137,445,700 $135,415,280
Capital/surplus $123,338,075 $139,047,510
Net income $12,596,525 $13,401,080
Losses $137,520,450 $77,042,245
Loss ratio 100% 56.9%
Expenses $14,951,725 $60,469,115
Expense ratio 10.9% 44.6%
Combined ratio 110.9% 101.5%
Treaty 100% 100%
Foreign 100% 100%
Non-life 100% 100%
Founded: 1992.
Parent: E&S Ruckversicherungs-A.G. (E&S Rueck).
Employees: Eight.
Locations: One domestic.
Specialties: Financial reinsurance, balance sheet protection covers.
Officers: Reinhard Elers, managing director.
E&S Rueck
Karl-Wiechert-Allee 50, Hannover 30625, Germany; 49-511-5604-0; fax: 49-511-5604-188
www.es-rueck.de
1997 1996
Prem. written $850,535,975 $817,661,390
Prem. earned $851,856,750 $826,785,855
Capital/surplus* $431,262,650 $449,692,950
Net income $9,476,575 $10,041,500
Losses $612,907,450 $673,747,410
Loss ratio 71.9% 81.5%
Expenses $252,331,850 $201,138,560
Expense ratio 29.6% 24.3%
Combined ratio 101.5% 105.8%
Treaty 99% 99%
Facultative 1% 1%
Domestic 94% 68%
Foreign 6% 32%
Life** 20% 12%
Non-life 80% 88%
* Includes share capital subscription receiveable and surplus debenture. ** Includes health business.
Founded: 1923.
Parent: Hannover Re.
Subsidiaries: E&S Reinsurance (Ireland) Ltd.; Hannover Life Re of Australasia Ltd., Australia. Figures from these subsidiaries are not included in the figures above.
Employees: 190.
Locations: One domestic, two foreign.
Specialties: Motor, commercial liability, surety, fidelity, credit, avation, marine, life, health, financial reinsurance.
Officers: Wilhelm Zeller, chairman; Udo Schubach, deputy chairman; Wolf Becke; Herbert K. Hass; Andreas-Peter Hecker; Jurgen Graber, deputy member.
Information for E&S Rueck and its subsidiaries is included in the consolidated Hannover Re Group listing.
Eagle Star Re
60 St. Mary Axe, London EC3A 8JQ, England; 44-171-929-1111; fax: 44-171-617-5506
www.eaglestarre.com
1997* 1996*
Prem. written $341,388,684 $307,031,400
Prem. earned $332,477,964 $307,759,920
Capital/surplus $381,329,676 $329,701,320
Net income $33,483,996 ($20,120,880)
Losses $263,881,800 $331,255,080
Loss ratio 79% 108%
Expenses $96,671,484 $74,638,200
Expense ratio 29% 24%
Combined ratio 108% 132%
Non-life 100% 100%
* All figures include both reinsurance and direct insurance business.
Founded: 1993.
Parent: Eagle Star Insurance Co. Ltd.
Subsidiaries: The Threadneedle Insurance Co. Ltd., London.
Employees: 280.
Locations: Three domestic, four foreign.
Specialties: Non-life, including property, accident, casualty, engineering and marine.
Officers: Alan Howell, managing director; Susan Gwynne, planning/marketing director; Stephen Redmond, underwriting/claims director; Andrew Wainwright-Brown, finance director.
Employers Reinsurance Group (GE Global Insurance Holding Corp.)
5200 Metcalf, P.O. Box 2991, Overland Park, Kan. 66201; 913-676-5200;
fax: 913-676-5380
www.erc.com
1997 1996
Prem. written $7,866,000,000 $5,910,000,000
Prem. earned $4,467,000,000 $4,648,000,000
Capital/surplus $5,374,000,000 $4,760,000,000
Net income $648,000,000 $567,000,000
Losses $3,260,000,000 $3,373,000,000
Loss ratio* 70.4% 71.4%
Expenses $1,439,000,000 $1,390,000,000
Expense ratio* 33.2% 30.6%
Combined ratio* 103.6% 102%
Domestic 64% 50.9%
Foreign 36% 49.1%
Life 49.9% 30.7%
Non-life 50.1% 69.3%
* Non-life only.
Founded: 1914.
Parent: General Electric Capital Services Inc.
Subsidiaries: Core Insurance Group, ERC Aachener Ruckversicherungs-Gesellschaft Aktiengesellschaft, ERC Frankona Reassurance Ltd., ERC Frankona Reinsurance A/S, ERC Frankona Reinsurance Ltd., ERC Frankona Ruckversicherungs-Aktien-Gesellschaft, ERC Life Reinsurance Corp., Employers Reassurance Corp., Employers Reinsurance Corp., First Excess & Reinsurance Corp., Industrial Risk Insurers, Irish European Reinsurance Co. Ltd., Luxembourg European Reinsurance S.A., Puritan Excess & Surplus Lines Insurance Co., Westport Insurance Corp.
Locations: 20 domestic, 23 foreign.
Officers: Kaj Ahlmann, chairman/president/CEO; John M. Connelly, senior vp/general counsel/secretary; Robert J. Dellinger, executive vp/CFO; C. Alan Mauch, executive vp; Hoyt H. Wood Jr., senior vp-property/casualty division.
Contact: Kaj Ahlmann.
Everest Reinsurance Co.
477 Martinsville Road, P.O. Box 830, Liberty Corner, N.J. 07938-0830; 908-604-3000; fax: 908-604-3322
1997* 1996*
Prem. written $1,020,097,000 $1,036,340,000
Prem. earned $1,039,975,000 $982,192,000
Capital/surplus $908,764,000 $772,691,000
Net income $193,057,000 $97,617,000
Losses $733,385,000 $713,345,000
Loss ratio 70.5% 72.6%
Expenses $328,566,000 $316,873,000
Expense ratio 31.6% 32.3%
Combined ratio 102.1% 104.9%
Treaty 89% 89%
Facultative 11% 11%
Domestic 65% 65%
Foreign 35% 35%
Non-life 100% 100%
* Figures are pro forma and reflect the inclusion of the Belgian and U.K. branches of Everest Re Ltd.
Founded: 1973.
Parent: Everest Reinsurance Holdings Inc.
Employees: 377.
Locations: Five domestic, five foreign.
Officers: Joseph V. Taranto, chairman/CEO; Thomas J. Gallagher, president/COO; Janet J. Burak, senior vp/general counsel/secretary; Stephen L. Limauro, vp/comptroller; William A. Fischer, Steven A. Mestman, Mark S. de Saram, Larry A. Frakes, David E. Schmitt, senior vps.
Contact: Janet J. Burak, 908-604-3170.
F
Folksamerica Reinsurance Co.
1 Liberty Plaza, 19th Floor, New York, N.Y. 10006; 212-312-2500;
fax: 212-385-2279
www.folksamerica.com
1997 1996
Prem. written $273,751,000 $157,948,000
Prem. earned $238,003,000 $143,270,000
Capital/surplus $275,830,000 $223,178,000
Net income $34,516,000 $19,371,000
Losses $165,642,000 $103,234,000
Loss ratio 69.6% 72%
Expenses $77,426,000 $43,423,000
Expense ratio 32.5% 30.3%
Combined ratio 102.1% 102.3%
Treaty 98% 93%
Facultative 2% 7%
Domestic 90% 85%
Foreign 10% 15%
Non-life 100% 100%
Founded: 1980.
Parent: Folksamerica Holding Co. Inc.
Employees: 111.
Locations: Three domestic, one foreign.
Officers: Steven E. Fass, president/CEO; Michael E. Tyburski, executive vp/CFO; Robert F. McGoldrick, executive vp-underwriting; James M. Willis, senior vp/Canadian branch manager; Rafael Saer, vp/Latin American branch manager.
Contact: Michael E. Tyburski, 212-312-2503.