Reinsurance
St. Johns Insurance Company maintains an extensive reinsurance portfolio to provide
the financial stability and peace of mind you would expect from an insurer protecting
your home. Our current program incorporates Quota Share, Catastrophic Excess of Loss,
and Property Per Risk reinsurance.
Quota Share
Quota Share reinsurance is purchased so that losses are shared by a stated percentage/amount
for each risk within a defined category of business. The participation in each risk is fixed and certain.
Catastrophe Excess of Loss and Property Per Risk
Catastrophe excess of loss reinsurance protects the Company in the event losses exceed a specified
retention level for catastrophic losses. The Company participates in the coverage provided by the
Florida Hurricane Catastrophe Fund. For non-catastrophic losses the property per risk reinsurance
limits the Company’s exposure at $300,000.
Reinsurance is placed in the Domestic, Bermuda, International, and London markets.
Reinsurance Program:
Effective: June 1, 2012
| Domestic Markets |
A.M. Best Rating |
| Munich Reinsurance America, Inc. |
A+ |
| Liberty Mutual Insurance Co |
A |
| General Reinsurance Corporation |
A++ |
| |
| Bermuda Markets |
| ACE Tempest Reinsurance Ltd. |
A+ |
| Allied World Assurance Company Ltd. |
A |
| Amlin Bermuda, Ltd. |
A |
| Arch Reinsurance Ltd. |
A+ |
| Allianz Risk Transfer AG |
A |
| Catlin Insurance Company Ltd. |
A |
| Canopius Underwriting Bermuda Ltd. |
A |
| Endurance Specialty Insurance Ltd. |
A |
| Montpelier Reinsurance Ltd. |
A- |
| Platinum Underwriters Bermuda, Ltd. |
A |
| Renaissance Reinsurance Ltd. |
A+ |
| Tokio Millennium Re Ltd. |
A++ |
| XL Re Ltd. |
A |
| |
|
| European and Other Markets |
| Flagstone Reassurance Suisse SA |
A- |
| Muenchener Rueckversicherungs-Gesellschaft |
A+ |
| |
| Lloyds of London |
| Lloyd's Syndicate #4141 HCC |
A |
| Lloyd's Syndicate #0510 KLN |
A |
| Lloyd's Syndicate #2001 AML |
A |
| Lloyd's Syndicate #2003 SJC |
A |
| Lloyd's Syndicate #2791 MAP |
A |
| Lloyd's Syndicate #0623 AFB |
A |
| Lloyd's Syndicate #0780 ADV |
A |
| Lloyd's Syndicate #1880 KLN |
A |
| Lloyd's Syndicate #1955 BAR |
A |
| Lloyd's Syndicate #2987 BRT |
A |
| Lloyd's Syndicate #1084 CSL |
A |
| Lloyd's Syndicate #4000 PEM |
A |
| Lloyd's Syndicate #2623 AFB |
A |
| |
| * Not Rated - Fully collateralizes its potential obligation with the Company. |
Reinsurance (PDF)