Reciprocal Reinsurer Status

Overview

Brit Reinsurance (Bermuda) Limited has been approved as a reciprocal jurisdiction reinsurer in the following states of the US:

    • Alabama
    • Arizona
    • California
    • Colorado
    • Commonwealth of Massachusetts
    • Connecticut
    • Delaware
    • District of Columbia
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Oklahoma
    • Rhode Island
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia (Commonwealth of)
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

Reciprocal reinsurer status eliminates the requirement to post collateral on a prospective basis (for new and renewing treaties). Where reciprocal reinsurer status has not been obtained, a letter of credit will be required.