EFSA REINSURERS' LIST 2017

COUNTRY RATING
SER COUNTRY REINSURER
Rate S&Ps A.M BEST Fitch Moody's
1 Algeria BBB- Compagnie Centrale De Reassurance (CCR) B+
2 Australia AAA QBE Insurance (International) Ltd A+ A
3 Austria AA+ Uniqa Insurance Group A-
4 Vienna Insurance Group AG Wiener Versicherung A+
5 Bahrain BBB Arab Insurance Group ( ARIG ) - B++
6 Bahrain National Insurance Company B++
7 Hannover ReTakaful B.S.C. A+ -
8 The Mediterranean & Gulf Insurance & Reinsurance Company A-
9 Saudi Arabian Insurance A-
10 Trust International Insurance & Reinsurance Company B.S.C. (c) Trust Re A- A-
11 Belgium AA Aviabel Cie. Belge d'Assurances Aviation S.A. A-
12 AA Euler Hermes S.A. AA-
13 Bermuda AA- ACE Bermuda Insurance Ltd. (Chubb Bermuda Insurance Ltd) AA A++
14 ACE Tembest Reinsurance Ltd (Chubb Tembest Reinsurance Ltd ) - A++
15 Arch Re A+ A+
16 Argo Re A
17 Aviva Re Ltd. A+ -
18 AXIS Specialty Ltd A+ A+
19 Equator Reinsurances Ltd. A+
20 Evergreen Insurance Company Limited - A
21 Ironshore Insurance Ltd - A
22 International General Insurance Company Limited A- A-
23 Endurance Specialty Insurance Ltd (Montpelier Reinsurance Ltd.) A A
24 Partner Reinsurance Co. Ltd. A+ A
25 Qatar Reinsurance Company Limited A
26 RGA International Reinsurance Co. Ltd. AA-
27 XL Bermuda Ltd A A2
28 XL Re Ltd. - A2
29 Allied World Assurance Co A

Updated as of 20-12-2016)

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 EFSA REINSURERS' LIST 2017
COUNTRY RATING
SER COUNTRY REINSURER
Rate S&Ps A.M BEST Fitch Moody's
30 Barbados BB+ Ocean International Reinsurance Company Limited A-
31 Brazil BBB- IRB Brasil Resseguros S.A. A-
32 China AA- China Reinsurance (Group) Corporation A+ A
33 Huatai Insurance Co., Ltd. A-
34 Nipponkoa Insurance CO. (China) LTD. - A-
35 Ping An Property & Casualty Insurance Co. of China Ltd. A-
36 France AA AWP Health & Life S.A. A+
37 Assurances Mutuelles De France A+ A
38 AXA Corporate Solutions Assurance AA-
39 AXA France Vie AA-
40 AXA France IARD AA- -
41 AXA Global P&C A A+
42 Caisse Centrale De Reassurances AA A+
43 Coface sa NR - AA- A2
44 Euler Hermes Reinsurance AG AA- -
45 GMF Assurances BBB Baa3
46 MMA IARD Assurances Mutuelles A+
47 SCOR SE AA- A
48 SCOR Global Life SE AA- A
49 SOGECAP S.A A- -

Updated as of 20-12-2016)

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 EFSA REINSURERS' LIST 2017
COUNTRY RATING
SER COUNTRY REINSURER
Rate S&Ps A.M BEST Fitch Moody's
50 Germany AAA Allianz Private Krankenversicherungs-AG AA
51 Allianz Global Corporate & Specialty SE AA A+
52 Allianz SE AA A+
53 Delvag Luftfahrtversicherungs-AG - A
54 DEVK Deutche A+ -
55 International Insurance Co. of Hannover SE AA- A+
56 General Reinsurance AG AA- A++
57 Gothaer Allgemeine Versicherung AG A- A-
58 Hannover Rueck SE AA-
59 HDI-Gerling Welt Service Ag A+ -
60 Munchener Ruck.(Munich Re.) A+
61 R + V. Versicherung AG AA- -
62 VHV Allgemeine Versicherung AG A -
63 Wuerttembergische versicherung AG A- -
64 Guernsey AA+ Jupiter Insurance Limited A
65 Holland AA+ Nationale Borg Reinsurance N.V. A-
66 Hong Kong AAA Peak Reinsurance Company Limited (Peak Re) A-
67 Sinopec Insurance Ltd. A+
68 India BBB- ICICI Lombard General Insurance Co LTd
69 India International Insurance Pte. Ltd. A-
70 General Insurance Corporation of India A-
71 The New India Assurance Company Limited A-
72 The Oriental Insurance Company Limited B++

Updated as of 20-12-2016)

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 EFSA REINSURERS' LIST 2017
COUNTRY RATING
SER COUNTRY REINSURER
Rate S&Ps A.M BEST Fitch Moody's
73 Ireland A- Atradius Reins.LTD A
74 Eni Insurance ltd. A
75 Markel Europe plc - A+
76 RGA International Re Co Limit AA-
77 Zurich Insurance plc AA- A+
78 Italy BBB Assicurazioni Generali SPA A
79 Generali Itallia S.P.A A
80 SIAT - Societ Italiana Assicurazioni e Riassicurazioni p.A. A-
81 UnipolSai Assicurazioni S.p.A. A- BBB
82 Japan AA- AIOI Nissay Dowa Insurance co. Ltd A+ A+
83 The Fuji Fire & Marine Insurance Co. Ltd. A+ -
84 Mitsui Sumitomo Ins. Co. LTD A+ A+
85 SOMPO Japan Insurance Co. A+ A+
86 Toa Re. Co. A+ A+
87 Tokio Marine Nichido& Fire Ins. Co. A+ A++
88 Jordan BB Arab Orient Insurance Company (gig Jordan) B++
89 Jordan Insurance co. B++
90 Middle East Insurance B++
91 Kazakhstan BBB+ Eurasia Insurance Co. JSC BB+ B++
92 kenya B+ Kenya Re B+
93 ZEP-RE (PTA Reinsurance Company) B+
94 Kuwait AA Al-Ahleia Insurance Co. S.A.K. A- A3
95 Gulf Ins. And Reinsuerance Co. A- -
96 Kuwait Reins. Co. A-

Updated as of 20-12-2016)

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 EFSA REINSURERS' LIST 2017
COUNTRY RATING
SER COUNTRY REINSURER
Rate S&Ps A.M BEST Fitch Moody's
97 Korea A+ Dongbu Insurance Co. Ltd A-
98 Samsung Fire & Marine in. co. Ltd. AA-
99 Korean Re. A
100 Lebanon B Arab. Re. Co. B+
101 Malaysia A- ACR ReTakaful Berhad (ACR ReTakaful) B++
102 Labuan Re A-
103 Malaysian re A-
104 Tokio Marine Global Re (Asia Ltd)
104 Malta A- QEL(Qic Europe Limited) A
105 Mexico BBB+ Reaseguradora Patria, S.A. (Patria Re) A
106 Netherlands AA+ Aegon N.V. A-
107 Delta Lloyd Schadeverzekerina N.V. A-
108 New Zealand AA CBL Insurance Limited A-
109 Nigeria BB- African Re. A- A
110 Continental Reinsurance Plc. B+
111 Oman A Oman Reinsurance Co - -
112 Panama BBB Barents Reinsurance A-
113 Qatar AA Al Koot Insurance & Reinsurance Company S.A.Q. A-
114 Doha insurance CO. Q.S.C A- A-
115 Qatar General Insurance and Reinsurance Company S.A.Q. - A-
116 Qatar Reinsurance Company Ltd. A -
117 Qatar Insurance Co. S.A.Q. A A

Updated as of 20-12-2016)

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 EFSA REINSURERS' LIST 2017
COUNTRY RATING
SER COUNTRY REINSURER
Rate S&Ps A.M BEST Fitch Moody's
118 Russia BB- Alfa Strakhovanie Plc.
119 Ingosstrakh Ins. Co. BB+ -
120 OJSC INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ B++
121 Unity Reinsurance Company Ltd. B+
122 Romania BBB- Astra Asigurari
123 Saudi Arabia AA- Saudi Re for Cooperative Reinsurance Co. BBB+ -
124 Singapore AAA Asia CapitaL Rereinsurance group pte ltd. A- A-
125 First Capital Insurance Limited A
126 India International Insurance Pte. Ltd. A-
127 Slovenia A- Pozavarovalnica Sava, d.d (Sava Re) A- A-
128 Triglav Reinsurance Co A
129 South Africa BBB+ Santam Ltd BBB -
130 Spain BBB+ Mapfre Global Risks compania Intenacional de Sguros y Reasegrous S.A A
131 MAPFRE RE, Compania de Reaseguros, S.A. A A
132 Sweden AAA IF P&C Insurance Ltd (Publ) A+ A2
133 Lansforsakringar Sak Forsakrings AB A
134 Sirius Inter. Ins. Corp. A- A
135 Switzerland AAA Allianz Suisse Versich. AA- -
136 Allianz Risk Transfer AG AA-
137 Echo Rueckversicherungs - AG (Echo Re) A-
138 Amlin AG A -
139 Helvetia Schweizerische Co. A -
140 Helvetia Schweizerische Versicherungs-Gesellschaft in Liechtenstein AG A
141 Omnium Reinsurance Co. SA A+
142 Swiss Re. Co. AA- A+
143 Trans Re. Zurich A+ A+
144 partner reinsurance company ltd A+
145 Zurich Insurance Co. Ltd. AA- A+

Updated as of 20-12-2016)

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 EFSA REINSURERS' LIST 2017
COUNTRY RATING
SER COUNTRY REINSURER
Rate S&Ps A.M BEST Fitch Moody's
146 Taiwan AA- Central Reinsurance Corporation A A
147 Thailand BBB+ Asian Re - B+
148 Tunis BB- Societe Tunisienne de Reassurance (Tunis Re) (Tunisia) - B+
149 Turkey BB+ Anadolu Sigorta
150 Mapfre Genel Sigorta A.S AA
151 Milli Re B+
152 U.A.E A Al Ain Ahlia Co. - - A3
153 Al Buhaira National Insurance Co. (PSC) BB+ -
154 Abu Dhabi National Insurance Co. (PSC) A- -
155 Alliance Insurance (PSC) A-
156 Emirates Ins. Co. (PSC) A-
157 Emirates Retakaful limited B++
158 Gulf Reinsurance limited A-
159 National General Insurance Company (P.S.C.) - A-
160 Oman Insurance Company P.S.C. A- A
161 Orient Insurance P.J.S.C. A A
162 Takaful Re BBB

Updated as of 20-12-2016)

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 EFSA REINSURERS' LIST 2017
COUNTRY RATING
SER COUNTRY REINSURER
Rate S&Ps A.M BEST Fitch Moody's
163 U.K AAA ACE European Group Limited AA A++
164 AIG Europe Ltd. A+ A
165 MS Amlin PLC BBB+
166 Arch Insurance Co. (Europe) Ltd. A+ A+
167 Aspen Insurance U.K. Ltd. A A
168 Aviva Insurance Limited A+ A
168 AXA Corporate Solutions Assurance AA- -
169 AXA-PPP HEALTHCARE LIMITED AA- -
170 Berkshire Hathaway International Insurance Ltd. AA+ -
171 Bupa Insurance Limited - - A+
172 Catlin Insurance Co. (U.K.) Ltd. A+ A
173 Chubb Insurance Co. of Europe SE AA A++
174 CNA Insurance Co. Ltd. A -
175 Ecclesiastical Insurance Office PLC A- A
176 Great Lakes Reinsurance (U.K.) SE AA- A+
177 HCC International Insurance Co. PLC AA- -
178 Hiscox Ins. Co. Ltd. A A
179 International Insurance Co. of Hannover SE AA-
180 Lancashire Insurance Co. Ltd. A- A
181 Legal & General Assurance Society Ltd. AA- A+
182 Liberty Mutual Insurance Europe Ltd. A A
183 Lloyd's A+ A
184 QBE Insurance (Europe) Limited A+ A
185 QBE Re (Europe) Ltd. A+ A
186 Royal & Sun Alliance Reinsurance Ltd. A -
187 SCOR UK Company Limited A
188 Starr Insurance & Reinsurance Limited A
189 Starr International (Europe) Limited A
190 StarStone Insurance plc - A-
191 TransRe .London Limited A+
192 Travelers insurance Co A
193 TT Club Mutual Insurance Limited A-
Updated as of 20-12-2016)
194 XL insurance company SE A+
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 EFSA REINSURERS' LIST 2017
COUNTRY RATING
SER COUNTRY REINSURER
Rate S&Ps A.M BEST Fitch Moody's
195 U.S.A AA+ Allianz Global Risks U.S. Insurance Co. AA
196 American Agricultural insurance CO. - A-
197 American Home Assurance CO. A+ A
198 American International Group (Chartis) A- BBB
199 American Life Insurance-Delaware AA-
200 Berkley Regional Insurance Co. A+ A+
201 Continental Casualty Co. A A
202 Everest National Insurance Co. A+ A+
203 Factory Mutual Insurance Co. A+ A+
204 GBG Insurance limited USA B++
205 General Re. Co. AA A++
206 General Security Indemnity Co. of Arizona AA- A
207 Houston Casuality - A++
208 Liberty Mutual Ins. Co. A A
209 MetLife Insurance Company USA(MICUSA) A+
210 MetLife Investors USA insurance Company A+ A+
211 National Liability & Fire Ins. Co. AA+ A++
212 National Union Fire Ins. Co. Of Pitisburgh Pennsylvania A+ A
213 Navigators Ins. Co. A A
214 New Hampshire Ins. A+ A
215 Odyssey Reinsurance Company A- A
216 Prudential Ins. Co. of America AA- A+
217 State Automobile Mutual Ins Co. - A-
218 Transatlantic Re. Co. A+ A+
219 Travelers Companies inc. A+
220 Zurich American Insurance Company A+

Updated as of 20-12-2016)

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 EFSA REINSURERS' LIST 2017
COUNTRY RATING
SER COUNTRY REINSURER
Rate S&Ps A.M BEST Fitch Moody's
221 Vietnam BB- PetroVietnam Insurance Corporation (PVI) B++
No. of companies =221
No. of arab companies = 32

Special Situation Listing

2017
2017
1 Ghana Ghana Re
4 Saudi Arabia Malath Cooperative Insurance & Reinsurance Co.
2 U.A.E Al Dhafra Ins. Co.
3 U.A.E Takaful Re

Updated as of 20-12-2016)

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