Robust Reinsurance Program

Heritage Property & Casualty Insurance Company and Zephyr Insurance Company completed the placement of their 2016-2017 reinsurance programs. The programs are incorporated into one reinsurance structure that provides approximately $3.0 billion in reinsurance protection for catastrophic losses, and exceeds requirements established by Heritage’s rating agency, Demotech, Inc., the Florida Office of Insurance Regulation and the Hawaii Insurance Department. Heritage and Zephyr’s reinsurers are top-ranked institutions with A.M. Best Ratings of A- or better.  A representative list of reinsurer partners appears below (please note unrated reinsurers participating on the program are fully collateralized).




AM Best


Aeolus Re Ltd Bermuda  Fully Collateralized
American Standard Insurance Company of Wisconsin United States A 338.34
Amlin AG (Bermuda Branch) Switzerland A 1,547.35
Aquilo/CatCo Bermuda Fronted by AM Best “A+” Paper 
Aspen Re Bermuda  A 2,270.47
Axis Specialty Limited Bermuda  A+ 4,164.28
Chubb Tempest1 Bermuda  A++ 29,135.00
Cincinnati Re United States  A+ 4,412.43
Citrus Re Bermuda  Fully Collateralized
Coriolis Capital (obo Horseshoe Re) United Kingdom Fully Collateralized 
DaVinci Re Bermuda  A 1,412.26
Everest Reinsurance Company United States  A+ 3,210.89
Fermat Capital Management, LLC United States Fully Collateralized 
Fidelis Insurance Bermuda Limited Bermuda A- 1,181.80
General Insurance Corporation of India India  A- 6,701.75
Hannover Re (Bermuda) Ltd Bermuda  A+ 1,247.71
Hiscox Insurance Co (Bermuda) Limited Bermuda  A 435.73
Insurance Company of the West United States  A- 753.32
ILS Capital Bermuda Fully Collateralized 
Lancashire Insurance Company Limited Bermuda  A 1,000.50
Lloyd’s United Kingdom  A Lloyd’s Central Fund
Markel Bermuda Limited Bermuda  A 2,158.08
Nephila Capital Ltd Bermuda Fully Collateralized 
New India India  A- 5,345.67
 Odyssey Reinsurance Company United States  A 3,288.51
 Osprey Re Bermuda Fully Collateralized 
 Partner Reinsurance Co Ltd Bermuda  A 3,484.54
 Pillar Capital Bermuda Fully Collateralized 
 Qatar Reinsurance Company Limited Bermuda  A 531.75
 Renaissance Reinsurance Limited Bermuda  A+ 1,800.00
 Satec United Kingdom  Fronted by AM Best “A+” Paper
 Securis Bermuda Fully Collateralized 
 Swiss Reinsurance America Corporation United States  A+ 3,581.07
 Taiping Reinsurance Co, Ltd. Hong Kong  A 576.19
 Tokio Millennium Re AG Switzerland  A++ 1,205.89
 Transatlantic Reinsurance Company United States  A 4,816.93
 XL Catlin2 Bermuda  A 7,601.00

1) Reflects combined entity (ACE & Chubb) shareholder equity as of 12/31/15
2) Reflects combined entity surplus as of 12/31/14