AK Insurance Bulletin B94-08
Accredited Reinsurers in the State of Alaska
BULLETIN 94-08
TO: ALL DOMESTIC INSURERS AND INTERESTED PARTIES
RE: ACCREDITED REINSURERS IN THE STATE OF ALASKA
Pursuant to AS 21.12.020, the Division of Insurance has reviewed the financial statements of
various foreign reinsurers. I have, under the authority granted in AS 21.12.020, issued the
following list of Accredited Reinsurers. These reinsurers have submitted to this state's authority
and laws stated in AS 21.12.020(a)(2)(A)-(C):
Abeille Reassurances - U.S. Branch
American Fuji Fire & Marine Insurance Company
Capital Reinsurance Company
Centre Reinsurance Company of New York
Commercial Risk Re-Insurance Company
Erie Insurance Exchange
Frankona America Life Reassurance Company
Frankona America Reinsurance Company
San Francisco Reinsurance Company
Sydney Reinsurance Corporation
Unionamerica Insurance Company, Ltd. (U.S. Reinsurance Trust)
United Republic Insurance Company
Western Atlantic Reinsurance Corporation
Winterthur Reinsurance Corporation of America
Zurich Reinsurance Centre
All domestic insurers are reminded that, pursuant to the law governing reinsurance credits, credit
for reinsurance transactions shall be allowed only if the reinsurance is ceded to an assuming
insurer that meets the criteria under AS 21.12.020. An Accredited Reinsurer is just one of the
acceptable assuming insurers thereunder.
The furnishing of this list does not place any liability on the Division of Insurance, State of
Alaska. The Division of Insurance reserves the right to remove a listing, acting on his own
initiative, and to refuse to list any company regardless of its financial condition.
Please review AS 21.12.020 at your earliest convenience. The Division of Insurance shall expect
all financial statements filed to be complete and truthful. Please TAKE NOTICE that filing a
false financial statement, or making a false entry therein, constitutes a violation of AS 21.36.060
as well as a criminal violation pursuant to AS 11.56.201.
Done this 28th day of June, 1994, at Juneau, Alaska.