Federated National Insurance

Federated National Insurance
Sunday, October 22, 2017

Reinsurance Program

Monarch National Insurance Company

Monarch National has a reinsurance program that affords its policyholders approximately $28.55 million of aggregate coverage, with a maximum single event limit of approximately $18.40 million. This reinsurance program, at a cost of approximately $1.415 million, is designed to reimburse Monarch National for losses incurred by our homeowner policyholders’ resulting from one or more catastrophic events, including hurricanes.

Property Catastrophe Excess Reinsurance Program
Effective June 1, 2016
Reinsurer Name AM Best Rating S&P Rating Surplus Amount (USDmn)
United States Markets
Odyssey Reinsurance Company A A- 3,168.8
Transatlantic Reinsurance Company A A+ 4,935.4
 
Bermuda Markets
DaVinci Reinsurance Ltd. A AA- 1,412.3
Renaissance Reinsurance, Ltd. A+ AA- 1,800.0
 
Hedge Funds/Collateralized Markets
Pillar Capital Management Limited (Utilizing Hannover Ruckversicherung-Aktiengesellschaft AG) A+ AA- 6.182.8