includes additional financial and trust fund information April 2014

Transcription

1 includes additional financial and trust fund information April 2014

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3 Quarterly Listing of Alien Insurers includes additional financial and trust fund information 201

4 The NAIC is the authoritative source for insurance industry information. Our expert solutions support the efforts of regulators, insurers and researchers by providing detailed and comprehensive insurance information. The NAIC offers a wide range of publications in the following categories: Accounting & Reporting Information about statutory accounting principles and the procedures necessary for filing financial annual statements and conducting risk-based capital calculations. Consumer Information Important answers to common questions about auto, home, health and life insurance as well as buyer s guides on annuities, long-term care insurance and Medicare supplement plans. Financial Regulation Useful handbooks, compliance guides and reports on financial analysis, company licensing, state audit requirements and receiverships. Legal Comprehensive collection of NAIC model laws, regulations and guidelines; state laws on insurance topics; and other regulatory guidance on antifraud and consumer privacy. Market Regulation Regulatory and industry guidance on market-related issues, including antifraud, product filing requirements, producer licensing and market analysis. NAIC Activities NAIC member directories, in-depth reporting of state regulatory activities and official historical records of NAIC national meetings and other activities. Special Studies Studies, reports, handbooks and regulatory research conducted by NAIC members on a variety of insurancerelated topics. Statistical Reports Valuable and in-demand insurance industry-wide statistical data for various lines of business, including auto, home, health and life insurance. Supplementary Products Guidance manuals, handbooks, surveys and research on a wide variety of issues. Securities Valuation Office Information regarding portfolio values and procedures for complying with NAIC reporting requirements. White Papers Relevant studies, guidance and NAIC policy positions on a variety of insurance topics. For more information about NAIC publications, view our online catalog at: National Association of Insurance Commissioners. All rights reserved. Printed in the United States of America No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any storage or retrieval system, without written permission from the NAIC. NAIC Executive Office 444 North Capitol Street, NW Suite 701 Washington, DC NAIC Central Office Regulator 1100 Walnut Street Use Only Suite 1500 Kansas City, MO NAIC Capital Markets & Investment Analysis Office 48 Wall Street, 6th Floor New York, NY

5 Companion Products The following companion products provide additional information on the same or similar subject matter. Many customers who purchase the Quarterly Listing of Alien Insurers also purchase one or more of the following: Compendium of State Laws on Insurance Topics Two individual Compendium charts Company Deposit Requirements (CF-15) and Capital and Surplus and Deposit Requirements for Surplus Lines Companies (CF-30) combine the states' statutes and regulations on this topic in a clear, concise format. The Compendium is available for purchase as a three-volume set; by individual volume; by individual chart; and by quarterly update. International Insurance Solvency Survey Helps readers familiarize themselves with other countries insurance systems and the data other countries collect from insurance comp anies. Summarizes the findings of a survey completed by nearly 100 countries/provinces. Each entity answered questions addressing regulation, filing requirement s, limitations, examinations, supervision and disclosure. Copyright Insurance Regulatory Information System (IRIS) IRIS has been used since 1972 to help insurance regulators evaluate the financial condition of insurance companies. IRIS Ratio Results includes ratio results for each of the more than 5,000 comp anies that file with the NAIC every year. The IRIS Ratios Manual explains the ratio calculations and provides worksheets and benchmarks. Journal of Insurance Regulation The JIR is a forum for opinion and discussion of major regulatory and public policy issues in insurance. This publication also provides a wide distribution of rigorous, high-quality research regarding insurance regulatory issues. Individual articles and previous quarterly issues are available in electronic format only. The annual compilation is available in either hardcopy or electronic format. Model Laws, Regulations and Guidelines The Uniform Deposit Law (MDL-300) creates a uniform law for deposit s, establishing deposit requirements, circumstances for reciprocity, depository designation, rights of the insurer, the treatment and release of deposit s, and addresses deposits made with foreign or alien insurers. The Nonadmitted Insurance Model Act (MDL-870) sets forth requirements for conducting surplus lines insurance business. It also includes requirement s for taxation of independently procured insurance, as well as procedures for actions by and against unauthorized insurers. International orders must be prepaid, including shipping charges. Please contact an NAIC Customer Service Representative, Monday - Friday, 8:30 am - 5 pm CT.

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7 Quarterly Listing of Alien Insurers... Volume 203, April 1, 2014 For Subscribers Use Only Not for Publication The nonadmitted alien insurers whose names appear in this list have filed financial statements, copies of auditors reports, the name of their U.S. attorneys or other representative, and details of U.S. trust accounts with the NAIC International Insurers Department and, based upon these documents and other information, appear to fulfill the criteria set forth in the International Insurers Department Plan of Operation for Listing of Alien Nonadmitted Insurers. The NAIC cannot and does not guarantee its accuracy and assumes no responsibility for loss or damage resulting from the use of this information. Subscribers are further cautioned that the NAIC does not attempt to analyze or consider either the political stability of the domiciliary country or its diplomatic relationship with the United States. Other alien nonadmitted insurers may be added to this list upon fulfilling the criteria set forth in the International Insurers Department Plan of Operation for Listing of Alien Nonadmitted Insurers. A copy of this Plan of Operation and Application for Listing may be obtained from the International Insurers Department at the address shown above or from the NAIC website at Surplus lines brokers using the alien insurers listed within are reminded that they must observe applicable State insurance laws and regulations. We would especially urge caution with respect to State laws and regulations covering trust funds. The appearance of the name of any alien insurer on this list should not be considered an endorsement by the NAIC. The current NAIC Quarterly Listing of Alien Insurers remains in effect until publication of the next NAIC Quarterly Listing of Alien Insurers or until any published modification of the list. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any storage or retrieval system, without written permission from the NAIC National Association of Insurance Commissioners 1

8 ALIEN INSURERS PLACING DIRECT COVERAGE The nonadmitted alien insurers whose names appear in this list have filed financial statements, copies of auditors reports, the name of their United States attorneys or other representative, and details of their U.S. trust account with the NAIC International Insurers Department. Based on these documents and other information the insurers appear to fulfill the following listed criteria established by the NAIC concerning (A) capital and/or surplus, or the substantial equivalent thereof; (B) U.S. trust accounts, and (C) character, trustworthiness and integrity. A. Capital and/or Surplus Funds A company must possess and continually maintain capital and/or surplus adequate to its obligations. Beginning April 1 st, 2012, any company applicant must report and continually maintain a capital and/or surplus amount of $30,000,000. This capital and/or surplus minimum amount will also apply to all listed insurers reporting year-end 2012 financial results to the IID. Beginning in January, 2013, any company applicant must report and continually maintain a capital and/or surplus amount of $45,000,000. This increased capital and/or surplus minimum amount will also apply to all listed companies reporting year-end 2013 financial results to the IID. In determining whether a company's capital and/or surplus is adequate to meet the obligations, the following factors may be considered: (1) The size of the company as measured by its assets, capital and/or surplus, reserves, premium writings, insurance in force and/or other appropriate criteria. (2) The kinds of business the company writes, its net exposure and the extent to which the company's business is diversified among several lines of insurance and geographic locations. (3) The past and projected trend in the size of the company's capital and/or surplus considering such factors as premium growth, operating history, loss and expense ratios and such other criteria as appropriate. In the case of a group including incorporated and individual unincorporated underwriters, the incorporated underwriters shall not be engaged in any business other than underwriting as a member of the group and shall be subject to the same level of solvency regulation and control by the group's domiciliary regulator as are the unincorporated members, and shall, in lieu of capital and surplus, provide a U.S. trust account of not less than $100,000,000 available for the benefit of United States surplus lines policyholders of any member of the group. B. U.S. Trust Account The insurer must establish a U.S. trust account, in a qualified United States financial institution, consisting of cash deposited with the trustee, securities or an acceptable letter of credit on behalf of U.S. policyholders at an appropriate level. In no event may the Trust Fund Minimum Amount be less than the lesser of: (a) $150,000,000; or (b) for business written on or after January 1, 1998, 30% of any amount up to the first $200,000,000 plus 25% of any amount up to the next $300,000,000 plus 20% of any amount up to the next $500,000,000 plus 15% of any amount in excess of $1,000,000,000 of either the Company s United States gross surplus lines liabilities or the Company s direct non-admitted United States liabilities excluding 2014 National Association of Insurance Commissioners 2

9 liabilities arising from aviation, wet marine and transportation insurance and direct placements, except that in no event shall the Trust Fund Minimum Amount be less than $5,400,000. The Trust Fund Amount shown in B. (i) (a) will apply beginning in July 2013, the normal and customary month for adjusting the Trust Fund Minimum Amount, and will be based on a company s 2012 Loss Reserve Certification. Until then, the former amount of $100,000,000 will prevail as the non-computed Trust Fund Minimum Amount. In the case of a syndicate operating within a group including incorporated and individual unincorporated underwriters, for the total of all years of account the Trust Fund Minimum Amount shall be 30% of any amount up to the first $200,000,000 plus 25% of any amount up to the next $300,000,000 plus 20% of any amount up to the next $500,000,000 plus 15% of any amount in excess of $1,000,000,000 of the syndicate s U.S. excess or surplus lines liabilities. Such trust account shall contain all provisions considered necessary by the IID and expressed in the Standard Trust Agreement in effect at the time of the application, and have an expiry date which at no time shall be less than five years hence. In considering what constitutes an appropriate level, the IID shall be governed by the recommendations, if any, of the IID Plan of Operation Review Group and the Chairs. Other factors which may be considered include the following: (1) The types and amounts of such coverage which the insurer writes or proposes to write in the United States. (2) The assets which comprise the trust and their valuation. Any such asset or assets may be discounted for the purposes of determining the adequacy of an insurer's U.S. trust whenever the asset so warrants. (3) The terms and conditions of the trust agreement. An insurer dissatisfied with the determination of the appropriate level for its trust may request a reconsideration before the Committee. This request must be made in writing within thirty (30) days after issuance of notice to the insurer regarding the determination by the IID of the appropriate level and shall include an agreement by the insurer to submit to an examination or audit of its affairs if deemed necessary by the Chairs and pay the expense of such examination. If the insurer fails to request a reconsideration as set forth above, its right to reconsideration shall be considered waived. All requests for reconsideration shall be submitted to the Chair of the Committee at the NAIC office in Kansas City. Upon receipt of a request for reconsideration, the Chair of the Committee shall appoint a group consisting of three Committee members other than the Chairs, and shall designate a Chair of the group, who shall reconsider the appropriate level for the trust and render a recommendation to the full Committee. The full Committee shall then issue a final decision. The IID shall periodically review the market value of each insurer's U.S. trust account in order to ascertain that it continues to meet the established minimum criteria. In determining an insurer's compliance with the established minimum criteria, credit shall be allowed only for securities readily marketable on regulated U.S. national or principal regional security exchanges or those determined by the Securities Valuation Office of the NAIC to have substantially equivalent liquidity characteristics. This latter qualification may be affected by obtaining a determination from the NAIC's Securities Valuation Office that the security has liquidity characteristics substantially equivalent to those securities readily marketable on regulated U.S. national or principal regional security exchanges and filing a copy of the report of the Securities Valuation Office with the IID. The term acceptable letter of credit shall mean a clean, unconditional, irrevocable letter of credit which must be issued or confirmed by a qualified United States financial institution National Association of Insurance Commissioners 3

10 As contained herein, a "qualified United States financial institution" means an institution that: (1) is organized and licensed (or in the case of a U.S. office of a foreign banking organization, licensed) under the laws of the United States or any state thereof; and, (2) is regulated, supervised and examined by U.S. federal or state authorities having regulatory authority over banks and trust companies; and, (3) has been determined by the Securities Valuation Office of the NAIC as an acceptable financial institution; and, (4) has been granted authority to operate with trust powers, if such qualified United States financial institution is to act as the fiduciary of the trust. C. Character, Trustworthiness and Integrity An insurer desiring the inclusion of its name on the quarterly listing shall have an established reputation of financial integrity and satisfactory underwriting and claims practices. The competence, experience and integrity of those persons who control or conduct the affairs of the insurer shall be such that it would be in the best interest of the policyholders, creditors or the general public to include the name of the insurer on the quarterly listing National Association of Insurance Commissioners 4

11 Quarterly Listing of Alien Insurers Quarterly Listing of Alien Insurers Volume 203, April 1, 2014 As at 12/31/2012 Trust Fund Market Value Net Code Insurer Country Trustee 1 Minimum of Trust Fund Total Shareholders' Income/ 12/31/ /31/2013 Assets Equity Loss AA ACE European Group Limited England DB $27,877,800 $27,877,800 L/C 5,518,437,000 1,538,006, ,961,000 AA ACE Seguros, S.A. 2 Mexico CB 5,400,000 5,600,000 L/C 187,780, ,035,884 8,273,497 AA AIG Europe Limited England DB 150,000, ,335,383 8,725,266,000 2,412,100, ,582,000 AA Allianz Global Corporate & Specialty SE Germany MB a 16,663,589 22,929,174 10,061,108,000 2,828,151,000 0 AA Ally International Insurance Company Ltd. Bermuda SSBTKC 5,400,000 8,081, ,648,017 70,337,809 9,000,591 AA AmTrust International Underwriters, Ltd. Ireland JPM d 5,400,000 5,956, ,246, ,438,038 21,443,020 AA Arch Insurance Company (Europe) Limited England BNY b 14,646,955 18,132, ,295, ,916,000 7,274,000 AA Aspen Insurance UK Limited a/k/a Aspen Re England BNY a 87,189, ,638,775 3,911,000,000 1,356,000,000 13,000,000 AA Associated Electric & Gas Insurance Services Ltd (AEGIS) Bermuda NTC 150,000, ,237,180 3,734,890,000 1,097,019,000 17,616,000 AA Assuranceforeningen SKULD (Gjensidig) Norway BNY a 5,400,000 5,639, ,569, ,425,425 17,517,697 a/k/a SKULD P&I Club AA AXA Corporate Solutions Assurance France CB 5,400,000 45,337,604 9,148,106,561 1,097,486, ,087,092 AA AXIS Specialty Europe SE Ireland BNY a 16,687,500 26,686, ,421, ,837,761 28,502,018 AA Berkshire Hathaway International Insurance Limited England WF a 14,444,492 15,066, ,607, ,220,000 8,144,000 AA Britannia Steam Ship Insurance Association Limited, The England BNY a 5,400,000 5,401,026 1,159,276, ,817,000 36,140,000 AA Catalina London Limited England BBH 7,399,800 7,836, ,077,000 73,635,000 11,680,000 AA Catlin Insurance Company (UK) Limited England JPM b 23,935,200 24,847, ,799, ,046,000 2,225,000 AA CNA Insurance Company Limited England CB 5,400,000 10,001,461 1,276,471, ,565,702 59,838,568 AA Endurance Specialty Insurance Ltd Bermuda BNY a 5,400,000 7,201,072 6,449,287,000 3,023,599, ,109,000 AA Energy Insurance Mutual Limited Barbados SSBT 150,000, ,231,705 1,451,261, ,975,938 40,343,150 AA Gard Marine & Energy Limited Bermuda JPM c 5,400,000 6,088, ,889, ,833,000 52,600,000 AA Gard P.&I. (Bermuda) Ltd. Bermuda JPM c 5,400,000 5,400,000 1,298,981, ,033,000 51,659,000 AA GENERALI, Assicurazioni Generali, S.p.A. Italy CB 5,400,000 7,294,560 L/C 34,574,966,000 12,636,337,000 (7,860,000) a/k/a Assicurazioni Generali Di Trieste 2014 National Association of Insurance Commissioners 5

12 Quarterly Listing of Alien Insurers As at 12/31/2012 Trust Fund Market Value Net Code Insurer Country Trustee 1 Minimum of Trust Fund Total Shareholders' Income/ 12/31/ /31/2013 Assets Equity Loss AA Great Lakes Reinsurance (UK) PLC England BNY a 108,957, ,693,015 2,069,440, ,487,000 45,376,000 AA Infrassure Ltd. Switzerland DB 5,400,000 5,400,000 L/C 601,761, ,791,148 (7,365,979) AA International Insurance Company of Hannover PLC England BNY a 50,001,000 50,001,000 L/C 1,029,140, ,409,432 10,266,442 AA Ironshore Europe Limited Ireland BNY a 5,400,000 5,400, ,717,408 37,388,535 (1,247,271) AA Ironshore Insurance Ltd. Bermuda BNY a 28,769,448 42,600,094 3,578,588,629 1,746,681, ,274,380 AA Lancashire Insurance Company Limited Bermuda BNY a 5,400,000 6,024,315 2,133,846,000 1,367,991, ,755,000 AA Lancashire Insurance Company (UK) Limited England BNY a 5,400,000 7,419, ,988, ,207,000 15,486,000 AA Liberty Mutual Insurance Europe Limited England BNY a 14,149,847 14,149,847 L/C 2,422,744, ,887,000 65,992,000 AA Lloyd's Syndicate # 33 England CB 156,670, ,670,202 AA Lloyd's Syndicate # 318 England CB 32,482,623 32,482,623 AA Lloyd's Syndicate # 382 England CB 21,943,149 21,943,149 AA Lloyd's Syndicate # 435 England CB 56,460,783 56,460,783 AA Lloyd's Syndicate # 457 England CB 64,482,314 64,482,314 AA Lloyd's Syndicate # 510 England CB 105,067, ,067,971 AA Lloyd's Syndicate # England CB 36,437 36,437 AA Lloyd's Syndicate # 566 [Incidental to # 2999] 3 England CB NIL NIL AA Lloyd's Syndicate # 609 England CB 39,460,746 39,460,746 AA Lloyd's Syndicate # 623 England CB 88,743,285 88,743,285 AA Lloyd's Syndicate # 727 England CB 38,098,522 38,098,522 AA Lloyd's Syndicate # 780 England CB 12,061,599 12,061,599 AA Lloyd's Syndicate # 958 England CB 42,023,181 42,023,181 AA Lloyd's Syndicate # 1036 [Incidental to # 2999] 3 England CB NIL NIL AA Lloyd's Syndicate # 1084 England CB 73,825,454 73,825,454 AA Lloyd's Syndicate # 1110 England CB 4,340,596 4,340,596 AA Lloyd's Syndicate # 1176 England CB 51,879 51,879 AA Lloyd's Syndicate # 1183 England CB 67,314,947 67,314, National Association of Insurance Commissioners 6

13 Quarterly Listing of Alien Insurers As at 12/31/2012 Trust Fund Market Value Net Code Insurer Country Trustee 1 Minimum of Trust Fund Total Shareholders' Income/ 12/31/ /31/2013 Assets Equity Loss AA Lloyd's Syndicate # 1200 England CB 61,056,782 61,056,782 AA Lloyd's Syndicate # 1206 England CB 33,237,542 33,237,542 AA Lloyd's Syndicate # 1209 England CB 41,713,833 41,713,833 AA Lloyd's Syndicate # 1218 England CB 1,830,629 1,830,629 AA Lloyd's Syndicate # 1221 England CB 34,922,474 34,922,474 AA Lloyd's Syndicate # 1225 England CB 113,502, ,502,072 AA Lloyd's Syndicate # 1274 England CB 15,838,116 15,838,116 AA Lloyd's Syndicate # 1301 England CB 7,161,329 7,161,329 AA Lloyd's Syndicate # 1400 England CB 14,886,430 14,886,430 AA Lloyd's Syndicate # 1414 England CB 58,444,445 58,444,445 AA Lloyd's Syndicate # England CB 11,223,410 11,223,410 AA Lloyd's Syndicate # 1686 England CB NIL NIL AA Lloyd's Syndicate # 1729 England CB NIL NIL AA Lloyd's Syndicate # 1861 England CB 17,443,273 17,443,273 AA Lloyd's Syndicate # 1880 England CB 12,103,974 12,103,974 AA Lloyd's Syndicate # England CB 1,672,457 1,672,457 AA Lloyd's Syndicate # 1886 [Incidental to # 2999] 3 England CB NIL NIL AA Lloyd's Syndicate # 1897 England CB 771, ,297 AA Lloyd's Syndicate # 1910 England CB 4,140,731 4,140,731 AA Lloyd's Syndicate # 1919 England CB 42,389,732 42,389,732 AA Lloyd's Syndicate # 1945 England CB 1,475,906 1,475,906 AA Lloyd's Syndicate # 1955 England CB 14,100,054 14,100,054 AA Lloyd's Syndicate # England CB 15,617,007 15,617,007 AA Lloyd's Syndicate # 1969 England CB 23,727,516 23,727,516 AA Lloyd's Syndicate # 1980 [Incidental to # 4472] 3 England CB NIL NIL AA Lloyd's Syndicate # 1991 England CB 770, ,414 AA Lloyd's Syndicate # 2000 [Incidental to # 2999] 3 England CB NIL NIL AA Lloyd's Syndicate # 2001 England CB 101,873, ,873, National Association of Insurance Commissioners 7

14 Quarterly Listing of Alien Insurers As at 12/31/2012 Trust Fund Market Value Net Code Insurer Country Trustee 1 Minimum of Trust Fund Total Shareholders' Income/ 12/31/ /31/2013 Assets Equity Loss AA Lloyd's Syndicate # 2003 England CB 193,440, ,440,843 AA Lloyd's Syndicate # 2007 England CB 50,543,634 50,543,634 AA Lloyd's Syndicate # 2010 England CB 29,174,203 29,174,203 AA Lloyd's Syndicate # 2012 England CB 4,679,981 4,679,981 AA Lloyd's Syndicate # 2014 England CB NIL NIL AA Lloyd's Syndicate # 2015 England CB 2,327,406 2,327,406 AA Lloyd's Syndicate # 2121 England CB 51,780,222 51,780,222 AA Lloyd's Syndicate # 2232 England CB 582, ,504 AA Lloyd's Syndicate # 2243 England CB 4,479,916 4,479,916 AA Lloyd's Syndicate # 2468 England CB 8,788,671 8,788,671 AA Lloyd's Syndicate # 2488 England CB 128,967, ,967,734 AA Lloyd's Syndicate # 2526 England CB 9,001 9,001 AA Lloyd's Syndicate # 2623 England CB 292,624, ,624,678 AA Lloyd's Syndicate # 2791 England CB 29,422,748 29,422,748 AA Lloyd's Syndicate # 2987 England CB 195,014, ,014,284 AA Lloyd's Syndicate # 3000 England CB 49,369,324 49,369,324 AA Lloyd's Syndicate # 3010 England CB 2,982,950 2,982,950 AA Lloyd's Syndicate # 3210 England CB 11,649,412 11,649,412 AA Lloyd's Syndicate # 3334 England CB 579, ,297 AA Lloyd's Syndicate # 3623 England CB 152, ,645 AA Lloyd's Syndicate # 3624 England CB 76,558,096 76,558,096 AA Lloyd's Syndicate # 3902 [Incidental to # 4020] 3 England CB 3,876,451 3,876,451 AA Lloyd's Syndicate # 4000 England CB 13,535,850 13,535,850 AA Lloyd's Syndicate # 4020 England CB 52,302,118 52,302,118 AA Lloyd's Syndicate # 4141 England CB 1,699,531 1,699,531 AA Lloyd's Syndicate # 4242 England CB 15,477,131 15,477,131 AA Lloyd's Syndicate # 4444 England CB 71,426,248 71,426,248 AA Lloyd's Syndicate # 4472 England CB 80,865,820 80,865, National Association of Insurance Commissioners 8

15 Quarterly Listing of Alien Insurers As at 12/31/2012 Trust Fund Market Value Net Code Insurer Country Trustee 1 Minimum of Trust Fund Total Shareholders' Income/ 12/31/ /31/2013 Assets Equity Loss AA Lloyd's Syndicate # 4711 England CB 42,545,263 42,545,263 AA Lloyd's Syndicate # 5000 England CB 54,242,103 54,242,103 AA Lloyd's Syndicate # 5151 England CB 11,327,733 11,327,733 AA Lloyd's Syndicate # 5555 [Incidental to # 2999] 3 England CB NIL NIL AA Lloyd's Syndicate # 5820 England CB 16,156,042 16,156,042 AA Mapfre Global Risks, Compañia Internacional de Seguros y Spain CB 5,400,000 5,412,897 1,578,973, ,436,752 90,466,152 Reaseguros, S.A. AA Marine Insurance Company Limited, The England HSBC 5,400,000 7,632, ,549,000 49,619,000 (1,476,000) AA Markel Europe plc (f/k/a Alterra Europe plc) Ireland BNY a 5,400,000 5,400, ,444, ,121,945 (4,981,536) AA Markel International Insurance Company Limited England BNY c 13,938,000 16,529,718 1,257,084, ,866,000 82,572,000 AA Mitsui Sumitomo Insurance Company (Europe) Limited England CBR 5,400,000 5,400,000 L/C 450,305, ,865,000 (18,243,000) AA Mitsui Sumitomo Insurance Company Limited Japan UB 5,400,000 5,400,037 62,839,000,000 16,999,000, ,000,000 AA Montpelier Reinsurance Ltd. Bermuda BNY a 5,400,000 5,712,196 3,449,554,000 1,991,588, ,888,000 AA Northbridge General Insurance Corporation Canada USBW 38,193,300 51,728,486 2,095,600, ,100,000 (38,600,000) AA North of England Protecting & Indemnity Association Ltd., The England MB a 5,400,000 5,400,000 L/C 249,994, ,253,000 51,145,000 AA Norwegian Hull Club Norway DB 5,400,000 5,400, ,879, ,498,652 2,404,735 AA Ocean Marine Insurance Company Limited, The England CB 5,400,000 5,400, ,000, ,000,000 0 AA PartnerRe Ireland Insurance Limited Ireland MBa 5,400,000 5,400, ,859,693 39,169,928 1,458,131 AA QBE Insurance (Europe) Limited England CB 13,388,700 15,312,662 6,743,647,000 2,361,008,000 12,090,000 AA RenaissanceRe Specialty Risks Ltd. Bermuda BNY b 13,472,700 20,527, ,686, ,387, ,000 AA RiverStone Insurance (UK) Limted 4 England HSBC 5,400,000 5,661, ,171, ,037, ,693,024 AA SCOR UK Company Limited England BNY a 5,400,000 10,006,300 1,167,036, ,197,868 16,047,980 AA Shipowners' Mutual Protection and Indemnity Association Luxembourg USBN 5,400,000 5,400,000 L/C 600,716, ,383,000 38,652,000 AA Sirius International Insurance Corporation Sweden CB 15,994,500 16,514,257 3,568,371,445 1,948,697, ,940,491 AA Standard Club Europe Ltd., The England BNY a 5,400,000 5,400, ,000, ,000,000 4,000,000 AA Steamship Mutual Underwriting Association Limited, The England BNY a 5,400,000 5,400,000 72,389,000 52,480,000 27,141,000 AA Sunderland Marine Mutual Insurance Company Limited 5 England WF b 5,400,000 6,000,000 L/C 163,722,000 59,684,000 4,607,000 AA Swiss Re International SE Luxembourg CB 88,418, ,263,290 2,321,688, ,991,066 96,556, National Association of Insurance Commissioners 9

16 Quarterly Listing of Alien Insurers As at 12/31/2012 Trust Fund Market Value Net Code Insurer Country Trustee 1 Minimum of Trust Fund Total Shareholders' Income/ 12/31/ /31/2013 Assets Equity Loss AA Through Transport Mutual Insurance Association Limited Bermuda BNY a 5,400,000 10,096, ,682,000 92,010,000 4,468,000 AA Tokio Marine Europe Insurance Limited England UBC 5,400,000 6,049, ,230, ,916,695 28,335,443 AA Torus Insurance (UK) Limited England BNY a 14,274,366 14,405, ,000, ,000,000 (2,000,000) AA TT Club Mutual Insurance Limited England BNY a 20,345,700 27,683, ,592,000 57,660,000 (250,000) AA Unionamerica Insurance Company Limited England CB 5,400,000 5,401, ,159, ,277,658 57,980,103 AA United Kingdom Mutual Steam Ship Assurance England CB 5,400,000 5,401, ,290, ,878,000 (159,569,000) Association (Europe) Limited, The a/k/a UK P&I Club AA W. R. Berkley Insurance (Europe) Limited England CB 5,400,000 5,764, ,920, ,344,000 14,142, National Association of Insurance Commissioners 10

17 Additions Lloyd's Syndicate # 1980 CHANGES IN LIST OF DIRECT INSURERS SINCE VOL. 202, January 1, 2014 Deletions British Aviation Insurance Company Limited, The Lloyd's Syndicate # 570 Lloyd's Syndicate # 807 Lloyd's Syndicate # 1318 Other See Appendix for location of trust. ACE Seguros, S.A. is licensed in the state of Texas and is ineligible to sell in the Texas surplus lines market. Incidental syndicates have the same constitution as a parent syndicate. These syndicates maintain trust funds in their own right. This company was admitted to the Quarterly Listing solely to act as successor to the trust fund previously executed by Sphere Drake Insurance Limited (f/k/a Odyssey Re Limited). RiverStone Insurance (UK) Limited is in run off and is not considered eligible to sell in any state s surplus lines market. During 1996, Sunderland Marine Mutual Insurance Company Limited established a U.S. branch in the state of Alaska. These Lloyd s syndicates are admitted to the Listing for business incepting on June 1, These Lloyd s Syndicates are listed for their 2009 underwriting year of account only. The NAIC understands that binding authorities may have been issued by the 2009 syndicates during 2009, and that under the terms of such binding authorities, U.S. business may continue to be written during part of 2010 for the account of the 2009 syndicates. The NAIC further understands that the U.S. Situs Trust Deeds - Surplus Lines for these 2009 syndicates will continue to protect any such business written for the account of the 2009 syndicates. This company was admitted to the Quarterly Listing for business incepting on July 1, National Association of Insurance Commissioners 11

18 APPENDIX (BBH) (BNY a ) BROWN BROTHERS HARRIMAN Institutional Trust Services 140 Broadway New York, New York Blake Bisciotti Phone: (212) Fax: (212) THE BANK OF NEW YORK MELLON Corporate Trust Division 101 Barclay Room 8W New York, New York Patricia Scrivano Trust Officer Phone: (212) Fax: (732) (BOA) BANK OF AMERICA Private Client Group, Ste North Broadway St. Louis, Missouri Deborah Hollenkamp Phone: (314) Fax: (314) (BNY b ) THE BANK OF NEW YORK MELLON One Mellon Bank Center Room 1035 Pittsburgh, Pennsylvania David Pasternak Vice President Phone: (412) Fax: (412) (CB) CITIBANK, N.A. Financial Institutions Group International Trust & Custody 480 Washington Blvd. 30 th Floor Jersey City, New Jersey (CBR) CITIZENS BANK OF RHODE ISLAND Institutional Services 870 Westminster Providence, Rhode Island William Mulrenin Phone: (973) Fax: (973) Jean Parillo Phone: (401) Fax: (401) (DB) DEUTSCHE BANK TRUST COMPANY Corporate Trust & Agency Group Project Finance & Escrow 60 Wall Street New York, New York Jennifer Davis Client Administrator Phone: (212) Fax: (212) (HSBC) HSBC BANK USA, N.A. Corporate Trust & Loan Agency 452 Fifth Avenue New York, New York Frank Godino Phone: (212) Fax: (212) National Association of Insurance Commissioners 12

19 APPENDIX (Continued) (JPM a ) JP MORGAN CHASE, N.A. Institutional Client Services 4 New York Plaza, 4th Floor New York, New York (JPM b ) JP MORGAN CHASE, N.A. ITS-Escrow Department 4 New York Plaza, 21st Floor New York, New York Charles Tuzzolino Phone: (212) Fax: (212) Joseph Morales Account Administrator Phone: (212) Fax: (212) (JPM c ) JP MORGAN CHASE, N.A. ITS-Escrow Department 4 New York Plaza, 15th Floor New York, New York Christopher Vetri Phone: (212) Fax: (212) (JPM d ) JP MORGAN CHASE, N.A. 4 New York Plaza New York, New York Rola Tseng Phone: (212) Fax: (212) (NTC) THE NORTHERN TRUST COMPANY Master Trust & Custody Services 50 South La Salle Street Chicago, Illinois (SSBT) STATE STREET BANK AND TRUST Institutional Investor Services 2 Avenue de Lafayette Boston, MA Laura Hirsch 2nd Vice President Phone: (312) Fax: (312) Jonathan Wiatt Phone: (617) Fax: (617) (UBC) UNION BANK OF CALIFORNIA Trustee and Escrow Services 551 Madison Avenue, 11 th Floor New York, New York Patricia Phillips-Coward Vice President Phone: (646) Fax: (646) (USBW) U.S BANK Institutional Trust & Custody th Avenue, PD-WA-T10T Seattle, Washington Cynthia Johnson Vice President Phone: (206) Fax: (206) (USBP) U.S. BANK 2 Liberty Place Suite 2000 Philadelphia, Pennsylvania Lorra Donnelly Trust Officer Phone: (215) Fax: (215) (USBN) U.S. BANK 214 North Tryon Street, 27 th Floor Charlotte, North Carolina Allison Lancaster-Poole Vice President Phone: (651) Fax: (651) National Association of Insurance Commissioners 13

20 APPENDIX (Continued) (WF a ) WELLS FARGO TRUST, N.A. 733 Marquette Minneapolis, Minnesota MAC code (WF b ) WELLS FARGO ALASKA TRUST, N.A. Private Client Services P.O. Box Anchorage, Alaska Andrew Schliep Trust Officer Phone: (612) Fax: (612) James Plymire Regional Trust Manager Phone: (907) Fax: (907) National Association of Insurance Commissioners 14

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22 The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, st ate insurance regulators est ablish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represent s the collective views of st ate regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit QLS- AS- 203