Hannover Re is a recognised reciprocal jurisdiction reinsurer
Certified and reciprocal reinsurer in the US
As of 1 January 2023, Hannover Re has been approved as reciprocal reinsurer in 51 US states and thus does not need to provide US-collateral for treaties written on or after 1 January 2023 (on a prospective basis). For pre-reciprocal status contracts in the US, Hannover Re maintains its certified and trusteed reinsurer status with collateral provided via multi-beneficiary trust funds.
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Reduced collateral - Hannover Rück SE and Hannover Re (Bermuda) Ltd.
| Certified reinsurer status | Approval date | Collateral percentage |
|---|---|---|
| Hannover Rück SE | ||
| Alabama | 2014-07-01 | 10% |
| Alaska | 2021-01-01 | 10% |
| Arizona | 2016-04-22 | 10% |
| Arkansas | 2016-01-01 | 10% |
| California | 2014-01-01 | 10% |
| Colorado | 2015-10-01 | 10% |
| Conneticut | 2014-05-22 | 10% |
| Delaware | 2014-10-01 | 10% |
| Florida | 2015-01-01 | 10% |
| Georgia | 2014-04-17 | 10% |
| Hawaii | 2017-01-01 | 10% |
| Idaho | 2018-12-10 | 10% |
| Illinois | 2021-01-01 | 10% |
| Indiana | 2016-03-15 | 10% |
| Iowa | 2014-09-23 | 10% |
| Kentucky | 2021-10-11 | 10% |
| Lousiana | 2014-10-01 | 10% |
| Maine | 2015-05-12 | 10% |
| Maryland | 2015-03-27 | 10% |
| Massachusetts | 2017-08-02 | 10% |
| Michigan | 2019-07-01 | 10% |
| Minnesota | 2019-07-01 | 10% |
| Mississippi | 2017-01-01 | 10% |
| Missouri | 2015-01-01 | 10% |
| Montana | 2017-04-05 | 10% |
| Nebraska | 2016-06-20 | 10% |
| Nevada | 2018-12-19 | 10% |
| New Hampshire | 2014-07-01 | 10% |
| New Jersey | 2013-10-31 | 10% |
| New Mexico | 2019-02-20 | 10% |
| New York | 2012-09-18 | 10% |
| North Carolina | 2019-05-15 | 10% |
| North Dakota | 2016-04-29 | 10% |
| Ohio | 2015-07-01 | 10% |
| Oklahoma | 2017-07-14 | 10% |
| Oregon | 2021-01-01 | 10% |
| Pennsylvania | 2014-12-01 | 10% |
| Rhode Island | 2015-04-13 | 10% |
| South Carolina | 2019-10-08 | 10% |
| South Dakota | 2018-01-01 | 10% |
| Tennessee | 2018-10-01 | 10% |
| Texas | 2018-11-20 | 10% |
| Utah | 2017-10-16 | 10% |
| Vermont | 2015-07-01 | 10% |
| Washington | 2016-05-23 | 10% |
| West Virginia | 2020-02-01 | 10% |
| Wisconsin | 2018-01-01 | 10% |
| Wyoming | 2018-04-24 | 10% |
| Hannover Re (Bermuda) Ltd. | ||
| Florida | 2015-01-01 | 10% |
| New York | 2012-09-18 | 10% |