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.

Reduced collateral - Hannover Rück SE and Hannover Re (Bermuda) Ltd.

Certified reinsurer statusApproval dateCollateral percentage
Hannover Rück SE  
Alabama2014-07-0110%
Alaska2021-01-0110%
Arizona2016-04-2210%
Arkansas2016-01-0110%
California2014-01-0110%
Colorado2015-10-0110%
Conneticut2014-05-2210%
Delaware2014-10-0110%
Florida2015-01-0110%
Georgia2014-04-1710%
Hawaii2017-01-0110%
Idaho2018-12-1010%
Illinois2021-01-0110%
Indiana2016-03-1510%
Iowa2014-09-2310%
Kentucky2021-10-1110%
Lousiana2014-10-0110%
Maine2015-05-1210%
Maryland2015-03-2710%
Massachusetts2017-08-0210%
Michigan2019-07-0110%
Minnesota2019-07-0110%
Mississippi2017-01-0110%
Missouri2015-01-0110%
Montana2017-04-0510%
Nebraska2016-06-2010%
Nevada2018-12-1910%
New Hampshire2014-07-0110%
New Jersey2013-10-3110%
New Mexico2019-02-2010%
New York2012-09-1810%
North Carolina2019-05-1510%
North Dakota2016-04-2910%
Ohio2015-07-0110%
Oklahoma2017-07-1410%
Oregon2021-01-0110%
Pennsylvania2014-12-0110%
Rhode Island2015-04-1310%
South Carolina2019-10-0810%
South Dakota2018-01-0110%
Tennessee2018-10-0110%
Texas2018-11-2010%
Utah2017-10-1610%
Vermont2015-07-0110%
Washington2016-05-2310%
West Virginia2020-02-0110%
Wisconsin2018-01-0110%
Wyoming2018-04-2410%
Hannover Re (Bermuda) Ltd.  
Florida2015-01-0110%
New York2012-09-1810%

Hannover Re is a recognised reciprocal jurisdiction reinsurer

Hannover Rück SE (Hannover Re) has been approved as reciprocal reinsurer in 51 US jurisdictions (including the District of Columbia) as of January 1, 2023.

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