FRA REINSURERS' LIST 2020 RATING Serial COUNTRY COUNTRY Rate REINSURER S&Ps A.M BEST Fitch Moody's 1 Algeria BBB- Compagnie Centrale De Reassurance (CCR) B+ 2 Chubb Insurance Company of Australia Ltd. AA- 3 Australia AAA MetLife Insurance Ltd. A+ 4 QBE Insurance (Australia) Ltd. A+ 5 Uniqa Insurance Group AG A- Austria AA+ 6 Vienna Insurance Group AG Wiener Versicherung Gruppe A+ 7 ACE American Insurance Company (Bahrain Branch) A++ 8 Bahrain National Insurance Company BSC B++ Bahrain BBB 9 Hannover ReTakaful B.S.C. A+ 10 Saudi Arabian Insurance Co B.S.C B++ 11 Barbados BB+ Active Capital Reinsurance, Ltd. A- 12 Euler Hermes Group S.A. AA Belgium AA 13 Inter partner Assistance SA A- Aa3 14 Chubb Bermuda Insurance Ltd AA A++ 15 Chubb Tempest Reinsurance Ltd AA A++ 16 Allied World Assurance Co Ltd A- 17 Arch Re(Arch Reinsurance Ltd) A+ A+ 18 Argo Re Ltd A- 19 AXIS Specialty Ltd A+ A 20 Endurance Specialty Insurance Ltd (Montpelier Reinsurance Ltd.) A+ A+ 21 Equator Reinsurances Ltd. A+ 22 Evergreen Insurance Company Limited A Bermuda AA- 23 International General Insurance Company Limited A 24 Liberty Specialty Markets Bermuda Limited A A 25 Partner Reinsurance Co. Ltd. A+ A+ 26 Qatar Reinsurance Company Limited A A 27 RGA Global Reinsurance Co. Ltd. AA- 28 StarStone Insurance Bermuda Limited A- 29 Stellar Insurance Ltd A 30 XL Bermuda Ltd AA- A+ A2 31 AXA XL A+ A2 32 Brazil BBB- IRB Brasil Resseguros S.A. A- 33 ACE INA Overseas Insurance Co. Ltd. AA- Canada AAA 34 Chubb Insurance Company of Canada A++ FRA REINSURERS' LIST 2020 RATING Serial COUNTRY COUNTRY Rate REINSURER S&Ps A.M BEST Fitch Moody's 35 Cayman Islands AAA Best Meridian International Insurance co.(SPC) A- 36 AIG Insurance Co. China Ltd A 37 AXA Tianping Property & Casuality Insurance Co. Ltd A- 38 Bank of China Insurance Co. Ltd (BOC Insurance Co. Ltd. ) A 39 China Continent Property & Casuality Insurance Co. Ltd A 40 China Life P&C Insurance Co. Ltd A1 41 China Pacific Property & Casuality Insurance Co. Ltd. A1 42 China Reinsurance (Group) Corp. A A 43 China Taiping Insurance Group Ltd. (“China Taiping”) A 44 China Taiping Insurance (HK) Co. Ltd. A A A 45 China United Property Insurance Co. Ltd A- China AA- 46 China Pacific Property Insurance Co.Ltd. A 47 Huatai Insurance Co., Ltd. A 48 PICC Property & Causality Co. LTD-China A1 49 Ping An Property & Casualty Insurance Co. of China Ltd. A2 50 Sinosure A+ 51 Sunshine Property and Casuality Insurance Co. Ltd A- 52 Swiss Re Corporate Solutions Insurance China Ltd A+ 53 Taiping General Insurance Co. Ltd A 54 Taiping Reinsurance (china)Company. Ltd. A A A 55 Yingda Taihe Property Insurance Co. Ltd A 56 AWP Health & Life S.A. A+ 57 AXA France IARD AA- 58 AXA France Vie AA- 59 AXA Global Re A+ 60 Caisse Centrale De Reassurances (CCR Re) AA 61 CCR Re A A 62 Chubb European Group SE A++ France AA 63 Coface sa A+ A2 64 Covea Cooperation A+ A 65 Euler Hermes Group S.A. AA 66 HCC International Insurance Co. PLC (Branch) A+ 67 MMA IARD S.A. Kbis AA- 68 SCOR SE AA- A+ 69 Sogécap BBB+ FRA REINSURERS' LIST 2020 RATING Serial COUNTRY COUNTRY Rate REINSURER S&Ps A.M BEST Fitch Moody's 70 Allianz Global Corporate & Specialty SE AA A+ 71 Allianz Private Krankenversicherungs-AG AA 72 Allianz SE AA A+ 73 Delvag versicherungs-AG A- 74 Deutsche Rueckversicherung AG A+ 75 DEVK Deutche A+ 76 General Reinsurance AG AA+ A++ 77 Gothaer Allgemeine Versicherung AG A- A- Germany AAA 78 Hannover Rueck SE AA- 79 HDI Haftpflichtverband der Deutschen Industrie V.a.G. A+ 80 HDI Global Se A+ 81 Munchener Ruck.(Munich Re.) A+ 82 R + V. Versicherung AG AA- 83 VHV Allgemeine Versicherung AG A+ 84 HDI Global Specialty SE A+ A 85 Wuerttembergische versicherung AG A- 86 GBG Insurance Limited B++ Guernsey AA+ 87 Jupiter Insurance Limited A 88 China Pacific Insurance Co. (H.K.) Ltd. A- 89 China Taiping Insurance (HK) Company Limited A 90 Chubb Insurance Hong Kong Ltd. AA- 91 Hong Kong AAA Peak Reinsurance Company Limited (Peak Re) A- 92 SCOR Reinsurance Co. (Asia) Ltd AA- 93 Sinopec Insurance Ltd. A+ 94 Taiping Reinsurance Company Limited A 95 General Insurance Corporation of India (GIC) B++ 96 ICICI Lombard General Insurance Co LTd AAA India BBB- 97 India International Insurance Pte. Ltd. A- 98 New India Assurance Company Limited B++ 99 Atradius Reinsurance Designated Activity Company A 100 AXIS Specialty Europe SE A 101 Eni Insurance Designated Activity Company A 102 IronShore Europe Limited A- Ireland A- 103 Partner Reinsurance Europe SE A+ A+ 104 RGA International Reinsurance Co. dac. AA- 105 XL insurance company SE AA- 106 Zurich Insurance plc AA- A+ FRA REINSURERS' LIST 2020 RATING Serial COUNTRY COUNTRY Rate REINSURER S&Ps A.M BEST Fitch Moody's 107 Assicurazioni Generali SPA A 108 Generali Itallia S.P.A A Italy BBB 109 SIAT - Società Italiana Assicurazioni e Riassicurazioni p.A. A- 110 UnipolSai Assicurazioni S.p.A. A- 111 AIOI Nissay Dowa Insurance co. Ltd A+ 112 Mitsui Sumitomo Ins. Co. LTD A+ 113 Sompo Japan Insurance Inc. A+ A+ Japan AA- 114 AIG General Insurance Co. Ltd. A+ 115 The Toa Reinsurance Company, Limited. (Toa Reinsurance) A+ A 116 Tokio Marine & Nichido Fire Insurance Co. Ltd. A+ A++ 117 Arab Orient Insurance Company (gig Jordan) B++ 118 Jordan B+ First Insurance Company B++ 119 Middle East Insurance Company PLC B+ 120 Kazakhstan BBB+ Eurasia Insurance Co. JSC BBB B++ 121 Kenya Re(Kenya Reinsurance Corporation Limited) B kenya B+ 122 ZEP-RE (PTA Reinsurance Company) B++ 123 Al-Ahleia Insurance Co. S.A.K.P A- A- A3 124 Kuwait AA Gulf Ins. And Reinsuerance Co. K.S.C A- A 125 Kuwait Reinsurance Company K.S.C.P. A- 126 Lebanon B Arab. Re. Co.(Arab Reinsurance Company) B 127 Helvetia Schweizerische Versicherungs-Gesellschaft in Liechtenstein AG A- Liechtenstein AAA 128 StarStone Insurance SE A- 129 AIG Europe S.A. A+ 130 Luxembourg AAA Barents Reinsurance S.A A 131 Liberty Mutual Insurance Europe S.E A 132 Labuan Reinsurance Ltd. (Labuan Re) A- 133 Energas Insurance Limited A 134 Malaysia A- Malaysian Reinsurance Berhad (Malaysian re) A- 135 Tune Protect Re Ltd B++ 136 Tokio Marine Global Re (Asia Ltd) ( Branch) 137 Munich Re Of Malta Plc AA- Malta A- 138 QEL(Qic Europe Limited) A 139 Mexico BBB+ Reaseguradora Patria, S.A. (Patria Re) A 140 Morocco BBB- Société Centrale de Réassurance (SCR) B++ FRA REINSURERS' LIST 2020 RATING Serial COUNTRY COUNTRY Rate REINSURER S&Ps A.M BEST Fitch Moody's 141 Aegon N.V. A- 142 Netherlands AA+ Delta Lloyd Schadeverzekerina N.V. A 143 Nationale Borg Reinsurance N.V A 144 African Reinsurance Corporation A- A Nigeria BB- 145 Continental Reinsurance Plc. B+ 146 Assuranceforeningen Skuld(Gjensidig) Norway A 147 Norway AAA Gard Marine & Energy Insurance (Europe) AS A+ 148 Norwegian Hull Club A A 149 Oman Oman Reinsurance BB+ 150 Panama Ocean International Reinsurance Company Limited A- 151 Philippine BBB National Reinsurance Corporation of the Philippines B++ 152 Al Koot Insurance & Reinsurance Company S.A.Q. A- 153 Doha insurance CO. Q.S.C A- 154 Qatar AA Qatar General Insurance and Reinsurance Company S.A.Q. B++ 155 Qatar Insurance Co. S.A.Q. A A 156 Qatar Reinsurance Company Ltd. A A 157 AlfaStrakhovanie OAO BB+ 158 Ingosstrakh Ins. Co. BBB- B++ Russia BB- 159 INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ BBB B++ 160 Russian National Reinsurance Company BBB 161 Malath Cooperative Insurance & Reinsurance Co. Baa2 162 Saudi Arabia AA- Saudi Re for Cooperative Reinsurance Co. A3 163 Tawuniya Ins. co. BBB+ 164 Sierra Leone D WAICA RE B+ 165 Liberty Specialty Markets Singapore Pte. Ltd. A A3 166 MS First Capital Insurance Limited A 167 Singapore AAA India International Insurance Pte. Ltd. (Branch) A- 168 Samsung Reinsurance Pte. Ltd A 169 Swiss Re Asia PTE Ltd. AA- A 170 Pozavarovalnica Sava, d.d (Sava Re) A Slovenia A- 171 Triglav Reinsurance Co A 172 South Africa B- Munich Reinsurance Co. of Africa Ltd. AA- FRA REINSURERS' LIST 2020 RATING Serial COUNTRY COUNTRY Rate REINSURER S&Ps A.M BEST Fitch Moody's 173 Hyundai Marine & Fire Insurance Co. Ltd. A- A A 174 Korean Re. (Korean Reinsurance Company) A South Korea 175 Samsung Fire & Marine in. co. Ltd. AA- 176 Seoul Guarantee Insurance A+ 177 Atradius Credito y Caucion S.A. de Seguros Reaseguros A A2 Spain BBB+ 178 MAPFRE RE, Compania de Reaseguros, S.A. A+ A 179 IF P&C Insurance Ltd (Publ) A+ A2 180 Sweden AAA Lansforsakringar Sak Forsakrings AB A 181 Sirius Inter. Ins. Corp. A- A-u 182 Allianz Risk Transfer AG AA- 183 Allianz Suisse Versicherungs-Gesellschaft AA 184 MS Amlin AG A 185 Basler Versicherung AG A+ 186 Chubb Reinsurance (Switzerland) Ltd. AA 187 Chubb Insurance (Switzerland) Limited AA 188 Echo Rueckversicherungs - AG (Echo Re) A- 189 Switzerland AAA Helvetia Schweizerische Versicherungsgesellschaft AG Co. A 190 New Reinsurance Company Ltd. A+ 191 Omnium Reinsurance Co. SA A+ 192 Swiss Reinsurance Co. Ltd AA- A+ 193 Swiss Re Corporate Solution Ltd AA- A+ 194 Trans Re. Zurich A+ A+ 195 Validus Reinsurance -(Switzerland) Ltd A A A 196 Zurich Insurance Co. Ltd. AA- A+ 197 Taiwan AA- Central Reinsurance Corporation A A 198 Thailand BBB+ Asian Re B+ 199 Tunis BB- Societe Tunisienne de Reassurance (Tunis Re) (Tunisia) B+ 200 Gulf Sigorta(Gulf Insurance Group ) A- Turkey BB+ 201 Mapfre Genel Sigorta S.A AA+ 202 Abu Dhabi National Insurance Co.