US INSURANCE COMPANIES

US Insurance Companies

US Insurance Companies

Optimum Re Insurance Company

Optimum Re Insurance Company is one of the most famous insurance companies in most American states and in some Caribbean Islands. Acquired in 1987 by the Optimum Group but based in 1978, the business functions from its major agency established in Dallas (Texas).

It is primarily aimed at little to mid-size insurance companies with the objective of carrying their development, but has lately broadened its scope and now presents life reinsurance services to many and large dimensions businesses as well. It presents purchasers with a variety of turnkey goods acclimatized to their own markets, while proposing them customary one-by-one reinsurance goods for example life, unintentional death and dismemberment (AD&D) coverage.

The business has furthermore evolved very powerful know-how in critical sickness, a increasing line of enterprise in the US. Thanks to its information of the markets where its purchasers function, Optimum Re Insurance Company services more than 160 insurers.

History

Founded in 1978, and came by by the Optimum Group Inc in 1987, the company is in the United States and Caribbean, functioning from its major agency in Dallas, Texas.

Immediately ORIC set a scheme to elaborate its reinsurance purchaser base. Company's innovative trading set about permitted for a controlled but fast development right from the start. In 1991, It came by the reinsurance of AGC Life Insurance Company of Nashville, Tennessee. In 1998 and 1999 farther acquisitions of foremost blocks of reinsurance from competitors were finalized. In 2005, it broadcast the newest acquisition - 130 anecdotes from Generali. These acquisitions have permitted ORIC to accelerate company's stride of growth (Larry, 2006).

In 2004, it amplified company's market by a new proposing to bigger ceding companies. ORIC extends to boost its purchaser groundwork and is still looking for reinsurance acquisitions and localities of growth.

Organization

The powerful development and economic achievements of both Optimum Re Insurance Company and its sister business in Canada, Optimum Reassurance Inc , directed to the creation of a new reinsurance retaining company: Optimum Re Inc., with a capital and excess of over $120 million on US GAAP cornerstone and a total assets of over $1.1 billion (2006 figures).

Optimum Re finally belongs to the Optimum Group Inc., a personally belongs to Canadian economic assembly that has round 500 workers world-wide that organise more than $2.5 billion in assets. The assembly functions in life reinsurance in Canada, in the US and Caribbean islands; in life protection in the US and Europe, in house and casualty protection in Canada; in genuine land parcel in Canada, the US and Europe as well as in conferring services in North America and in Europe.

ORIC is situated in Dallas (Texas) and licensed/authorized in 48 states in the US for reinsurance purposes.

Products

In the comparable natural environment of reinsurance, a company's achievement counts, to a substantial span, on its proficiency to stand apart. It has been thriving in proposing life protection businesses of all dimensions the capability to underwrite dangers while sustaining correct risk ...