Reinsurance Company of America ("RCA")
Welcome to the webpage for RCA. On April 27, 2011,
RCA was ordered into liquidation. Jennifer Hammer,
Director of Insurance of the State of Illinois,
is the statutory and court-affirmed Liquidator.
By Illinois law, the Director may appoint a Special
Deputy Receiver to administer the receivership. The
Office of the Special Deputy Receiver has been appointed
to assist in the day-to-day administration of the liquidation
proceedings under the direction of the Director.
Here is additional information on RCA:
|Liquidation Date:||April 27, 2011|
|Claims Filing Deadline:||October 29, 2012|
|Contingent Claims Filing Deadline:||April 29, 2013|
|Docket Number:||10 CH 06207|
|Click here to view the Reinsurance Company of America docket and upcoming court dates maintained by the Clerk of the Supervising Court.|
|Related Documents and Links::|
Financial Statements and Independent Auditors' Report
|Historical Data:||Check the NAIC Global Receivership Information Database ("GRID") for additional data on insurance companies in receivership.|
RCA is a property/casualty insurer that was incorporated in 1972, and held licenses in twenty states, including Illinois, California, New Jersey, Arizona, Texas and Wisconsin. Recently, RCA was primarily engaged in the run-off of its remaining workers’ compensation claims and liabilities, and since 2007, the underwriting of one month non-standard auto liability policies in the State of Texas.
RCA formerly wrote assumed reinsurance business from 1978-1986. In April 2004, Nor-Eastern Holding Co., Inc. a Delaware corporation, acquired the Company, and began writing workers compensation business with a focus on professional employer organizations, primarily in California, Illinois and New Jersey.
On April 27, 2011, the Circuit Court of Cook County Illinois entered an Agreed Order of Liquidation with A Finding of Insolvency against Reinsurance Company of America. The Agreed Order of Liquidation has triggered the protection of several Guaranty Funds, including Illinois, Texas, New Jersey, California and Wisconsin. Texas is the only state which has active policies. Those policies that do not otherwise expire on an earlier date, and that are covered by the Texas Property and Casualty Insurance Guaranty Fund, shall be cancelled effective 11:59 p.m. Central Standard Time on May 27, 2011. Any policy that is not covered by the Texas Property and Casualty Insurance Guaranty Fund was cancelled upon the entry of the Agreed Order of Liquidation.
On June 2, 2011, the Supervising Court entered an Order approving proof of claim filing deadlines and procedures. The last date by which a proof of claim may be submitted as timely filed in October 29, 2012. Click here to obtain a proof of claim form.