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Scottish Re Health Insurance Corporation

Overall RatingNo Ratings
Customer ServiceNo Ratings
NetworkNo Ratings
PlansNo Ratings

Under the structured laws of the Cayman Islands, Scottish Re Group Corporation is a holding company. Its head offices are in Bermuda with much of its written products done in the United States.

Scottish Re Health Insurance Corporation does not offer health insurance. However, to find health insurance, type in your zip code and compare different health insurance quotes to find the one that best meets your individual needs.

While much of their written product is in the U.S., they have operating companies in the U.S. as well as Bermuda and Ireland. The subsidiaries of Scottish Re Health Insurance are the following:

  • Limited and Scottish Re (U.S.), Inc.
  • Scottish Re (Dublin)
  • Scottish Annuity & Life Insurance Company (Cayman) Ltd.

Scottish Re Insurance Products

In the past, Scottish Re Insurance Corporation was most successful in rewriting or reinsuring of annuities, annuity-type products, and life insurance. They did so mostly in the U.S. branch offices.

However, in 2008 Scottish Re Insurance made the decision to stop writing new reinsurance policies. Scottish Re Insurance also notified current clients of this and would not accept any new reinsurance risks under the existing reinsurance treaties. This placed the remaining treaties in a run-off

Scottish Re Insurance Company History

Scottish Re Insurance Company was incorporated in 1979 as a stock company. The assets of Scottish Re Insurance are $510,442,432 with a net surplus of $52,246,533 and a capital of $5,330,000.

With the company not rewriting insurance policies, they also delisted from the New York Stock Exchange in April of 2008. According to the Securities Exchange Act of 1934, Scottish Re Insurance is not obligated to report ordinary shares in addition to non-cumulative preferred shares.

In addition to the Securities Exchange act also caused a suspension in obligations in reporting because fewer than 300 insurance holders are on record. Although no current positive or negative material is obligated to be made into public file, historical filings can be found at the SEC website.

Scottish Re Insurance Company Merger

As of August 24, 2011, a merger was completed in accordance to Cayman Islands law. The two companies who took over the merger are Cerberus Capital Management, L.P., and MassMutual Capital Partners LLC. Scottish Re Group Limited was the name that stuck with the three company’s merger.

With this merger, the outstanding shares were cancelled and new ones were issued to the investors of the merger. Participating preferred shares and non-cumulative preferred shares were not affected. Now after the merger, all the voting shares belong to the two investing companies.

Scottish Re Limited Current Contact Information

Investor Relations Contact:

Dan Roth
Chief Financial Officer
Email: info@scottishre.com

Scottish Annuity & Life Insurance Company (Cayman) Ltd.
Crown House, Second Floor
4 Par-la-Ville Road
Hamilton, HM 08, Bermuda

Scottish Re (Dublin) Limited
Glandore Business Centre
Fitzwilliam Hall
Fitzwilliam Place
Dublin 2

Scottish Re (U.S.), Inc.
14120 Ballantyne Corporate Place
Suite 300
Charlotte, NC 28277 USA

Scottish Re Limited Careers

For information on careers at Scottish Re Limited, you can contact the U.S. headquarters:

Scottish Re (U.S.), Inc.
14120 Ballantyne Corporate Place
Suite 300
Charlotte, NC 28277, USA

Email: info@scottishre.com

Top Rated Alternative Health Insurance Companies

While Scottish Re Limited does not offer health insurance at this time, there are plenty of companies that do and can be found on this website. The following are five companies who rank somewhere in the top 25 of best health insurance companies on a national level:

  • Humana Group
  • Independence Blue Cross Group
  • United Health Group
  • Coventry Corp. Group
  • Metropolitan Group

The above information was collected for the purpose of having a top rated list of health insurance companies. This was done in 2009 and the information was made available to the public in early 2011. 650 billion was the earned premiums of top rated U.S. health insurers in 2009.

Two-thirds of this amount was earned by the top 25 companies provided by U.S. News website.

United Health Group has a very impressive health care plan for those looking for quality health insurance. Their health insurance plans include:

  • Individual and Family Plans
  • Medicare Plans
  • Medicaid and Other State-Provided Plans
  • Employer Plans

They also have designed plans for individual needs. Not only do these include medical plans, but also dental plans, vision, disability and life plans as well.

To take a closer look at health insurance rates enter your zip code. With this, you can compare the rates of United Health Group and other health insurance companies as well.

 

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