Princeton, N.J. -- American Re-Insurance Co. was named "Best Overall Reinsurer in the U.S." in the 2005 survey of cedant perceptions about reinsurance and reinsurers conducted by Flaspohler Research Group, a Kansas City, Mo.-based business-to-business research. American Re received the same recognition in 2003, the last time this survey was conducted."We are enormously proud of the results of the Flaspohler Survey. Retaining our No. 1 ranking in the "best overall reinsurer" category clearly demonstrates that we continue to be judged as the best reinsurer in this market by our clients - by far the most important arbiters of our performance," said John Phelan, Chairman and CEO of American Re-Insurance Co.
In addition to being asked to identify the best overall reinsurer, survey participants were asked to rate a number of attributes on their importance in evaluating and selecting reinsurers. American Re was ranked among the top three reinsurers in strong underwriting relationships, responsive service, strong client orientation, leading expertise/market klnowledge and helping clients to improve profitability. In these categories, American Re ranked No. 1 for responsive service.
In conducting the survey, Flaspohler asked approximately 323 insurance executives to complete an online survey sponsored by 12 of the leading reinsurers serving cedants in the United States. Of those who replied, over 57% said their primary functional responsibility was president or CEO, CFO and cedant reinsurance buyer.
American Re Corp. is a member of the Munich Re Group, which is headed by Munich Reinsurance Co. of Munich, Germany.
Source: American Re-Insurance Co.
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