American Re-Insurance Company was named “Best Overall Reinsurer in the U.S.” in the 2003 Survey of Cedant Perceptions about Reinsurance and Reinsurers conducted by Flaspohler Research Group, a provider in business-to-business research.
“We are enormously proud of the results of the Flaspohler Survey. Our #1 ranking in the Best Overall Reinsurer category clearly demonstrates we are meeting clients’ needs,” said John Phelan, chairman and CEO of American Re-Insurance Company.
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 first on Strong Client Orientation and Help Client Improve Profitability. American Re also placed in the top five of four other categories: Financial Value, Financial Security, Leading Expertise/Market Knowledge and Strong Underwriting Relationships.
In conducting the survey, Flaspohler asked approximately 287 insurance executives to complete an online survey sponsored by 12 of the leading reinsurers serving cedants in the U.S.
Of those who replied, over 57 percent said their primary functional responsibility was president or CEO, CFO and cedant reinsurance buyer.