ANNEX IIIU.K. Instructions regarding reporting templates for groups

S.31.01 — Share of reinsurers (including Finite Reinsurance and SPV's) U.K.

General comments:

This section relates to annual submission of information for groups.

This template shall be filled by the insurance and reinsurance groups where a recoverable is recognised by related insurance undertakings in relation to the EEA or Non–EEA–reinsurer which is not in the scope of the group (even if all contracts with that reinsurer have terminated) and whose reinsurer is reducing the gross technical provisions as per end of the reporting year.

The template collects information on reinsurers and not on separate treaties. All ceded technical provisions, including those ceded under Finite reinsurance (as defined in S.30.03 Column C0060 of Annex II), shall be completed. This also means that if an SPV or a syndicate of Lloyd's acts as a reinsurer the SPV or the syndicate must be listed.

ITEM INSTRUCTIONS
C0010Legal name of reinsured undertakingName of reinsured entity, identifying the cedent (re)insurance undertaking. This item is only applicable to groups.
C0020Identification code of the undertaking

Identification code of the undertaking, using the following priority:

  • Legal Entity Identifier (LEI)

  • Specific code

When the undertaking uses the option ‘Specific code’ the following shall be considered:

  • For EEA (re) insurance undertakings within the scope of group supervision: identification code used in the local market, attributed by the undertaking's supervisory authority

  • For non–EEA undertakings and non–regulated undertakings within the scope of group supervision, identification code provided will be provided by the group. When allocating an identification code to each non–EEA or non–regulated undertaking, it should comply with the following format in a consistent manner:

    identification code of the parent undertaking + ISO 3166–1 alpha–2 code of the country of the undertaking + 5 digits

C0030Type of code of the ID of the undertaking

Type of ID Code used for the ‘Identification code of the undertaking’ item. One of the options in the following closed list shall be used:

  • 1 — LEI

  • 2 — Specific code

C0040Code reinsurer

Identification code of the reinsurer by this order of priority:

  • Legal Entity Identifier (LEI);

  • Specific code attributed by the undertaking

C0050Type of code Reinsurer

Identification of the code used in item ‘Code reinsurer’. The following closed list shall be used:

  • 1 — LEI

  • 2 — Specific code

C0060Reinsurance recoverables — Premium provision Non–life including Non–SLT HealthThe amount of share of the reinsurer in the recoverables from reinsurance (including Finite Re and SPV) before the adjustment for expected losses due to the counterparty default, in the best estimate of the premium provisions calculated as the expected present value of future incoming and outgoing cash flows.
C0070Reinsurance recoverables — Claims provisions Non–life including Non–SLT HealthThe amount of share of the reinsurer in the recoverables from reinsurance (including Finite Re and SPV) before the adjustment for expected losses due to the counterparty default, in the best estimate of the claims provisions.
C0080Reinsurance recoverables — Technical provisions Life including SLT HealthThe amount of share of the reinsurer in the recoverables from reinsurance (including Finite Re and SPV) before the adjustment for expected losses due to the counterparty default, in the best estimate of the technical provisions.
C0090Adjustment for expected losses due to counterparty default

Per reinsurer the adjustment for expected losses due to counterparty default. The adjustment shall be calculated separately and must be in line with Delegated Regulation (EU) 2015/35.

This value shall be reported as negative value.

C0100Reinsurance recoverables: Total reinsurance recoverablesThe result of ceded technical provisions (i.e. claims + premiums provisions), including the adjustment for expected losses due to counterparty default.
C0110Net receivablesThe amounts past due resulting from: claims paid by the insurer but not yet reimbursed by the reinsurer plus commissions to be paid by the reinsurer and other receivables minus debts to the reinsurer. Cash deposits are excluded and are to be considered as guarantees received.
C0120Assets pledged by reinsurerAmount of assets pledged by the reinsurer to mitigate the counterparty default risk of the reinsurer.
C0130Financial guaranteesAmount of guarantees received by the undertaking from the reinsurer to guarantee the payment of the liabilities due by the undertaking (includes letter of credit, undrawn committed borrowing facilities).
C0140Cash deposits [F1Amount of cash deposits received by the undertaking from the reinsurers.]
C0150Total guarantees received

Total amount of types of guarantees.

[F2Corresponds to the sum of the amounts reported in C0120, C0130 and C0140.]

Information on reinsurers
C0160Code reinsurer

Identification code of the reinsurer by this order of priority:

  • Legal Entity Identifier (LEI);

  • Specific code attributed by the undertaking

C0170

Type of code

Reinsurer

Identification of the code used in item ‘Code reinsurer’. The following closed list shall be used:

  • 1 — LEI

  • 2 — Specific code

C0180Legal name reinsurer

Legal name of the reinsurer to whom the underwriting risk has been transferred. The official name of the risk–carrier reinsurer is stated in the reinsurance contract. It is not permitted to fill in the name of a reinsurance broker. Nor is it permitted to state a general or incomplete name as international reinsurers have several operating companies that may be based in different countries.

In case of pooling arrangements, the name of the Pool (or Pool manager) can be filled only if the Pool is a legal entity.

C0190Type of reinsurer

Type of reinsurer to whom the underwriting risk has been transferred.

The following closed list shall be used:

  • 1 — Direct Life insurer

  • 2 — Direct Non–life insurer

  • 3 — Direct Composite insurer

  • 4 — Captive insurance undertaking

  • 5 — Internal reinsurer (reinsurance undertaking which primary focus is to take risk from other insurance undertakings within the scope of group supervision)

  • 6 — External reinsurer (reinsurance undertaking that takes risks from undertakings other than from insurance undertakings within the scope of group supervision)

  • 7 — Captive reinsurance undertaking

  • 8 — Special purpose vehicle

  • 9 — Pool entity (where more than one insurance or reinsurance undertakings are involved)

  • 10 — State pool

C0200Country of residencyIdentify the ISO 3166–1 alpha–2 code for the country where the reinsurer is legally authorised/licensed.
C0210External rating assessment by nominated ECAI

The actual/current rating that is considered by the group.

[F2If the rating is not available the item shall be left blank and the reinsurer shall be identified as ‘9 — no rating available’ in column C0230 (Credit quality step).

This item is not applicable to reinsurers for which undertakings using internal model use internal ratings. If undertakings using internal model do not use internal rating, this item shall be reported.]

[F3In case ‘Multiple ECAI’ is reported in C0220 report the most representative external rating.]

C0220Nominated ECAI

[F4Identify the credit assessment institution (ECAI) giving the external rating in C0210, by using the following closed list. In case of ratings issued by subsidiaries of the ECAI please report the parent ECAI (the reference is to ESMA list of credit rating agencies registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies). In case a new Credit Rating Agency is registered or certified by ESMA and while the closed list is not up-dated please report ‘Other nominated ECAI’.]

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[F5Euler Hermes Rating GmbH (LEI code: 391200QXGLWHK9VK6V27)

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Japan Credit Rating Agency Ltd (LEI code: 35380002378CEGMRVW86)

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BCRA-Credit Rating Agency AD (LEI code: 747800Z0IC3P66HTQ142)

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Creditreform Rating AG (LEI code: 391200PHL11KDUTTST66)

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Scope Ratings GmbH (LEI code: 391200WU1EZUQFHDWE91)

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ICAP Group SA (LEI code: 2138008U6LKT8VG2UK85)

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GBB-Rating Gesellschaft für Bonitätsbeurteilung GmbH (LEI code: 391200OLWXCTKPADVV72)

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ASSEKURATA Assekuranz Rating-Agentur GmbH (LEI code: 529900977LETWLJF3295)

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ARC Ratings, S.A. (LEI code: 213800OZNJQMV6UA7D79)

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AM Best Europe

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A.M. Best (EU) Rating Services B.V. (LEI code: 549300Z2RUKFKV7GON79)

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AM Best Europe-Rating Services Ltd. (AMBERS) (LEI code: 549300VO8J8E5IQV1T26)

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DBRS Ratings Limited (LEI code: 5493008CGCDQLGT3EH93)

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Fitch

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Fitch France S.A.S. (LEI code: 2138009Y4TCZT6QOJO69)

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Fitch Deutschland GmbH (LEI code: 213800JEMOT1H45VN340)

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Fitch Italia S.p.A. (LEI code: 213800POJ9QSCHL3KR31)

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Fitch Polska S.A. (LEI code: 213800RYJTJPW2WD5704)

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Fitch Ratings España S.A.U. (LEI code: 213800RENFIIODKETE60)

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Fitch Ratings Limited (LEI code: 2138009F8YAHVC8W3Q52)

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Fitch Ratings CIS Limited (LEI code: 213800B7528Q4DIF2G76)

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Moody’s

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Moody’s Investors Service Cyprus Ltd (LEI code: 549300V4LCOYCMNUVR81)

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Moody’s France S.A.S. (LEI code: 549300EB2XQYRSE54F02)

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Moody’s Deutschland GmbH (LEI code: 549300M5JMGHVTWYZH47)

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Moody’s Italia S.r.l. (LEI code: 549300GMXJ4QK70UOU68)

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Moody’s Investors Service España S.A. (LEI code: 5493005X59ILY4BGJK90)

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Moody’s Investors Service Ltd (LEI code: 549300SM89WABHDNJ349)

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Moody’s Investors Service EMEA Ltd (LEI code: 54930009NU3JYS1HTT72)

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Moody’s Investors Service (Nordics) AB (LEI code: 549300W79ZVFWJCD2Z23)

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Standard & Poor’s

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S&P Global Ratings Europe Limited (LEI code:5493008B2TU3S6QE1E12)

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CRIF Ratings S.r.l. (LEI code: 8156001AB6A1D740F237)

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Capital Intelligence Ratings Ltd (LEI code: 549300RE88OJP9J24Z18)

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European Rating Agency, a.s. (LEI code: 097900BFME0000038276)

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Axesor Risk Management SL (LEI code: 959800EC2RH76JYS3844)

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Cerved Rating Agency S.p.A. (LEI code: 8156004AB6C992A99368)

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Kroll Bond Rating Agency (LEI code: 549300QYZ5CZYXTNZ676)

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The Economist Intelligence Unit Ltd (LEI code: 213800Q7GRZWF95EWN10)

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Dagong Europe Credit Rating Srl (Dagong Europe) (LEI code: 815600BF4FF53B7C6311)

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Spread Research (LEI code: 969500HB6BVM2UJDOC52)

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EuroRating Sp. z o.o. (LEI code: 25940027QWS5GMO74O03)

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HR Ratings de México, S.A. de C.V. (HR Ratings) (LEI code: 549300IFL3XJKTRHZ480)

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Egan-Jones Ratings Co. (EJR) (LEI code: 54930016113PD33V1H31)

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modeFinance S.r.l. (LEI code: 815600B85A94A0122614)

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INC Rating Sp. z o.o. (LEI code: 259400SUBF5EPOGK0983)

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Rating-Agentur Expert RA GmbH (LEI code: 213800P3OOBSGWN2UE81)

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Kroll Bond Rating Agency Europe Limited (LEI code: 5493001NGHOLC41ZSK05)

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Nordic Credit Rating AS (LEI code: 549300MLUDYVRQOOXS22)

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DBRS Rating GmbH (LEI code: 54930033N1HPUEY7I370)

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Beyond Ratings SAS (LEI code: 9695006ORIPPZ3QSM810)

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Other nominated ECAI

—

Multiple ECAI]

C0230Credit quality step

Identify the credit quality step attributed to the reinsurer. The credit quality step shall reflect any readjustments to the credit quality made internally by the group that use the standard formula.

[F6One of the options in the following closed list shall be used:

  • 0 — Credit quality step 0

  • 1 — Credit quality step 1

  • 2 — Credit quality step 2

  • 3 — Credit quality step 3

  • 4 — Credit quality step 4

  • 5 — Credit quality step 5

  • 6 — Credit quality step 6

  • 9 — No rating available]

C0240Internal ratingInternal rating of the reinsurer for groups using internal model to the extent that the internal ratings are used in their internal modelling. If an internal model undertaking is using solely external ratings this item shall not be reported.

Textual Amendments