North American Elite Auto Insurance Review

North American Elite Insurance Company is a reinsurance provider and is a subsidiary of Swiss Reinsurance Ltd. A.M. Best awarded it with an A rating.

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Company Details

Address:

650 Elm Street, 6th Floor

City:
Manchester
State:
New Hampshire
ZIP Code:
03101
Phone Number:
800-542-9200
Year Founded
1986
AM Best Rating:
A
Company Rating 0 (0 reviews)

Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates...

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Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance...

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Reviewed byDaniel Walker
Licensed Insurance Agenthttps://res.cloudinary.com/quotellc/image/upload/insurance-site-images/aiorg-live/d98a9f52-daniel-walker.png

UPDATED: Apr 17, 2020

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Things to Remember...

  • North American Elite Insurance was established in 1987
  • North American Elite Insurance is a subsidiary of Swiss Re
  • Swiss Re and its subsidiaries operate on three tiers
  • Swiss Re is the world’s leading carrier of reinsurance for life insurance companies all over the world

North American Elite Insurance Company is a New Hampshire-based reinsurance provider first established in 1987. They operate as a subsidiary of global insurance giant Swiss Reinsurance Ltd.

Altogether there are 14 subsidiaries in the United States, seven in Europe, and one in Australia. Together the group comprises one of the largest insurance operations in the world, with activities on every continent and in 20 specific countries.

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Swiss Re Products

Swiss Re and its subsidiaries operate on three tiers.

  1. The first is through reinsurance products for other companies, insuring property and casualty, life and health, and other insurance and investment needs.
  2. Their second line of business revolves around selling individual insurance products to corporate customers. These products also include property and casualty, and life and health.
  3. Finally, the last portion of their business is offering financial investment advice and other services to corporate investors.

By far, their largest footprint is in the area of providing reinsurance for life insurance companies.

In fact, Swiss Re is the world’s leading carrier of reinsurance for life insurance companies all over the world.

They specialize in creating financially sound coverage amounts based on expertise in mortality and morbidity rates. As part of their life insurance business, they also acquire other health and life insurance companies with closed books.

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North American Elite Auto Insurance

Since the majority of North American Elite’s business is formed around reinsurance, they don’t do much by way of auto insurance. Any auto insurance they do offer will be for corporate customers only.

Trying to offer personal lines of insurance would be a hindrance to their main objective, which is to be the world’s largest reinsurance provider.

As for North American Elite itself, we’re not sure which Swiss Re products they sell and service. It could be that they do offer car insurance at a corporate level – and then again, maybe not.

If those standard insurance companies suffer a catastrophic loss due to poor financial management or excessive claims, the reinsurance company would step up and pay the balance of any claims made against it.

North American Elite Locations

With operations in 20 countries around the world, it would be nearly impossible for us to list all of the Swiss RE subsidiaries here.

At the top of this article, you’ll find the mailing address and telephone number of North American Elite Insurance Company. For your convenience, we have also included the corporate headquarters information for Swiss Re below.

Mythenquai 50/60 P.O. Box
Zurich, 8022
Switzerland
Phone: +41-43-2852121

North American Elite Financial Strength

It’s important to note that Swiss Re and every single one of its subsidiaries consistently receives high marks for financial stability among the world’s leading financial services rating companies.

For example, North American Elite received an “A+” from A.M. Best. Most of the ratings we found for Swiss Re and its subsidiaries were “A’s” or better.

These ratings indicate that a company is on firm financial ground with enough assets available to pay current debt obligations and any reasonable number of claims that are made.

According to 2010’s financial filings, North American Elite Insurance Company is also doing well. Towards the end of 2010, it listed full assets of $40.16 million, working capital of $3.5 million, and a policy surplus of $30.5 million.

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North American Elite Careers

Swiss Re offers employment in one of three ways: direct and full-time, as an apprentice, or as part of their graduate studies program. Whether or not North American Elite participates in all three types is unknown.

However, you will find on the Swiss Re corporate website a careers link that will provide you with more than enough information to get started.

You may search their online jobs database either by country and local location, job categories, or type of contract design. The site provides a full list of current openings along with instructions for submitting a resume.

Even if North American Elite doesn’t offer auto policies, you can still find the best auto insurance rates online by entering your zip code in the box below!


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