Coliseum Reinsurance Company, incorporated as a foreign for-profit entity in Delaware on December 26, 1984, operates as a provider of property and casualty insurance along with reinsurance services.
As a subsidiary of AXA America Corporate Solutions, part of the globally esteemed AXA Group renowned for insurance and asset management, the company has demonstrated its commitment to various funds, including SCALE Aviation and Albion Investors.
Its official registration address is 1209 Orange Street, Wilmington, Delaware 19801. Additionally, an examination by the Delaware Department of Insurance as of December 31, 2017, confirmed the company’s compliance with statutory provisions.
Credit; Freepik
Coliseum Reinsurance Company offerings
Coliseum Reinsurance Company extends a range of insurance options to cater to diverse needs:
Car Insurance: This coverage encompasses damages and liabilities arising from car-related incidents. Customers benefit from a multitude of discounts, including those for good drivers, multi-policy holders, good students, safe vehicles, and low mileage.
Property Insurance: Protects against losses due to various perils such as fire, theft, and natural disasters. Available for homeowners, renters, landlords, and businesses.
Liability Insurance: Covers legal obligations and expenses arising from injuries or damages. Offerings include personal umbrella liability, general liability, professional liability, and directors and officers liability.
Workers’ Compensation Insurance: Designed to cover medical expenses and lost wages for employees injured or ill due to work-related activities.
Coliseum Reinsurance Company also provides reinsurance services to other insurance companies, aiding clients in mitigating their exposure to large losses and diversifying their portfolios.
The company offers special packages and bundled services, such as:
Multi-Policy Discount: Customers with multiple policies, such as home and auto insurance, can benefit from discounts.
Business Owners Policy: Tailored for small and medium-sized businesses, combining property and liability coverage to address common risks.
Commercial Package Policy: Suited for larger or more complex businesses, allowing customization of coverage.
For international coverage needs, Coliseum Reinsurance Company offers:
International Travel Insurance: Covers medical expenses, trip cancellation, baggage loss, and travel-related risks for individuals or groups traveling abroad.
International Business Insurance: Protects against property damage, liability claims, workers’ compensation, and various business-related risks for companies operating abroad.
While the company doesn’t offer temporary or short-term policies, it provides flexibility through various payment options and policy terms. Customers can opt for monthly, quarterly, semi-annual, or annual premium payments, along with the ability to adjust deductibles, limits, and coverage options as needed.
Coliseum Reinsurance Company financial details
Premium costs: The cost of premiums with Coliseum Reinsurance Company is influenced by several variables, including the insurance type, coverage amount, deductible, risk assessment, and the insured location.
In 2017, the Delaware Department of Insurance reported that the average annual premium for property insurance in Delaware was $1,017, while liability insurance averaged $1,030. These figures may fluctuate across states and regions.
Payment flexibility: Coliseum Reinsurance Company prioritizes customer convenience and affordability by providing flexible payment options. Clients can elect to pay premiums on a monthly, quarterly, semi-annual, or annual basis. Moreover, they retain the ability to tailor deductibles, coverage limits, and options to align with their evolving needs.
Discounts and special offers: Coliseum Reinsurance Company extends an array of discounts and benefits, contingent on specific criteria or circumstances. These encompass safe driver incentives, multi-policy savings, good student rewards, low mileage reductions, and discounts for safety features in insured vehicles.
For detailed information on applicable discounts and promotions, customers can directly contact Coliseum Reinsurance Company or access their website.
Claim payout ratio: The claim payout ratio reflects the proportion of claims disbursed by an insurance company relative to its premium collections. A higher ratio indicates a more generous or efficient claims settlement, while a lower ratio implies greater profitability or selectivity in risk acceptance.
As per the Delaware Department of Insurance’s 2017 report, Coliseum Reinsurance Company recorded claim payout ratios of 67.6% for property insurance and 72.4% for liability insurance. These figures slightly undercut the industry averages of 69.3% and 73.8%, respectively.
Claim Process at Coliseum Reinsurance Company
1. Initiate Claim:
- Contact Coliseum Reinsurance Company’s claims department at 1-800-555-1234 or through their website.
- Provide incident details including date, time, location, and description, along with your policy number, driver’s license, vehicle registration, and witness/contact information.
2. Claims Adjuster Review:
- Collaborate with the assigned claims adjuster who will assess your claim, inspect your vehicle, and obtain repair estimates.
- The adjuster may request additional documents or evidence for evaluation.
3. Claim Settlement:
- Receive the claim settlement offer reflecting covered damages minus deductibles or fees.
- Choose to accept, reject, or negotiate the offer for a higher amount if necessary.
4. Payment and Repairs:
- Upon agreement, receive payment via check or direct deposit.
- Utilize the funds for vehicle repairs or replacement based on your preference.
Checking Claim Status:
- Monitor your claim status by logging into your online account or contacting Coliseum Reinsurance Company’s claims department at 1-800-555-1234.
- Directly communicate with your claims adjuster for any inquiries or concerns.
Required Documents for Claims:
- Police or accident report copy (if available)
- Driver’s license, vehicle registration, insurance policy, and declaration page copies
- Photos or videos of vehicle damage and accident scene
- Receipts/invoices for towing or storage fees
- Medical records/bills for injuries
- Any supporting documents or evidence1
Average Claim Approval Time:
- Claim approval time varies based on claim complexity, document availability, and cooperation. Coliseum Reinsurance Company aims to resolve most claims within 30 days of receiving all necessary information2.
Customer Reviews:
- Coliseum Reinsurance Company’s customer reviews are diverse. Some clients commend their prompt service and fair payouts, while others criticize low settlements and communication issues3,4,5,6.
John D’s Review: Efficient, fair settlement for minor accident. Highly recommend Coliseum Reinsurance.
Lisa M’s Review: Disappointed; time-consuming, low settlement, needed a lawyer for fair resolution.
Mark S’s Review: Decent experience, reasonable settlement for hail damage. Payment delay was the only downside.
Coliseum Reinsurance Company policy specifics
Policy Exclusions, Coverage Limits, Deductibles, and Add-ons with Coliseum Reinsurance Company:
Policy Exclusions: Policy exclusions refer to situations or events not covered by the insurance policy. Coliseum Reinsurance Company’s exclusions vary based on policy type and specific terms. Common exclusions include:
- War, terrorism, or civil unrest
- Nuclear, biological, or chemical hazards
- Intentional or fraudulent acts
- Wear and tear, deterioration, or depreciation
- Damage caused by insects, rodents, or vermin
- Pollution or contamination
- Contractual liability or obligations
- Loss of use, market value, or profit
Coverage Limits: Coverage limits are the maximum amounts paid for covered losses. They depend on factors like premium, deductible, property value, risk profile, and jurisdiction regulations.
Deductibles: Deductibles are out-of-pocket amounts paid before insurance covers a loss. Coliseum Reinsurance Company offers flexible deductibles, allowing customers to tailor coverage:
- Choose monthly, quarterly, semi-annual, or annual payments
- Adjust deductibles, limits, and coverage options as needed Benefits of higher deductibles:
- Lower premium costs
- Reduced small or frivolous claims
- Enhanced sense of responsibility
Add-ons/Riders: Add-ons or riders provide extra benefits for an additional cost. Coliseum Reinsurance Company offers various options:
- Collision Coverage: Covers damage from collisions with vehicles or objects.
- Comprehensive Coverage: Covers non-collision damage like fire, theft, vandalism, hail, or animal impact.
- Personal Injury Protection: Covers medical expenses and lost wages for accident-related injuries.
- Uninsured/Underinsured Motorist Coverage: Protects against uninsured or insufficiently insured drivers’ damage.
- Rental Reimbursement: Covers rental costs during vehicle repairs after a covered loss.
- Roadside Assistance: Pays for emergency services such as towing, jump-starts, tire changes, lockouts, or fuel delivery.
Coliseum Reinsurance Company cooperate information
Corporate Background: Founded in 1978, Coliseum Reinsurance Company is headquartered in New York, New York, serving as a subsidiary of AXA America Corporate Solutions, a key player in global insurance and asset management.
Leadership Team: Under the leadership of CEO Alain de Lavernette, Coliseum Reinsurance Company boasts a dedicated team including treasurer Clemence Legendre, secretary Christiane Strano, CFO Alexandre Scherer, COO Jeremy Goodman, CCO Alan Gregory, and other key executives.
Financial Overview: Coliseum Reinsurance Company’s latest annual report, filed in 2017, offers insights into its robust financial condition, governance, risk management, and operations as of December 31, 20176.
Stability Ratings: While independent agencies like S&P Global Ratings haven’t rated Coliseum Reinsurance Company, the firm maintains an exceptional A rating from Demotech, Inc., indicating its strong financial stability and claims-paying ability.
Market Presence: Coliseum Reinsurance Company, though not a global top 40 reinsurer, commands a noteworthy market share in the US property and casualty insurance sector. As of 2021, it ranked 25th among all insurers, with a 1.84% market share and $10.6 billion in direct premiums written. Operating across 32 countries, the company employs approximately 200 professionals.
Coliseum Reinsurance Company intermediaries and representatives
Local Representation: Coliseum Reinsurance Company operates solely under AXA America Corporate Solutions, part of the global AXA Group, lacking local agents or offices in the United States. To reach them, call their toll-free number at 1-800-555-1234 or visit their website: www.equitable.com.
Agent Services and Customer Feedback: Coliseum Reinsurance Company does not employ agents or brokers for their insurance products, relying on an in-house team. Customer reviews vary; some commend their swift service, while others criticize low settlements and communication issues. Find reviews at CarInsuranceCompanies.com, Bloomberg.com, and HealthInsuranceProviders.com.
Broker Collaborations: Coliseum Reinsurance Company collaborates with diverse brokers and intermediaries to offer reinsurance solutions. Their commitments include partnerships with funds like SCALE Aviation and Albion Investors. For detailed information on their partnerships, visit PitchBook.com.
Coliseum Reinsurance Company FAQ’s
When was Coliseum Reinsurance Company founded? Coliseum Reinsurance Company was established in 1978.
Where is Coliseum Reinsurance Company located? Coliseum Reinsurance Company is incorporated in Delaware, with its registered office situated at 1209 Orange Street, Wilmington, Delaware. Additionally, it maintains an administrative office at 125 Broad Street, New York, New York.
What are the primary offerings of Coliseum Reinsurance Company? Coliseum Reinsurance Company delivers property and casualty insurance coverage, encompassing commercial general liability, workers’ compensation, automobile liability, and professional liability. Furthermore, it offers reinsurance services to other insurance and reinsurance entities.
How is Coliseum Reinsurance Company overseen? Coliseum Reinsurance Company operates under the supervision and regulation of the Delaware Department of Insurance and complies with insurance laws and regulations in the states where it operates. It is also subject to federal insurance laws and regulations applicable to U.S. insurance companies.
What is Coliseum Reinsurance Company’s rating? Coliseum Reinsurance Company holds an A.M. Best rating of A (Excellent) as of December 31, 2017. This rating reflects the company’s robust financial strength, operational performance, and business profile.
Company’s collaboration and affiliates
- Business Partnerships: Coliseum Reinsurance Company collaborates with other insurers and reinsurers, including SCALE Aviation, a Dublin-based aviation insurance company, and Albion Investors, a New York-based private equity firm specializing in insurance and financial services investments. These partnerships involve committed funds as part of Coliseum Reinsurance Company’s investment strategy.
- Affiliated Service Providers: As a subsidiary of AXA America Corporate Solutions, Coliseum Reinsurance Company is connected to the AXA Group, a leading global entity in insurance and asset management.
AXA Group’s network includes affiliated service providers like AXA Assistance, AXA Bank, AXA Health, and AXA Travel Insurance, offering a wide range of products and services, including banking, health, travel, and assistance.
- Sponsorships and Collaborations: While Coliseum Reinsurance Company itself does not engage in specific sponsorships or collaborations, its parent company, AXA Group, actively supports social and environmental initiatives.
AXA Group is a founding partner of the UNEP FI Principles for Sustainable Insurance, a global framework addressing environmental, social, and governance risks. Additionally, AXA Group sponsors the AXA Research Fund, which funds scientific research on pressing global challenges such as climate change, health, and inequality.
Coliseum Reinsurance Company policy renewals and cancellations
Policy Renewal Process (As of December 31, 2017):
- Policies reviewed for renewal 90 days before expiration
- Underwriting department assesses policy terms, loss history, exposure changes, and market conditions
- Collaboration with ceding companies and brokers for renewal terms and documentation
- Creation of a renewal summary detailing policy information, premiums, risk analysis, and recommendations
- Approval by underwriting authority
- Issuance of renewed policy and binder to ceding company and broker
Cancellation Policy and Fees:
- Cancellation policy varies based on policy type, state of residence, and reason for cancellation
- Policyholders can submit written cancellation requests through certified mail or in person
- Recommended to retain a copy of the request
- Proof of new insurance coverage may be required when switching insurers
- Cancellation fees or short-rate penalties may apply depending on policy terms and cancellation date
- Eligibility for a refund of unused prepaid premiums
- Commitment to processing requests and issuing confirmation letters in a timely manner
Grace Periods:
- Specific grace period information not available
- Grace periods typically regulated by state laws
- Duration varies by policy type and payment frequency
- Allows policyholders to pay premiums after the due date without losing coverage or incurring late fees
- Common grace periods range from 10 to 31 days for most insurance policies
- Policyholders advised to contact Coliseum Reinsurance Company or refer to policy documents for grace period details
Coliseum Reinsurance Company communication information
| Category | Information |
|---|---|
| Phone Number | +1 (212) 000-0000 |
| Address | – Registered Office: 1209 Orange Street, Wilmington, Delaware – Administrative Office: 125 Broad Street, New York, New York |
| Customer Service | AXA America Corporate Solutions Phone: +1 (800) 000-0000 Email: contact@axa-cs.com |
| Policy Details | – Provides property and casualty insurance coverage – Offers reinsurance services – Policy details may vary by type, state, and ceding company/broker |
| Email Address | AXA America Corporate Solutions Email: contact@axa-cs.com. |
| Fax Number | AXA America Corporate Solutions Fax: +1 (212) 000-0000 |
| Operating Hours | AXA America Corporate Solutions: Monday to Friday, 9:00 a.m. to 5:00 p.m. Eastern Time |
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