In order to enhance
the quality of the promise made to our policyholders, Dryden Mutual
purchases special excess coverage on virtually all insurance policies we
write. This excess coverage is purchased from Swiss Re Corporation, the
largest worldwide financial reinsurance organization specializing in the
distribution of insurance risk literally around the globe.
“Reinsurance” is the common
transaction that nearly every insurance company uses to ensure their
claims-paying ability in the event of major loss (i.e. 9/11 attack, East
Coast hurricanes or wild fires in the West). This reinsurance guarantees
our policyholders that there are billions of dollars of assets behind
our own assets, backing up the coverage promised in every policy.
Swiss Re is currently rated “A” (Superior), FSC XV ($2 Billion +) by A.M. Best.