Optimum Re Insurance Company (ORIC)
is the US subsidiary of Optimum Re Inc., a
member of the Optimum Group. Located
in Dallas, Texas since 1987, marking 2017
as its 30th anniversary, ORIC is active in all
US states, Puerto Rico, and the Caribbean.
ORIC prides itself in building successful
partnerships and its dedication in helping
the development of insurance companies of
all sizes. These partnerships start with listening to clients’ needs. Meeting those needs
is what has contributed to the success and
growth of ORIC throughout the years. ORIC
offers reinsurance solutions, competitive
pricing, full underwriting services, research
& development and an individual record
administration system which enhances its
risk management services for Life, Critical
Illness and supplementary products. ORIC
has solidified itself as a leader in the Critical
Illness and Final Expense arena through its
experience and guidance in risk management and claims adjudication.
ORIC was formed in 1987. Its innovative
marketing approach allowed for rapid but
controlled growth, paving the way to ORIC’s
successful start. Over the years, ORIC has
acquired six reinsurance blocks from other
reinsurers, the last being in 2014. This acquisition strategy accelerated ORIC’s growth
and commitment to the market. ORIC continues to successfully expand its presence in
the market through organic growth, block
acquisitions, and personalized solutions.
Client Focus is a core value for ORIC and is
affirmed by its clients consistently ranking it
as one of the best reinsurers in industry surveys. By focusing on its clients’ reinsurance
needs, ORIC maintains their dedication to
providing excellent customer service.
Lines of Reinsurance Business
■ ◗ Individual Life
■ ◗ Final Expense
■ ◗ Critical Illness
■ ◗ Accidental Death
■ ◗ Specialty Risk (Group Life and others)
■ ◗ Actuarial pricing—life, critical illness, and
blocks of inforce business;
■ ◗ Administration—Individual cession administration at no extra cost;
■ ◗ Claims—Assistance in claim review and
■ ◗ Reinsurance Contracts-development
■ ◗ Business Development—Dedicated sales
team with underwriting and actuarial
■ ◗ Research and development—New research available to clients;
■ ◗ Risk management—Reports allowing clients to verify retention, automatic limits,
and jumbo risk exposure
■ ◗ Underwriting—No minimum amount
for Facultative submissions; Jumbo
risks’ capacity at automatic rates; HIV
risk capacity; Hepatitis C risk capacity,
International underwriting team; 24 hour
time service; Web-based Life and Critical
Illness Underwriting Manual and training;
Training and educational seminars.
First Class Underwriting Seminar
ORIC’s Annual Underwriting Seminar, held
in the Dallas office, is a tremendous success
year after year. It’s always fully attended.
Mark your calendar for the 2017 seminar
on October 22-24.
LIC Final Expense Seminar
For over 5 years now, ORIC has partnered
with the LIC to host Final Expense Workshops. The wealth of knowledge from
speakers during this event has received
praise and has helped the seminar grow significantly. The 2017 Final Expense Workshop
was held in Dallas, Texas this past June.
■ ◗ ORIC offers “fresh” capacity for cases
with total lines exceeding the jumbo
■ ◗ ORIC offers full service facultative services with no minimum cession required.
■ ◗ ORIC highlighted its emphasis on innovation when they were the first to
announce that they felt many HIV risks
were insurable and were willing to
provide clients 1 million in capacity regardless of plan applied for.
■ ◗ ORIC broke barriers when they issued a
press release announcing its new Hepatitis C rating guidelines.
Critical Illness Rider Initiative
ORIC has been a market leader in Critical
Illness for over 15 years and they continue
to research the market and support major
Critical Illness initiatives. ORIC takes pride
in providing a simplified approach to help
clients add standalone and acceleration
products to its business portfolio.
With strong growth and attention to risk
management, the capital and surplus of
Optimum Re Inc. has grown to over $275
million with total assets close to $2.6 billion.
Quoting Ms. Anabelle Blondeau, President
and COO, “For nearly 50 years now, the
growth and success of our companies have
been carried by values such as integrity and
risk management, amongst others, as well
as by the high level of technical expertise
and talent of our teams.”
ORIC’s capital and surplus represents 25
percent of its total liabilities. Using the risk
based capital formula adopted by the NAIC,
ORIC’s total adjusted capital surplus is 732
percent of the Authorized Control Level Risk
Based Capital. Despite a volatile US reinsur-
ance market, ORIC’s new recurrent volume
has increased year after year. ORIC has an
A-(Excellent) rating from AM Best.
1345 River Bend Drive
Dallas, Texas 75247
EVP, Chief Development Officer
VP, Business Development