Eligible statutory deposit states and districts

Exclusive relationship with state department of insurance

Eligible and approved by state department of insurance

Get in touch

Jason Folken
Insurance Specialty Group – National Sales
jason.folken@usbank.com
866-681-5052

A map of the United States highlighting the states where U.S. Bank is approved by the departments of insurance in each state.

33 approved states and districts

We have an exclusive relationship with the departments of insurance in Alabama, Alaska, California, Colorado, Delaware, Florida, Idaho, Indiana, Iowa, Kentucky, Maryland, Minnesota, Mississippi, Nebraska, North Dakota, Nevada, New York, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming and Puerto Rico.

We are eligible and approved by the departments of insurance in Georgia, Maine, North Carolina and Oregon.

We do not conduct business in states not listed above.

Man wearing a blazer casually sitting on a desk in a meeting room

Advantages of reinsurance trusts

  • Reduce costs
  • Trust account is established once, eliminating annual renewal risk
  • Trust remains an asset of the grantor, improving balance sheet position
  • Make credit previously held in lines of credit available
  • Qualify for Schedule F credit

Why do insurers choose U.S. Bank for reinsurance trusts?

Insurance custody services

  • Dedicated team for reinsurance trust accounts
  • Custody, income collection and corporate actions
  • Straight-through processing (STP) and SWIFT
  • Partnership with Clearwater Analytics for reporting

Proven approach

  • Focus on automation and consolidation
  • Operational excellence in security processing
  • Largest statutory deposit network in 33 states
  • Sixth-largest custodian combined with the strength and stability of U.S. Bank
Young professional man standing against a glass wall while holding a tablet device

Additional related services

  • ADP proxy
  • SWIFT messaging
  • Worldwide securities settlement
  • Risk and compliance monitoring
  • State deposit tracking and reporting
  • Securities processing and settlements
  • NAIC and GAAP-compliant processing
  • Xcitek online corporate actions notification and processing

Discuss reinsurance trusts with the experts.

Learn more about reinsurance and how a trust might benefit you by reaching out to the U.S. Bank team.

Contact an expert
Start of disclosure content

Read the Shareholders Rights Directive II – U.S. Bank Pricing Disclosure.

Investment products and services are:

Not a Deposit • Not FDIC Insured • May Lose Value • Not Bank Guaranteed • Not Insured by any Federal Government Agency

Deposit products offered by U.S. Bank National Association. Member FDIC.

The information included on these pages is for your information and is not intended as legal, accounting or tax advice. U.S. Bank and its representatives do not provide legal, accounting and/or tax advice. Clients are encouraged to contact their legal, accounting and/or tax advisor regarding their particular situation. While the information is intended to be accurate, neither U.S. Bank Investment Services nor the publisher accepts responsibility for relying on the information provided.