Overview
What is Scs Reinsurance Co Ltd?
Scs Reinsurance Co Ltd is a reinsurance company based in Bedford, Indiana. Their primary focus is to reinsure vehicle service contract risks that are underwritten by Marathon Financial Insurance Company in the United States. Their mission is centered around providing reinsurance services for such risks, contributing to the overall insurance industry. The company's operations are dedicated to this specific field, making it a key player in the reinsurance sector for vehicle service contracts.
Is Scs Reinsurance Co Ltd legitimate?
Scs Reinsurance Co Ltd is a legitimate nonprofit organization registered as a 501(c)(15) entity. Scs Reinsurance Co Ltd submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
What is the mission statement of Scs Reinsurance Co Ltd?
SCS Reinsurance Co Ltd's mission primarily revolves around reinsuring vehicle service contract risks that are underwritten by Marathon Financial Insurance Company in the United States. Their mission is centered around providing reinsurance services for such risks, with the aim of mitigating potential financial losses for the initial insurers. The company focuses on this particular niche, ensuring a specialized approach to risk management. While the location of SCS Reinsurance is mentioned as Bedford, IN, in the provided information, it is not relevant to the mission statement and should be omitted in the summary.
Who is the CEO of Scs Reinsurance Co Ltd?
Barbara J Starr is the Secretary of Scs Reinsurance Co Ltd.
What is the revenue of Scs Reinsurance Co Ltd?
Scs Reinsurance Co Ltd's revenue in 2022 was $78,703.
Who are the executives of Scs Reinsurance Co Ltd and what are their salaries?
Here are 2 key members and their salaries:
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Where can I find the form 990EZ for Scs Reinsurance Co Ltd?
Scs Reinsurance Co Ltd's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Scs Reinsurance Co Ltd
SCS Reinsurance Co Ltd's mission revolves around reinsuring vehicle service contract risks that are underwritten by Marathon Financial Insurance Company in the United States. The company's primary objective is centered on the reinsurance of these specific risks, operating with a focus on this specialized field.
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Impact
October, 2024
SCS Reinsurance Co Ltd plays a vital role in the insurance landscape by providing reinsurance for vehicle service contracts, particularly those associated with U.S. risks underwritten by Marathon Financial Insurance Company. By absorbing some of the risk associated with these contracts, SCS Reinsurance stabilizes the insurance market, ensuring that more comprehensive coverage is available to consumers.
Located in Bedford, IN, SCS Reinsurance contributes to the local economy through job creation and professional services related to risk management and financial stability. The firm's focus on mutual benefit underscores its commitment not just to its direct business interests but also to the broader community by promoting sustainable insurance practices.
Through its reinsurance activities, SCS Reinsurance enhances the ability of insurers to offer reliable and competitive vehicle service contracts, ultimately leading to increased consumer confidence and protection. This impact is crucial in fostering a resilient and responsive insurance environment in the marketplace.
This information is meant to be a general summary of Scs Reinsurance Co Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,845
- Program Service Revenue: $74,858
- Gross Receipts: $78,703
Assets and Liabilities:
- Total Assets: $322,190
- Total Liabilities: $266,521
- Net Assets: $55,669
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Organization Details
Phone
(812) 804-1046Principal Officer
Barbara J Starr
Main Address
1507 J STREET, BEDFORD, IN, 47421
NTEE Category
Code: Y20 - Mutual benefit
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