Overview
What is Wolff Enterprises Reinsurance Limited?
Wolff Enterprises Reinsurance Limited is a reinsurance company based in Chesterfield, Missouri. Specifically located at 14755 North Outer 40 Road Suite 400, they specialize in reinsuring vehicle service contract business written on US risk. This means they offer protection and risk management solutions to companies that provide vehicle service contracts. While the information does not specify, it is assumed that they operate as a for-profit entity, as the term "nonprofit" is not mentioned in the data provided.
Is Wolff Enterprises Reinsurance Limited legitimate?
Wolff Enterprises Reinsurance Limited is a legitimate nonprofit organization registered as a 501(c)(15) entity. Wolff Enterprises Reinsurance Limited submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Wolff Enterprises Reinsurance Limited?
Wolff Enterprises Reinsurance Limited's primary role is to provide reinsurance services for vehicle service contracts and gap contract businesses. Specifically, the company receives such contracts written on US risk, backed by Protective Casualty Company. This reinsurance activity aims to mitigate risks associated with these contracts, providing financial protection and stability for the original insurers. The company's mission is centered around supporting the vehicle service contract and gap contract businesses, ensuring they can continue to offer their services with the necessary financial security.
Who is the CEO of Wolff Enterprises Reinsurance Limited?
Ronald Wolff is the President of Wolff Enterprises Reinsurance Limited.
What is the revenue of Wolff Enterprises Reinsurance Limited?
Wolff Enterprises Reinsurance Limited's revenue in 2022 was $174,427.
Who are the executives of Wolff Enterprises Reinsurance Limited and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wolff Enterprises Reinsurance Limited?
Wolff Enterprises Reinsurance Limited's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wolff Enterprises Reinsurance Limited
Wolff Enterprises Reinsurance Limited is primarily focused on providing reinsurance services for two specific types of business: vehicle service contracts and gap contracts. The company's role is to receive these types of contracts written on US risk, primarily by Protective Casualty Company. In essence, Wolff Enterprises acts as a safety net for these contracts, assuming a portion of the risk associated with them. This mission allows Protective Casualty Company to expand its coverage offerings while managing its risk exposure, ultimately benefiting consumers who rely on these contracts for vehicle protection.
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Impact
October, 2024
Wolff Enterprises Reinsurance Limited plays a significant role in the insurance market by providing reinsurance for vehicle service contracts and guaranteed asset protection (GAP) contracts. This function helps stabilize the insurance industry by spreading risk among providers and ensuring that those offering vehicle service contracts can meet potential claims.
Operating from Chesterfield, Missouri, Wolff Enterprises focuses primarily on receiving business from the Protective Casualty Company, which enhances the financial security and operational capacity of that insurer. By assuming a portion of the risk associated with these contracts, Wolff Enterprises contributes to a more robust system for managing automotive-related claims, benefiting both consumers and insurers. This impact can lead to greater confidence in vehicle service offerings, ensuring that individuals and businesses have reliable protection for their investments.
Overall, Wolff Enterprises Reinsurance Limited is essential in ensuring a balanced reinsurance market, which is vital for maintaining stability and flexibility in the vehicle service contract landscape.
This information is meant to be a general summary of Wolff Enterprises Reinsurance Limited. 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: $12,712
- Program Service Revenue: $161,715
- Gross Receipts: $174,427
Assets and Liabilities:
- Total Assets: $806,643
- Total Liabilities: $429,626
- Net Assets: $377,017
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS WRITTEN
Revenue
$161,715
Organization Details
Phone
(847) 572-3102Principal Officer
Ronald Wolff
Main Address
14755 NORTH OUTER 40 RD SUITE 400, CHESTERFIELD, MO, 63017
NTEE Category
Code: Z99 - Unknown
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