CANOPY INSURANCE CORP
Major Rating Factors:
Weak overall results on stability tests (1.4 on a scale of 0 to 10) including potential financial drain due to affiliation with Collateral Holdings Ltd, weak results on operational trends and lack of operational experience. Fair profitability (4.0). Excellent expense controls. Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (9.8). Excellent Liquidity (7.5).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (100.0%)
Licensed in:
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Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
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Investments in Affiliates
Corporate Info
Group Affiliation
Collateral Holdings Ltd
Investment Rating
--
Company Address
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Phone Number
(205) 951-4116
NAIC Number
17138
Largest Affiliates
No affiliate information available.