Major Rating Factors:
Weak overall results on stability tests (2.7 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is conservative at 1.3% of capital. Good overall profitability index (5.3). Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (45.1%), fire (21.6%), farmowners (16.2%), comm multi (5.1%), other (11.9%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (92.5%), real estate (3.1%), common stock (0.1%), other (4.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
40 Main Street
Greenwich, NY 12834
Greenwich, NY 12834
Phone Number
(518) 692-2881
NAIC Number
10370
Website
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