C
Amer Excess Ins Exchange RRG
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Capital
Net
Premiums
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Major Rating Factors: Fair long-term capitalization index (4.3 on a scale of 0 to 10) based on weak current risk adjusted capital (moderate loss scenarios). Weak overall results on stability tests (2.3) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 13.4% of capital. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims.
Other Rating Factors: Fair profitability index (4.7) with operating losses during 2022. Return on equity has been fair, averaging 5.4% over the past five years. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. D - Limited diversification of general business, policy, and/or investment risk. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Med mal (94.8%), other (5.2%)
Licensed in: VT
Principal Investments: Investment grade bonds (66.1%), common stock (25.3%), cash (3.0%), non investment grade bonds (0.3%), other (5.3%)
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Reserve to Surplus
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2-Year Reserve Development
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
11622 EL Camino Real
San Diego, CA 92130
Phone Number
(858) 764-2520
NAIC Number
10903
Largest Affiliates
No affiliate information available.