Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Vulnerable liquidity (0.7) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (0.4) including excessive premium growth, weak risk adjusted capital in prior years and weak results on operational trends. History of adequate reserve strength (5.3) as reserves have been consistently at an acceptable level. Excellent profitability (8.7) despite modest operating losses during 2020.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Other (100%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (46.2%), cash (35.3%), other (18.5%)
Corporate Info
Group Affiliation
Generali Group
Investment Rating
Company Address
7 WTC 250 Greenwich Street
New York, NY 10007
New York, NY 10007
Phone Number
(212) 602-7600
NAIC Number
11231
Website
Largest Affiliates
No affiliate information available.
