Conventus Inter-Ins
Major Rating Factors:
Good overall profitability index (6.7 on a scale of 0 to 10) with small operating losses during 2022. Good overall results on stability tests (5.5) despite. Stability strengths include excellent operational trends and good risk diversification. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Med mal (99.1%), other (0.9%)
Licensed in:
NJ
Principal Investments:
Investment grade bonds (90.5%), cash (9.0%), other (0.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
900 Route Nine, North
Woodbridge, NJ 07095
Woodbridge, NJ 07095
Phone Number
(877) 444-0484 7466
NAIC Number
11535
Website
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