Major Rating Factors:
Weak overall results on stability tests (0.5 on a scale of 0 to 10) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 25.5% of capital. Fair profitability index (4.6) with operating losses during 2021 and 2022. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Stability Factors:
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:
Personal/comm auto (8.4%), other (91.6%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (87.0%), cash (6.2%), other (6.8%)
Corporate Info
Group Affiliation
SiriusPoint Ltd
Investment Rating
Company Address
One World Trade Center
New York, NY 10007
New York, NY 10007
Phone Number
(212) 312-2500
NAIC Number
16820
Website
Largest Affiliates