Champlain Spclty Ins Co
Major Rating Factors:
Fair reserve development (4.2 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2021 the two year reserve development was 109.5% deficient. Good overall profitability index (5.2) despite operating losses during 2021. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Other Rating Factors:
Excellent liquidity (7.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0) despite excessive premium growth. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Other (100%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (80.8%), cash (14.3%), non investment grade bonds (2.2%), preferred stock (0.2%), other (2.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
900 Elm Street
Manchester, NH 03101
Manchester, NH 03101
Phone Number
(800) 341-3017
NAIC Number
16834
Website
Largest Affiliates
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