Accelerant Specialty Ins Co
Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.0) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is conservative at 1.0% of capital. Good overall profitability index (5.8) despite operating losses during 2021. Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (16.1%), comm multi (12.3%), fin guar/surety (5.6%), homeowners (4.6%), farmowners (1.2%), other (60.2%)
Licensed in:
AR
Principal Investments:
Investment grade bonds (31.3%), cash (17.9%), common stock (14.5%), other (36.3%)
Corporate Info
Group Affiliation
ACP Ins Management LLC
Investment Rating
--
Company Address
400 Northridge Road
Sandy Springs, GA 30350
Sandy Springs, GA 30350
Phone Number
(833) 284-9200
NAIC Number
16890
Website
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