Hamilton Select Ins Inc
Major Rating Factors:
Fair reserve development (4.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.1) including excessive premium growth, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 5.2% of capital. Weak profitability index (2.7) with operating losses during 2021, 2022, 2023 and 2024.
Other Rating Factors:
Fair long-term capitalization index (3.8) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
E - Lack of operating experience.
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:
Med mal (18.5%), product liab. (1.3%), other (80.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (89.3%), other (10.7%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
5101 Cox Road
Glen Allen, VA 23060
Glen Allen, VA 23060
Phone Number
(804) 905-9977
NAIC Number
17178
Largest Affiliates
No affiliate information available.