Berkley Prestige Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (6.4) despite excessive premium growth and lack of operational experience. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (7.9). Excellent expense controls. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
Principal Lines of Business:
Homeowners (99.7%), other (0.3%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (61.7%), cash (38.3%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
7233 East Butherus Drive
Scottsdale, AZ 85260
Scottsdale, AZ 85260
Phone Number
(480) 509-6627
NAIC Number
17412
Website
Largest Affiliates