Major Rating Factors:
Fair reserve development (4.0 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2023 the two year reserve development was 20.9% deficient. Fair profitability index (3.7) with operating losses during 2022, 2023 and 2025. Fair overall results on stability tests (3.6) including excessive premium growth and negative cash flow from operations for 2025.
Other Rating Factors:
Good long-term capitalization index (6.6) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Superior liquidity (9.8) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
AZ, CA, CT, IA, KS, MI, NY, OR, PA, TX
Principal Investments:
Investment grade bonds (80.6%), common stock (14.2%), non investment grade bonds (2.5%), preferred stock (1.2%), cash (0.2%), other (1.3%)
Corporate Info
Group Affiliation
Trenwick Group Ltd
Investment Rating
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Company Address
40 Richards Avenue
Norwalk, CT 06854
Norwalk, CT 06854
Phone Number
(203) 418-4100
NAIC Number
34894
Website
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Largest Affiliates
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