Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2021 and 2022. Fair overall results on stability tests (3.4) including excessive premium growth. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (89.2%), cash (10.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
45 Rockefeller Plaza
New York, NY 10111
New York, NY 10111
Phone Number
(215) 537-4791
NAIC Number
36579
Website
Largest Affiliates
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