CANOPY INSURANCE CORP
Major Rating Factors:
Weak overall results on stability tests (1.4 on a scale of 0 to 10) including weak financial strength of affiliated Collateral Holdings Ltd and lack of operational experience. Weak profitability (1.9). Weak Liquidity (2.2) as a spike in claims may stretch capacity.
Other Rating Factors:
Strong capitalization (8.5) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (9.7).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
E - Lack of operating experience.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
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Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
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Investments in Affiliates
Corporate Info
Group Affiliation
Collateral Holdings Ltd
Investment Rating
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Company Address
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Phone Number
(205) 951-4116
NAIC Number
17138
Largest Affiliates