Westchester Surplus Lines Ins
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair liquidity (3.8) as cash resources may not be adequate to cover a spike in claims. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 0.9% over the past five years.
Other Rating Factors:
Good overall results on stability tests (5.4) despite excessive premium growth. 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.
Stability Factors:
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (18.0%), product liab. (2.6%), personal/comm auto (0.3%), homeowners (0.2%), other (78.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (98.4%), other (1.6%)
Corporate Info
Group Affiliation
Chubb Limited
Investment Rating
Company Address
436 Walnut Street
Philadelphia, PA 19106
Philadelphia, PA 19106
Phone Number
(215) 640-1000
NAIC Number
10172
Website
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