Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2019. Excellent profitability index (9.6) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been excellent over the last five years averaging 19.5%.
Other Rating Factors:
Superior liquidity (9.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Fire (74.4%), product liab. (1.1%), other (24.5%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (88.5%), cash (10.6%), preferred stock (0.4%), other (0.5%)
Corporate Info
Group Affiliation
Starr International Co Inc
Investment Rating
--
Company Address
399 Park Avenue
New York, NY 10022
New York, NY 10022
Phone Number
(646) 227-6600
NAIC Number
13604
Website
Largest Affiliates