Major Rating Factors:
Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2021, 2022 and 2024. Fair overall results on stability tests (3.1) including weak results on operational trends. The largest net exposure for one risk is excessive at 5.4% of capital.
Other Rating Factors:
Fair long-term capitalization index (3.9) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (14.5%), med mal (7.6%), fire (2.1%), product liab. (0.6%), other (75.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (82.6%), cash (2.4%), non investment grade bonds (0.1%), other (14.9%)
Corporate Info
Group Affiliation
Vantage Group Holdings Ltd
Investment Rating
--
Company Address
123 N. Wacker Drive
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(833) 552-1772
NAIC Number
16275
Website
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