Accelerant Specialty Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.2 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Fair reserve development (4.2) as reserves have generally been sufficient to cover claims. Fair profitability index (4.5) with operating losses during 2021.
Other Rating Factors:
Fair overall results on stability tests (3.7) including weak risk adjusted capital in prior years, weak results on operational trends, excessive premium growth and lack of operational experience. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
E - Lack of operating experience.
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:
Fire (18.1%), comm multi (9.7%), personal/comm auto (4.1%), homeowners (3.0%), fin guar/surety (1.1%), farmowners (0.8%), other (63.2%)
Licensed in:
AR
Principal Investments:
Investment grade bonds (25.0%), common stock (15.9%), cash (12.9%), other (46.2%)
Corporate Info
Group Affiliation
ACP Ins Management LLC
Investment Rating
--
Company Address
400 Northridge Road
Sandy Springs, GA 30350
Sandy Springs, GA 30350
Phone Number
(833) 284-9200
NAIC Number
16890
Website
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