Accelerant Specialty Ins Co
Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.9) including excessive premium growth, weak risk adjusted capital in prior years, weak results on operational trends and lack of operational experience. Good long-term capitalization index (5.1) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
Good overall profitability index (5.5) despite operating losses during 2021. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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 (16.1%), comm multi (12.3%), fin guar/surety (5.6%), homeowners (4.6%), farmowners (1.2%), other (60.2%)
Licensed in:
AR
Principal Investments:
Investment grade bonds (31.3%), cash (17.9%), common stock (14.5%), other (36.3%)
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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