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 overall results on stability tests (4.5) including excessive premium growth and lack of operational experience. Good profitability index (4.9). Excellent expense controls.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
Principal Lines of Business:
Comm multi (100.0%)
Licensed in:
CT, DC, DE, IL, IN, MA, MD, ME, MI, NH, NJ, NY, OH, PA, RI, TN, VA, WI
Principal Investments:
Investment grade bonds (99.3%), other (0.7%)
Corporate Info
Group Affiliation
Greater New York Group
Investment Rating
--
Company Address
350 Fifth Avenue
New York, NY 10118
New York, NY 10118
Phone Number
(212) 683-9700 1274
NAIC Number
17155
Website
Largest Affiliates