Mainsail Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Weak overall results on stability tests (2.3) including excessive premium growth and weak results on operational trends. 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. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
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 (100.0%)
Licensed in:
All states except CA, DE, ID, MI, MN, MO, NY, OR, VA, VT
Principal Investments:
Investment grade bonds (90.5%), cash (0.8%), other (8.7%)
Ratios
Premium to Surplus
--
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Emerald Bay Risk Solutions
Investment Rating
--
Company Address
177 Madison Avenue
Morristown, NJ 07960
Morristown, NJ 07960
Phone Number
(862) 332-8050
NAIC Number
17203
Website
Largest Affiliates