Major Rating Factors:
Fair long-term capitalization index (3.1 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate 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. Good overall profitability index (6.9) despite operating losses during 2022. Excellent expense controls.
Other Rating Factors:
Excellent liquidity (7.3) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0) despite negative cash flow from operations for 2025. Stability strengths include good operational trends, excellent risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (59.3%), personal/comm auto (10.6%), other (30.1%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (88.4%), cash (0.9%), other (10.7%)
Corporate Info
Group Affiliation
SCOR SE
Investment Rating
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Company Address
28 Liberty Street
New York, NY 10005
New York, NY 10005
Phone Number
(212) 480-1900
NAIC Number
20559
Website
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