Global ReIns Corp of Am
Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair profitability index (3.8) with operating losses during 2021, 2022 and 2023. Return on equity has been low, averaging 3.8% over the past five years. Fair overall results on stability tests (3.6) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2023.
Other Rating Factors:
Strong long-term capitalization index (9.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. 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.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
All states except AK, AR, FL, HI, MA, MD, ME, MT, ND, NH, NV, OH, TN, VA, VT, WV, WY
Principal Investments:
Investment grade bonds (88.5%), non investment grade bonds (3.8%), cash (3.2%), common stock (2.0%), preferred stock (0.2%), other (2.3%)
Corporate Info
Group Affiliation
R&Q Ins Holdings Ltd
Investment Rating
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Company Address
One Logan Square
Philadelphia, PA 19103
Philadelphia, PA 19103
Phone Number
(267) 675-3348
NAIC Number
21032
Website
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Largest Affiliates
