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 profitability index (4.9) with operating losses during 2021 and 2022. Fair overall results on stability tests (4.2) including excessive premium growth.
Other Rating Factors:
Strong long-term capitalization index (10.0) 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.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
AL, AR, GA, IN, MD, MS, NC, PA, SC, TN, VA, WI, WV
Principal Investments:
Investment grade bonds (99.1%), cash (0.5%), other (0.4%)
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
10 Terrace Ct
Madison, WI 53718
Madison, WI 53718
Phone Number
(800) 362-5448
NAIC Number
22861
Website
Largest Affiliates