New England Guaranty 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. Fair overall results on stability tests (3.9) including excessive premium growth and weak results on operational trends. Strengths include potentially strong support from affiliation with Union Mutual Fire Ins Co. The largest net exposure for one risk is acceptable at 2.2% of capital. 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), 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
CT, MA, ME, NH, NY, RI, VT
Principal Investments:
Investment grade bonds (45.4%), common stock (38.3%), cash (6.3%), other (9.9%)
Corporate Info
Group Affiliation
Union Mutual Fire Ins Co
Investment Rating
--
Company Address
139 State Street
Montpelier, VT 05602
Montpelier, VT 05602
Phone Number
(802) 223-5261
NAIC Number
25852
Website
Largest Affiliates