Swiss Re Corpte Solutions Am
Major Rating Factors:
Fair reserve development (4.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2023 the one year reserve development was 37.4% deficient. Fair overall results on stability tests (4.9) including. Affiliation with Swiss Re AG is a strength. The largest net exposure for one risk is conservative at 1.9% of capital. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (7.1) despite operating losses during 2022. Excellent liquidity (8.9) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (15.7%), fin guar/surety (6.7%), comm multi (0.4%), product liab. (0.4%), personal/comm auto (0.2%), other (76.6%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (85.5%), common stock (9.8%), non investment grade bonds (1.7%), cash (0.4%), other (2.6%)
Corporate Info
Group Affiliation
Swiss Re AG
Investment Rating
--
Company Address
1200 Main Street
Kansas City, MO 64105
Kansas City, MO 64105
Phone Number
(816) 235-3700
NAIC Number
29874
Website
Largest Affiliates