SWISS RE CORPORATE SOLUTIONS AMERICA
Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including potential drain of affiliation with Swiss Reinsurance and weak results on operational trends. The largest net exposure for one risk is conservative at 1.9% of capital. Fair profitability index (4.3) with operating losses during 2022. Return on equity has been low, averaging 2.4% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (17.9%), product liab. (0.3%), fire (0.2%), personal/comm auto (0.2%), other (81.4%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (76.1%), common stock (20.5%), non investment grade bonds (2.7%), cash (0.6%)
Corporate Info
Group Affiliation
Swiss Reinsurance
Investment Rating
--
Company Address
1200 Main St Suite 800
KANSAS CITY, MO 64105
KANSAS CITY, MO 64105
Phone Number
(603) 644-6600
NAIC Number
29874
Website
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