Major Rating Factors:
Weak profitability index (2.4 on a scale of 0 to 10). Weak overall results on stability tests (0.0) including excessive premium growth. The largest net exposure for one risk is excessive at 42.5% of capital. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level.
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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:
Comm multi (60.3%), personal/comm auto (25.6%), other (14.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (65.2%), cash (7.7%), other (27.2%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
--
Company Address
100 William Street
New York, NY 10038
New York, NY 10038
Phone Number
(212) 978-2800
NAIC Number
37079
Website
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