Beazley Ins Co
Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2024. Fair overall results on stability tests (3.6) including weak results on operational trends. The largest net exposure for one risk is high at 3.4% of capital. Good long-term capitalization index (5.7) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
Ample reserve history (10.0) that helps to protect the company against sharp claims increases. Excellent liquidity (7.7) 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:
Med mal (0.6%), other (99.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (78.3%), common stock (13.4%), non investment grade bonds (5.4%), cash (0.9%), other (2.0%)
Corporate Info
Group Affiliation
Beazley plc
Investment Rating
--
Company Address
The Rutherford Building
West Hartford, CT 06107
West Hartford, CT 06107
Phone Number
(860) 677-3700
NAIC Number
37540
Website
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