Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2019. Excellent profitability index (8.8).
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (8.3). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital.
Stability Factors:
Principal Lines of Business:
Work comp (13.8%), fire (13.4%), personal/comm auto (5.9%), product liab. (1.0%), other (65.9%)
Licensed in:
All states and GU, PR
Principal Investments:
Investment grade bonds (65.3%), common stock (23.9%), cash (3.8%), non investment grade bonds (2.0%), preferred stock (0.2%), other (4.7%)
Corporate Info
Group Affiliation
Starr International Co Inc
Investment Rating
--
Company Address
399 Park Avenue
New York, NY 10022
New York, NY 10022
Phone Number
(646) 227-6400
NAIC Number
38318
Website
Largest Affiliates