Major Rating Factors:
Fair reserve development (4.4 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) with operating gains in each of the last five years.
Other Rating Factors:
Excellent liquidity (7.5) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.6). Stability strengths include good 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:
Fire (16.4%), work comp (13.5%), personal/comm auto (5.4%), product liab. (0.8%), other (63.8%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (66.9%), common stock (21.3%), cash (4.1%), preferred stock (1.6%), non investment grade bonds (0.9%), other (5.2%)
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