Major Rating Factors:
Good overall results on stability tests (5.5 on a scale of 0 to 10) despite. Stability strengths include good historical capital adequacy and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.4% of capital. Fair profitability index (4.5) with operating losses during 2020, 2021 and 2022. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.0) 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:
Fire (5.9%), comm multi (5.9%), personal/comm auto (3.9%), med mal (0.8%), other (83.5%)
Licensed in:
RI
Principal Investments:
Investment grade bonds (94.6%), cash (0.5%), non investment grade bonds (0.3%), other (4.7%)
Corporate Info
Group Affiliation
CAN
Investment Rating
--
Company Address
55 West 46th Street
New York, NY 10036
New York, NY 10036
Phone Number
(646) 956-1574
NAIC Number
45055
Website
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