Magna Carta Insurance Group - S&P Global Ratings’ Credit Research

Magna Carta Insurance Group

Magna Carta Insurance Group - S&P Global Ratings’ Credit Research
Magna Carta Insurance Group
Published Mar 02, 2011
Published Mar 02, 2011
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Good competitive position in providing commercial insurance to small to midsize businesses. Very strong capitalization. Strong producer relationships. Strong business retention rates. Deteriorated underwriting performance. Modest-size player operating amid competitive and unfavorable pricing conditions. Geographic concentration in New York City. Some volatility in loss activity, in part because of above-average catastrophe losses. The insurer financial strength ratings on Public Service Mutual Insurance Co. and its wholly owned affiliates, Paramount Insurance Co. (NY) and Western Select Insurance Co. (collectively, Magna Carta), reflect Magna Carta's good competitive position in the commercial insurance marketplace, long-standing relationships with its top producers, strong business retention, and very strong capital. Somewhat offsetting the rating strengths are the group's deteriorated underwriting performance in recent years, its modest

Report Type:

Full Report

Property & Casualty Insurance (40301040)
Global Issuers, Public Finance
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S&P Global Ratings’ Credit Research. "Magna Carta Insurance Group" Mar 02, 2011. Alacra Store. May 21, 2018. <>
S&P Global Ratings’ Credit Research. (). Magna Carta Insurance Group Mar 02, 2011. New York, NY: Alacra Store. Retrieved May 21, 2018 from <>
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