Magna Carta Insurance Group - S&P Credit Research

Magna Carta Insurance Group

4118 words — Published Mar 02, 2011
Price $500.00  |  Buy this Report Now

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Abstract:

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

  
Brief Excerpt:

RESEARCH Ratings Definitions PDF Magna Carta Insurance Group Publication date: 02-Mar-2011 Primary Credit Analyst: John Iten, New York (1) 212-438-1757; john_iten@standardandpoors.com Secondary Contact: Ying Chan, New York (1) 212-438-5532;...

  
Report Type:

Full Report

Ticker
12317Z
Issuer
Public Service Mutual Insurance Co.
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers, Public Finance
Country
Region
Format:
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S&P Credit Research—S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Credit Research. "Magna Carta Insurance Group" Mar 02, 2011. Alacra Store. Nov 27, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Magna-Carta-Insurance-Group-851538>
  
APA:
S&P Credit Research. (). Magna Carta Insurance Group Mar 02, 2011. New York, NY: Alacra Store. Retrieved Nov 27, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Magna-Carta-Insurance-Group-851538>
  
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