Preview
FILED: KINGS COUNTY CLERK 11/29/2018 04:29 PM INDEX NO. 510798/2018
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 11/29/2018
EXHIBIT A
FILED: KINGS COUNTY CLERK 11/29/2018 04:29 PM INDEX NO. 510798/2018
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 11/29/2018
ATLANTIC CASUALTY INSURANCE COMPANY
in000̄ -^
Doitam
2015 20 20 0ï5) 20 2017
TotalAssets 249,675 263,649 286,443 RBCRatio(%) 474.0 546.6
TotalLiabilities 161,888 164,167 177,619 2yrResDevelopment 8,035 11863 13,562
Surplus
_Policyholder 87,788 99,482 108,824 2yrDev/ Surplus(IRIS#12) 9.7% -13.8% 15.4%
Cash& InvestedAssets 232,392 246,145 268,029 AffiliatedCommonStck 0 0 --0
Cash& InvestedAssets/TotalAssei
93.1% 93.4% 93.6% AffiliatedCS/ Surplus 0.0% 0.0%| 0.0%
NetCashfromOperations 14,232 16,301 19,165 NetReinsRecoverable 75,055 66,434! 60,466
121,031' NetReinsRec/ Surplus 85.5%
Loss& LAEReserves 122,300 128,389 66.8%Ï 55.6%
Loss& LAEReserves/Surplus 139.3% 121.7% 118.0% AMB/ S&PRatings A- / NR A/ NR| A/ NR
GPWtoPHS(lRIS#1) 114.6% 102.0% 99.5%
NPWto PHS(IRIS#2) 82.1% 74.6% 77.6%
income/Loss Trends ($000) Combined Ratio (%) Trends
10,000 ~ mNetUnderwriting
Results mLossRatio EExpense
Ratio Combined
Ratio
DNetInvestment
Result
8,000 sNetIncome 120.0 3 y y 120.0
6,000 toStockholders
sDividends 100.0 7 100.0
0 00 0.o
2015 2016 2017 2015 2016 2017
Premium Trends ($000) nv& 2017 Investment Portfolio
csr
120,000 5%
100,0J uGrossPremWritten
CommonStock
80,0 12%
60,0 GNetPremWritten
40,0
20,0 aNetPremEarned Bonds
~'
81%
2015 2016 2017
(DPW - $000)
2017 Top 5 Geographies 2017 Top 5 Lines of Business (DPW/Total DPW)
-
aOthUab(Occurrence)
ONY- $16,579 .
60.0%
aComm1MultiPrl- 19.6%
NC- $16,522 .
aTX- $15,024 DComm1AutoLiab-15.9%
OFL- $5,633 0AutoPhys- 2.0%
OMA- $5,176 OFire- 1.0%
aAftOther- $49,347 mAllOther- 1.5%
TotalNYStateDPW $16,579 TotalAllLines $108.280
TotalUSexTerrDPW $108,280
Casualty Insurance
Atlantic Company was incorporated
in the State
ofNorth Carolina
in October1983. was
Financial control
transferred from the Strickland Insurance Insurance Company as of January 1, 2016.
Group, Inc. to Auto-Owners The company has
been eligible to write surplus lines business As of December 31, 2017, Atlantic Casualty was
in New York since October 24, 2002.
licensedon an admitted
basisin NorthCarolinaand operatedon a non-admitted
basis in forty-nine of
states and the District
Columbia
FILED: KINGS COUNTY CLERK 11/29/2018 04:29 PM INDEX NO. 510798/2018
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 11/29/2018
ULTIMATE PARENT - Auto-Owners Insurance Co...gany
Corporate Profile Highlights($000) 2016
Address: Auto-OwnersInsuranceCompany TotalAssets 14,313,471 15,39 36
6101AnacapriBoulevard TotalLiabilities 4,323,394 4,756 695
Shareholders'
Lansing,MI48917 Equity 9,690,076 10,633,741
NetIncome 454,883 444,996
Website: www.auto:ownerssom
Debt 0 0
TickerSymbol: N/A Debt/ Equity 0.0% 0.0%
2017Form10-K: DividendsPaid 1,126 1,401
N/A Dividends/ NetIncome 0.2% 0.3%
Top 5 UnaffiliatedReinsurers forAtlanticCasualty Insurance Co by Gross Recoverables
. -
Dollarsin 000
I Assumed
emiums Ceded
.. Premiurn (As-
Rank Reinsurer Gross Recoverables (As-Reported By
Re d
.. Reinsurer) Gedant)
NorthCarolinaReinsuranceFacility 29,881 NA 13,039
2 MunichReinsuranceAmerica,Inc. 6,577 -185 365
3 PartnerReinsuranceCompanyof theU.S. 3,576 260 270
4 JRGReinsuranceCompany,Ltd. 3,131 NA 248
5 WestportInsuranceCorporation 1,751 0 0
Auto-Owners Insurance Company is a mutual property and casualty insurance company established in 1976 and based in Lansing,
Michigan.
ImportantInformationRegardingFinancialSummaries
Thisfinancial summary contains helpful to New York excess lines brokers
information use
in meeting their non-delegable duty to
"due care" in the selection of a financially
secure excess line insurer. Definitions of the financial terms used in the summaries appear
as pop-up boxes when hovering
your mouse over the corresponding text. For additional guidance on assessing insurance company
financial
statements,pleasereference "ELANY COMPLIANCE ADVISOR: FUNDAMENTALS OF INSURANCE COMPANY
FINANCIAL ANALYSIS".
The Excess Line Association
of New York has compiled the insurance company
financial
infe-t!cn from the Annual Statutory
Financial Statements. All ratios, charte,
and graphe are bacod on the compiled infüaiiatiüñ. a
We have made every effort to ensure
information transcribed for these
pages is correct.
However, the Excess Line Association
of New York cannot attest to the accuracy
of data provided
by itssources, nor do we make any expressed
either
warranties, or implied, the
regarding accuracyof
completenessof information
presented of
in this document. We assume no responsibility for loss or damage resulting from the use
this information.
FILED: KINGS COUNTY CLERK 11/29/2018 04:29 PM INDEX NO. 510798/2018
NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 11/29/2018
EXCESS LIN ASSOCIAT1ON OF NEW ORK - COREIGN INSlJRERS
201-
Company insurer
Na me Ser MP . .2/31217 15317017
Code ParentName Date Listed Rat no Ratira (000's) (000 si (300 s) Fœn um Predum
20010 ACCEPTANCEINDEMNITYINSURANCECOMPANY 0 //08/Z010 A- NR 161,6311 330,538 7,270 33,700,351 29,B25,416
JAT REINSURANCECOMPANY,LTD.
24856 ADMIRAL INSURANCECOMPANY 05/05/1989 A+ A+ 666,036 749,377 10 391 63,016,599 49,528,641
W.R. BERKLEYCORPORATION
39381 ADRIATICINSURANCECOMPANY 05/05/1989 A+ NR 75,221 95,358 5,731 16,313,821 10,751,241
ANGLESEYCORPORATION
26883 AlG SPECIALTYINSURANCECOMPANY 05/17/1990 A A+ 83,011 115,597 -2316 71,109,287 60,237,091
AMERICAN INTERNATIONALGROUP, INC.
12833 AIX SPECIALTYINSlJRANCECOMPANY 09/02/2009 A NR 46,Ú70 56,856 1,158 12,982,923 8,805,480
THE HANOVERINSURANCEGROUP
10690 ALLIED WORLD NATIONALASSURANCECOMPANY 06/10/1997 A A- 153,733 320,917 -3,167 22,006,204 19,910,122
.. FAIRFAXFINANCIALHOLDINGSLIMITED
24319 ALLIEDWORLD SURPLUS LINES INSURANCECOMPANY 02/08/2008 A NR 96,484 263,309 -2,352 15,027,230 16,832,594
FAIRFAXFINANCIALHOLDINGSLIMITED
35351 AMERICAN EMPIRESURPLUSLINES INSURANCECOMPANY 05/05/1989 A+ A+ 153,651 467,908 9,645 75,329,800 52,085,032
AMERICAN FINANCIALGROUP,INC.
10043 AMERICAN NATIONALLLOYDS INSURANCECOMPANY 05/17/2017 A NR 66,625 86,739 -1,349 0 0
AMERICANNATIONALINSURANCECOMPANY
35912 AMERICANWESTERNHOME INSURANCECOMPANY 06/20/2002 A+ NR 71,147 162,736 -989 3,600 0
MUENCHENERRUECKVERSICHERUNGS-GESELLSCHAFT AG
10316 APPALACHIANINSURANCECOMPANY 05/05/1989 A+ NR 204,434 325,972 -13,138 0 O
FACTORYMUTUALINSURANCECOMPANY
10946 ARCH EXCESS& SURPLUS INSURANCECOMPANY 04/28/2003 A+ A+ 69,240 69,443 341 -61,956 82,225
ARCH CAPITALGROUP LTD.
21199 ARCH SPECIALTYINSURANCECOMPANY 07/09/1993 A+ A+ 300,746 483,406 5,718 79,184,915 57,531,201
ARCH CAPlTALGROUP LTD.
10717 ASPEN SPECIALTYINSURANCECOMPANY 04/13/2004 AU NR 143,788 401,667 -9,517 31,238,533 24,501,300
ASPEN INSURANCEHOLDINGSLIMITED
23140 ASSOCIATEDINDUSTRIESINSURANCECOMPANY,INC. 06/12/2012 A- NR 48,36B 244,953 24,659 11,799,949 11,107,696
AMTRUSTFINANCIALSERVICES, INC.
29033 ATAININSURANCECOMPANY 12/08/2015 A NR 52,159 88,196 1,499 142,869 97,965
AJK HOLDINGS,LLC
42846 ATLANTICCASUALTYINSURANCECOMPANY 10/24/2002 A NR 108,824 286,443 5,384 16,473,727 13,619,229
AUTO-OWNERSINSURANCECOMPANY
26620 AXIS SURPLUS INSURANCECOMPANY 10/31/2003 A+ A+ 173,449 459,213 -2,908 87,025,761 77,746587
AXIS CAPITALHOLDINGSLIMITED
39462 BERKLEYASSURANCE COMPANY 09/19/2011 A+ NR 54,775 72,463 961 16,106,177 8,192,514
W.R. BERKLEYCORPORATION
31295 BERKLEYSPECIALTYINSURANCECOMPANY 01/20/2010 A+ A+ 57,252 63,135 1,414
. 119,020 858,365
W.R. BERKLEYCORPORATION
13551 BLACKBOARDSPECIALTYINSURANCECOMPANY 03/27/2015 A NR 91,067 149,093 -16,186 7,088,082 1,184,845
AMERICAN INTERNATIONALGROUP, INC.
23620 BURLINGTONINSURANCECOMPANY 06/28/1999 A NR 178,656 345,009 2,149 7,942,443 5,889,992
INTERNATIONALFINANCIALGROUP INC.
12961 CANOPlUS US INSURANCE,INC. 03/12/2008 A- NR 122,160 211,423 8,275 124,060 743,956/
SOMPO HOLDINGS,INC
10328 CAPITOLSPECIALTYINSURANCECORPORATION 10/03/2003 A NR 58,915 150,180 1,836 11,371,466 10,975,6031
ALLEGHANYCORPORATION
15989 CATLINSPECIALTYINSURANCECOMPANY 10/15/2008 AU A 243,986 588,238 -7,754
XL GROUP LTD 7,576,113 4,734,788
---- ....
Preview
FILED: KINGS COUNTY CLERK 11/29/2018 04:29 PM INDEX NO. 510798/2018 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 11/29/2018 EXHIBIT A FILED: KINGS COUNTY CLERK 11/29/2018 04:29 PM INDEX NO. 510798/2018 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 11/29/2018 ATLANTIC CASUALTY INSURANCE COMPANY in000̄ -^ Doitam 2015 20 20 0ï5) 20 2017 TotalAssets 249,675 263,649 286,443 RBCRatio(%) 474.0 546.6 TotalLiabilities 161,888 164,167 177,619 2yrResDevelopment 8,035 11863 13,562 Surplus _Policyholder 87,788 99,482 108,824 2yrDev/ Surplus(IRIS#12) 9.7% -13.8% 15.4% Cash& InvestedAssets 232,392 246,145 268,029 AffiliatedCommonStck 0 0 --0 Cash& InvestedAssets/TotalAssei 93.1% 93.4% 93.6% AffiliatedCS/ Surplus 0.0% 0.0%| 0.0% NetCashfromOperations 14,232 16,301 19,165 NetReinsRecoverable 75,055 66,434! 60,466 121,031' NetReinsRec/ Surplus 85.5% Loss& LAEReserves 122,300 128,389 66.8%Ï 55.6% Loss& LAEReserves/Surplus 139.3% 121.7% 118.0% AMB/ S&PRatings A- / NR A/ NR| A/ NR GPWtoPHS(lRIS#1) 114.6% 102.0% 99.5% NPWto PHS(IRIS#2) 82.1% 74.6% 77.6% income/Loss Trends ($000) Combined Ratio (%) Trends 10,000 ~ mNetUnderwriting Results mLossRatio EExpense Ratio Combined Ratio DNetInvestment Result 8,000 sNetIncome 120.0 3 y y 120.0 6,000 toStockholders sDividends 100.0 7 100.0 0 00 0.o 2015 2016 2017 2015 2016 2017 Premium Trends ($000) nv& 2017 Investment Portfolio csr 120,000 5% 100,0J uGrossPremWritten CommonStock 80,0 12% 60,0 GNetPremWritten 40,0 20,0 aNetPremEarned Bonds ~' 81% 2015 2016 2017 (DPW - $000) 2017 Top 5 Geographies 2017 Top 5 Lines of Business (DPW/Total DPW) - aOthUab(Occurrence) ONY- $16,579 . 60.0% aComm1MultiPrl- 19.6% NC- $16,522 . aTX- $15,024 DComm1AutoLiab-15.9% OFL- $5,633 0AutoPhys- 2.0% OMA- $5,176 OFire- 1.0% aAftOther- $49,347 mAllOther- 1.5% TotalNYStateDPW $16,579 TotalAllLines $108.280 TotalUSexTerrDPW $108,280 Casualty Insurance Atlantic Company was incorporated in the State ofNorth Carolina in October1983. was Financial control transferred from the Strickland Insurance Insurance Company as of January 1, 2016. Group, Inc. to Auto-Owners The company has been eligible to write surplus lines business As of December 31, 2017, Atlantic Casualty was in New York since October 24, 2002. licensedon an admitted basisin NorthCarolinaand operatedon a non-admitted basis in forty-nine of states and the District Columbia FILED: KINGS COUNTY CLERK 11/29/2018 04:29 PM INDEX NO. 510798/2018 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 11/29/2018 ULTIMATE PARENT - Auto-Owners Insurance Co...gany Corporate Profile Highlights($000) 2016 Address: Auto-OwnersInsuranceCompany TotalAssets 14,313,471 15,39 36 6101AnacapriBoulevard TotalLiabilities 4,323,394 4,756 695 Shareholders' Lansing,MI48917 Equity 9,690,076 10,633,741 NetIncome 454,883 444,996 Website: www.auto:ownerssom Debt 0 0 TickerSymbol: N/A Debt/ Equity 0.0% 0.0% 2017Form10-K: DividendsPaid 1,126 1,401 N/A Dividends/ NetIncome 0.2% 0.3% Top 5 UnaffiliatedReinsurers forAtlanticCasualty Insurance Co by Gross Recoverables . - Dollarsin 000 I Assumed emiums Ceded .. Premiurn (As- Rank Reinsurer Gross Recoverables (As-Reported By Re d .. Reinsurer) Gedant) NorthCarolinaReinsuranceFacility 29,881 NA 13,039 2 MunichReinsuranceAmerica,Inc. 6,577 -185 365 3 PartnerReinsuranceCompanyof theU.S. 3,576 260 270 4 JRGReinsuranceCompany,Ltd. 3,131 NA 248 5 WestportInsuranceCorporation 1,751 0 0 Auto-Owners Insurance Company is a mutual property and casualty insurance company established in 1976 and based in Lansing, Michigan. ImportantInformationRegardingFinancialSummaries Thisfinancial summary contains helpful to New York excess lines brokers information use in meeting their non-delegable duty to "due care" in the selection of a financially secure excess line insurer. Definitions of the financial terms used in the summaries appear as pop-up boxes when hovering your mouse over the corresponding text. For additional guidance on assessing insurance company financial statements,pleasereference "ELANY COMPLIANCE ADVISOR: FUNDAMENTALS OF INSURANCE COMPANY FINANCIAL ANALYSIS". The Excess Line Association of New York has compiled the insurance company financial infe-t!cn from the Annual Statutory Financial Statements. All ratios, charte, and graphe are bacod on the compiled infüaiiatiüñ. a We have made every effort to ensure information transcribed for these pages is correct. However, the Excess Line Association of New York cannot attest to the accuracy of data provided by itssources, nor do we make any expressed either warranties, or implied, the regarding accuracyof completenessof information presented of in this document. We assume no responsibility for loss or damage resulting from the use this information. FILED: KINGS COUNTY CLERK 11/29/2018 04:29 PM INDEX NO. 510798/2018 NYSCEF DOC. NO. 30 RECEIVED NYSCEF: 11/29/2018 EXCESS LIN ASSOCIAT1ON OF NEW ORK - COREIGN INSlJRERS 201- Company insurer Na me Ser MP . .2/31217 15317017 Code ParentName Date Listed Rat no Ratira (000's) (000 si (300 s) Fœn um Predum 20010 ACCEPTANCEINDEMNITYINSURANCECOMPANY 0 //08/Z010 A- NR 161,6311 330,538 7,270 33,700,351 29,B25,416 JAT REINSURANCECOMPANY,LTD. 24856 ADMIRAL INSURANCECOMPANY 05/05/1989 A+ A+ 666,036 749,377 10 391 63,016,599 49,528,641 W.R. BERKLEYCORPORATION 39381 ADRIATICINSURANCECOMPANY 05/05/1989 A+ NR 75,221 95,358 5,731 16,313,821 10,751,241 ANGLESEYCORPORATION 26883 AlG SPECIALTYINSURANCECOMPANY 05/17/1990 A A+ 83,011 115,597 -2316 71,109,287 60,237,091 AMERICAN INTERNATIONALGROUP, INC. 12833 AIX SPECIALTYINSlJRANCECOMPANY 09/02/2009 A NR 46,Ú70 56,856 1,158 12,982,923 8,805,480 THE HANOVERINSURANCEGROUP 10690 ALLIED WORLD NATIONALASSURANCECOMPANY 06/10/1997 A A- 153,733 320,917 -3,167 22,006,204 19,910,122 .. FAIRFAXFINANCIALHOLDINGSLIMITED 24319 ALLIEDWORLD SURPLUS LINES INSURANCECOMPANY 02/08/2008 A NR 96,484 263,309 -2,352 15,027,230 16,832,594 FAIRFAXFINANCIALHOLDINGSLIMITED 35351 AMERICAN EMPIRESURPLUSLINES INSURANCECOMPANY 05/05/1989 A+ A+ 153,651 467,908 9,645 75,329,800 52,085,032 AMERICAN FINANCIALGROUP,INC. 10043 AMERICAN NATIONALLLOYDS INSURANCECOMPANY 05/17/2017 A NR 66,625 86,739 -1,349 0 0 AMERICANNATIONALINSURANCECOMPANY 35912 AMERICANWESTERNHOME INSURANCECOMPANY 06/20/2002 A+ NR 71,147 162,736 -989 3,600 0 MUENCHENERRUECKVERSICHERUNGS-GESELLSCHAFT AG 10316 APPALACHIANINSURANCECOMPANY 05/05/1989 A+ NR 204,434 325,972 -13,138 0 O FACTORYMUTUALINSURANCECOMPANY 10946 ARCH EXCESS& SURPLUS INSURANCECOMPANY 04/28/2003 A+ A+ 69,240 69,443 341 -61,956 82,225 ARCH CAPITALGROUP LTD. 21199 ARCH SPECIALTYINSURANCECOMPANY 07/09/1993 A+ A+ 300,746 483,406 5,718 79,184,915 57,531,201 ARCH CAPlTALGROUP LTD. 10717 ASPEN SPECIALTYINSURANCECOMPANY 04/13/2004 AU NR 143,788 401,667 -9,517 31,238,533 24,501,300 ASPEN INSURANCEHOLDINGSLIMITED 23140 ASSOCIATEDINDUSTRIESINSURANCECOMPANY,INC. 06/12/2012 A- NR 48,36B 244,953 24,659 11,799,949 11,107,696 AMTRUSTFINANCIALSERVICES, INC. 29033 ATAININSURANCECOMPANY 12/08/2015 A NR 52,159 88,196 1,499 142,869 97,965 AJK HOLDINGS,LLC 42846 ATLANTICCASUALTYINSURANCECOMPANY 10/24/2002 A NR 108,824 286,443 5,384 16,473,727 13,619,229 AUTO-OWNERSINSURANCECOMPANY 26620 AXIS SURPLUS INSURANCECOMPANY 10/31/2003 A+ A+ 173,449 459,213 -2,908 87,025,761 77,746587 AXIS CAPITALHOLDINGSLIMITED 39462 BERKLEYASSURANCE COMPANY 09/19/2011 A+ NR 54,775 72,463 961 16,106,177 8,192,514 W.R. BERKLEYCORPORATION 31295 BERKLEYSPECIALTYINSURANCECOMPANY 01/20/2010 A+ A+ 57,252 63,135 1,414 . 119,020 858,365 W.R. BERKLEYCORPORATION 13551 BLACKBOARDSPECIALTYINSURANCECOMPANY 03/27/2015 A NR 91,067 149,093 -16,186 7,088,082 1,184,845 AMERICAN INTERNATIONALGROUP, INC. 23620 BURLINGTONINSURANCECOMPANY 06/28/1999 A NR 178,656 345,009 2,149 7,942,443 5,889,992 INTERNATIONALFINANCIALGROUP INC. 12961 CANOPlUS US INSURANCE,INC. 03/12/2008 A- NR 122,160 211,423 8,275 124,060 743,956/ SOMPO HOLDINGS,INC 10328 CAPITOLSPECIALTYINSURANCECORPORATION 10/03/2003 A NR 58,915 150,180 1,836 11,371,466 10,975,6031 ALLEGHANYCORPORATION 15989 CATLINSPECIALTYINSURANCECOMPANY 10/15/2008 AU A 243,986 588,238 -7,754 XL GROUP LTD 7,576,113 4,734,788 ---- ....