Abstract: GNY Custom Insurance Company had been rated as A+ in the financial strength rating and “aa-” in the issuer credit rating.
These ratings were done by A.M Best Co., a credit rating agency. GNY custom is a part of the Greater New York (GNY) Group.
The other members of the GNY Group also got the same rating for 2007. These rating showed that GNY Custom had been maintaining a good growth rate successfully over the years.
GNY Custom Insurance Company had been awarded an issuer credit rating of "aa-" and financial strength rating of A+ by A.M. Best Co. for the financial year 2007.
The GNY group and its other members also got the financial strength rating of A+ and issuer credit rating of “aa-”.
The outlook of all those ratings was in a steady state.
GNY Custom is a premier underwriter in the US financial and mortgage market.
Its business targets comprise restaurant with entertainment, artisan contractor exposures, student housing and seasonal hotels.
However, the Greater New York Group includes Greater New York Mutual Insurance Company and its three fully owned subsidiaries namely, Strathmore Insurance Company, Insurance Company of Greater New York and Strathmore Insurance Custom.
These ratings reflected GNY Custom Insurance's strong market value. The company's risk management framework was also very efficient. Moreover, these ratings showed that GNY Custom was able to combat the losses due to several terrorist attacks and paved the way for growth.