stakes, and "an unencumbered balance
sheet, which should enable the company to re-finance near-term debt".
The newer entrants also came in with unencumbered balance
sheets at a time of higher prices.
By being able to offer customers Aspen's unencumbered balance
sheet and strong underwriting record, Aspen Re America is in a strong position to pursue the opportunities the U.
Only 75% of the unencumbered balance
in the discretionary account is available for incentive payments; the remaining 25% must stay in the discretionary account to cover any encumbered or unanticipated program/division needs.
Sustained generation of operating margins at or above a break-even level, coupled with gradual growth in unencumbered balance
Delaware's premier credit standing centers on its considerable economic and financial resources, as well as institutionalized protections designed to ensure surplus operations, including the limit on appropriations to 98% of estimated revenue and unencumbered balance
With acceptable refinancing, profitability is expected to be $5,900,000 and unencumbered balance
sheet assets are today estimated to be in excess of $10,000,000.
The company's continued excellent performance is attributable to well-established underwriting and risk management controls, an unencumbered balance
sheet, recruitment of select underwriting teams and selective acquisitions of admitted and non-admitted reinsurance companies in the United States.
AWAC continues to exhibit the benefits of an unencumbered balance
sheet while also benefiting from associations with its sponsors.
These concerns are mitigated by IPCRe's unencumbered balance
sheet supported by an investment portfolio with over $1.
Through the first three months of 2004, Endurance produced a combined ratio of 82%, while benefiting from higher market rates, light catastrophes and an unencumbered balance
E[acute accent]Through the first three months of 2004, Endurance produced a combined ratio of 82%, while benefiting from higher market rates, light catastrophes and an unencumbered balance