Reinsurance News
Monarch National Insurance Company
Demotech affirms FSR of FedNat Holding Company carriers
11th October 2021
Demotech has affirmed the Financial Stability Ratings (FSR) of A (Exceptional) for FedNat Insurance Company, Maison Insurance Company, and Monarch National Insurance Company. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, sufficient liquidity of invested assets, an acceptable ... Read the full article
Brevard County hailstorm main driver of FedNat’s Q1 weather losses
24th April 2019
The March 27th, 2019 hailstorm that hit the Brevard County, Florida, has resulted in $11 million of weather-related losses, net of quota share reinsurance, for FedNat Holding Company. Both FedNat Insurance Company and Monarch National Insurance Company have residential property market share above their state-wide averages. Combined with $0.9 million of adverse ... Read the full article
FedNat signs FHCF reinsurance deal
4th March 2019
FedNat Holding subsidiaries FedNat Insurance and Monarch Insurance have entered into contracts with Florida’s State Board of Administration (SBA) that will reimburse both firms for covered property losses under their respective homeowners’ insurance policies resulting from hurricanes in the State between 1 June 2019 and 31 May 2020. The SBA is ... Read the full article
Crosswinds’ Monarch joint venture reveals expected Irma impact
13th September 2017
Crosswinds Holdings Inc. has revealed that its joint venture investment in Monarch National Insurance Company (Monarch) expects the impact of hurricane Irma to not exceed its first-event pre-tax retention of $3.4 million, net of reinsurance. Crosswinds is the latest firm to announce the expected impact from hurricane Irma, which tore through ... Read the full article
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