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Demotech Confirms Financial Stability® Ratings of Lighthouse Property Insurance Corporation and Lighthouse Excalibur Insurance Company

By on September 14, 2021 0

Columbus, Ohio, September 14, 2021 / PRNewswire / – Financial Stability Ratings® (FSR) of A, Exceptional, assigned to Lighthouse Property Insurance Corporation and Lighthouse Excalibur Insurance Company have been confirmed by Demotech, Inc. This level of FSR is awarded to insurers who possess exceptional financial stability related to maintaining a positive surplus for policyholders, a sufficient liquidity of invested assets, a level of financial leverage, reasonable losses and reserves for loss settlement expenses (L & LAE) and realistic pricing, to name a few critical parameters.

Demotech, Inc. (PRNewsFoto / Demotech, Inc.) (PRNewsfoto / Demotech, Inc.)

Founder and President of Demotech, Joe petrelli, noted that “additional disclosures were considered to supplement the financial statements and operating results for the second quarter of 2021. We obtained information, through conversations and meetings with senior management, which were not not available at the time of the most recent statutory financial statements. Given our current understanding of the revisions to the company’s business model, in anticipation of the favorable impact of the efforts on the Company’s operating plan and future operating results, in conjunction with access of the Company to sufficient capital to honor or defend meritorious claims as they fall due, including recent disaster losses and claims settlement costs, we issue this financial stability rating affirmation® based on all of our review of the June 30, 2021 operating results and management actions. Any future assertions will require demonstrable evidence of the impact of the revisions on the financial stability of the company. “

Sharon romano petrelli, CPCU, AIAF, CCP, ARC, co-founder of Demotech, noted that “Insurers rated Demotech have met the needs of claimants despite the frequency of natural disasters. events during a single storm season.

Patrick Blanc, Representative Lighthouse, added, “The past two years have broken many industry records for severe weather and hurricane season activity in our five states. methodology, Lighthouse has been able to respond to all of our policyholders after these major events and will continue to do so after Uri, Ida and Nicholas until 2021. “

Petrelli added, “Established in 2002, our stringent horizontal catastrophe reinsurance requirements have protected millions of property owners, insurers and insurer stakeholders across the country. While this type of catastrophe reinsurance protection is expensive, aggressive horizontal programs are needed. Capital injections can be used to compensate for losses associated with the retention of multiple carriers in a single season. “


Demotech, Inc. is a financial analysis firm specializing in assessing the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven financial stability ratings.® (FSR) for property and casualty insurers and underwriters. FSRs are a leading indicator of financial stability, providing an objective basis for the future solvency of an insurer. Demotech’s philosophy is to review and assess insurers based on their area of ​​interest and the execution of their business model rather than solely on their financial size. Demotech was the first to review and assess independent regional and specialty insurers. Demotech’s ever-growing list of accreditations and acceptances has evaluated and rated more than 400 insurers operating in the United States. Visit for more information.


Established in 2008, Lighthouse Property Insurance Corporation (Lighthouse) is a licensed property and casualty insurance company authorized to write in Florida, Louisiana, North Carolina, Caroline from the south, and Texas. In 2019, Lighthouse acquired Excalibur National Insurance Company and relaunched it as Lighthouse Excalibur Insurance Company, a wholly owned subsidiary of Lighthouse. From june 2020, Lighthouse acquired Prepared Insurance Company, allowing the company to enter the state of Florida and further expand its geographic footprint. Lighthouse sells and distributes its policies through an exclusive network of licensed independent professional agencies. They received an Outstanding A Financial Stability Rating from Demotech, Inc.



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SOURCE Demotech, Inc.