SUNRISE, Fla., June 8, 2017 /PRNewswire/ -- Capacity Insurance Company has had its A.M. Best Financial Strength Rating of B+ (Very Good) reaffirmed by A.M. Best Company, who also revised the company's outlook to "Positive" from "Stable." A.M. Best has published on their website that "The revised outlooks to positive reflect Capacity's improved risk-adjusted capitalization and operating performance in recent years, as Capacity ramped up its business writings, and its thus far successful execution of the operational and financial plans by the management team, with focus on writing commercial property business in Florida." They also add that "Capacity's pure loss ratios compare favorably with its peers."
"We are very proud of the performance of Capacity Insurance Company. In the eight years since acquiring the company, we have orchestrated a complete and successful transformation. Capacity is now known as an insurer of Florida's small businesses and a company that business owners can place their trust in, with comprehensive specialty products, fast and fair claims service, and financial stability," said Kevin Tromer, President and CEO of Capacity. "We are pleased with A.M. Best's recognition of our performance with revised positive outlooks."
Capacity, having recently been approved by the Texas Department of Insurance, looks forward to bringing its suite of admitted product offerings to small business owners throughout Texas later this year.
Capacity is a subsidiary of Team Focus Insurance Group, and its offerings are written exclusively through MacNeill Group, Inc. MacNeill Group is a specialty MGA who traces its roots back to 1946 and has a 70-year reputation for playing an important role in ensuring the success of its independent agent partners by providing a wide array of products backed with service that is beyond compare.
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About Team Focus Insurance Group
Team Focus Insurance Group is an innovative and diversified group of companies serving the property and casualty industry. Through its many operating affiliates and subsidiaries, the most widely recognized being MacNeill Group and Capacity Insurance Company, operations include MGA, Program Management, Strategic Solutions, Technology Solutions, and Risk. For seven decades, Team Focus' value-oriented approach and commitment to execution has ensured the collaborative success of our clients, our partners, and our people. Visit the Team Focus website for more information.
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SOURCE Team Focus Insurance Group