COLUMBUS, Ohio, June 17, 2016 /PRNewswire/ -- Excalibur National Insurance Company has earned a Financial Stability Rating® (FSR) of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
FSRs summarize Demotech's opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.
About Excalibur National Insurance Company
Excalibur National Insurance Company (Excalibur) was created in 2016 to initially write personal lines property insurance in the State of Louisiana as part of an overall plan to be a long-term insurance provider focusing on Homeowners (HO-3) policies. Excalibur is led by an experienced management team with decades of experience. According to Jeffrey Pollick, Chief Executive Officer and Chairman of the Board: "Our goal is to be the homeowner's insurance provider of choice for Louisianans and the independent producers who address their needs."
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating 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® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech's philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Visit www.demotech.com for more information.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/demotech-assigns-financial-stability-rating-to-excalibur-national-insurance-company-300286523.html
SOURCE Demotech, Inc.