Financial Stability Rating® of Manitowoc Mutual Insurance Company Withdrawn

Oct 12, 2011, 08:31 ET from Demotech, Inc.

COLUMBUS, Ohio, Oct. 12, 2011 /PRNewswire/ -- Demotech, Inc. has withdrawn the Financial Stability Rating® (FSR) of A, Exceptional, assigned to Manitowoc Mutual Insurance Company due to its recent merger.  The Company, based out of Reedsville, Wisconsin, merged with Mutual of Wausau, located in Wausau, Wisconsin, effective October 1, 2011.  Mutual of Wausau will serve the current policyholders and agency force going forward.  Questions regarding the merger can be directed to Kyle J. Klein, Vice President – Marketing, at or 920-754-4440.

FSRs present Demotech's opinion of the ability of the insurer to meet its insurance related obligations based upon our assessment of financial information.  FSRs are not an endorsement of any particular insurer or its products.  Insureds and agents need to independently evaluate their relationship with a particular insurer as well as the applicability of that insurer's products to the needs of the insured or agent.

About Demotech, Inc.

Demotech, Inc. is a financial analysis firm located in Columbus, Ohio.  Since 1985, Demotech has been serving the insurance industry by providing actuarial consulting and accurate and proven Financial Stability Ratings® (FSRs) for Title underwriters and Property & Casualty insurance companies.  Our rating process provides an objective baseline and insight into the future solvency of a company.  As an independent financial analysis firm, Demotech has a proven track record of predicting financial stability in the insurance industry.  As the first company to have its rating process formally reviewed and accepted by Fannie Mae, Freddie Mac and HUD, Demotech has been leveling the playing field by offering Financial Stability Ratings® (FSRs) to insurers of all sizes.

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SOURCE Demotech, Inc.