- Financial Stability Rating® Notifications
- Demotech Affirms the Financial Stability Rating® Assigned to Olympus Insurance Company
Demotech Affirms the Financial Stability Rating® Assigned to Olympus Insurance Company
Columbus, Ohio, June 11, 2020: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Olympus Insurance Company has been affirmed by 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 Olympus Insurance Company
Headquartered in Palm Beach Gardens, FL and founded in 2007, Olympus Insurance Company specializes in Florida property insurance. Olympus celebrates its ten-year anniversary of organic growth through conservative underwriting and pricing. For risks meeting their standards, Olympus offers quality products at competitive rates. Through its independent agency force, Olympus insures $40 billion worth of residential and investment property including homes, condos, rental property, valuable personal property, and flood on dwellings up to $5 million in total insured value, all provided on one of the most comprehensive coverage forms in the industry. For details on products, financials, resources and value-added services, visit olympusinsurance.com.
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.
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