Demotech, Inc. Presents at Bermuda in Boston
Columbus, Ohio, October 7, 2015: On September 21, 2015, Demotech’s President and co-founder, Joseph L. Petrelli, presented at Macquarie Capital’s Bermuda in Boston. Participating in the “To Florida and Beyond – An Update” panel, Petrelli noted that Florida’s domestic property insurance marketplace has never been stronger.
“The carriers reviewed and rated by Demotech purchase reinsurance to cover severe events as well as multiple event scenarios. Even in a soft reinsurance market, they spend more than 50% of their direct written premium on reinsurance protection that inures to the benefit of their policyholders.”
Also participating on the panel were Jennifer Montero, CFO, Citizen’s Property Insurance Corporation, and Phillip Klotzbach, Research Scientist, Colorado State University.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm located in Columbus, Ohio. Since 1985, Demotech, Inc. has been serving the insurance industry by providing actuarial consulting as well as accurate and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurance companies and Title underwriters. FSRs are a leading indicator of the financial stability of an insurer. The rating process provides an objective baseline as well as insight as to the financial stability of an insurer. Demotech levels the playing field by offering FSRs to insurers of all sizes. Visit www.demotech.com for more information.
About Macquarie Capital
Macquarie Group is a global financial services provider with offices in 28 countries.
Their breadth of expertise covers advisory and capital markets, trading and hedging, funds management, asset finance, financing, research and retail financial services. The diversity of their operations, combined with a strong capital position and robust risk management framework, has contributed to a nearly fifty year string of profitability.