Demotech Affirms the Financial Stability Rating® Assigned to Puerto Rico Medical Defense Insurance Company, Inc.

Columbus, Ohio, December 9, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Puerto Rico Medical Defense Insurance Company, Inc. 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 Puerto Rico Medical Defense Insurance Company, Inc.

Puerto Rico Medical Defense Insurance Company (PRMD) is a casualty insurance company authorized by the Office of the Commissioner of Insurance of Puerto Rico (OCI) as a domestic insurer. The Company’s core business is to provide medical professional liability insurance via claims-made policies for both; individuals and legal entities. In 2016, PRMD started underwriting Cyber Liability Insurance for healthcare professionals in Puerto Rico.

The Company began writing business in September 2005 as Puerto Rico Medical Defense Mutual Insurance Company.   In 2009, the members of the mutual entity, with the approval of the OCI, converted the Company into a stock insurance company and renamed it Puerto Rico Medical Defense Insurance Company. PRMD has consistently increased market and expanded its business opportunities in the island through sound financial to overcome the challenges presented by Puerto Rico’s economy.

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.  Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 400 insurers operating in the US.  Visit for additional information.

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