Demotech Affirms the Financial Stability Rating® Assigned to Vyrd Insurance Company

Columbus, Ohio, February 8, 2022: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Vyrd 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 Vyrd Insurance Company

VYRD Insurance Company (VIC) was formed in late 2021 as a result of two capital providers (SiriusPoint, a reinsurance group and Kole, Inc., an Insurtech owner and investor) coming together to establish an insurance holding company and MGA to support VIC.  VIC is the first Florida domestic insurance carrier established in the last three years and received FLOIR approval to execute a takeout of Citizens Property Insurance Corporation policies in early 2022.  VIC’s goals are to conservatively underwrite homeowners insurance through the independent agency network in Florida infused with state of the art technology for underwriting and utilizing IoT devices for prevention and home maintenance.  Visit for more information.

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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