Demotech Affirms the Financial Stability Rating® Assigned to Great Bay Insurance Company

Columbus, Ohio, October 14, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Great Bay 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 Great Bay Insurance Company                                    

Founded & started in 2019, Great Bay Insurance Company is the insurance company entity of The Great Bay Insurance Group, a high-quality, innovative New Jersey-headquartered coastal residential homeowners insurance group.  With the backing of excellent reinsurance partners, a strong capital base, solid technology, and experienced & innovative leadership, Great Bay is changing how coastal residential homeowners insurance is marketed, sold & serviced.  Great Bay Insurance Company is the first admitted property & casualty insurance company founded & domiciled in New Jersey in over 25 years, and the first ever founded & domiciled in Atlantic County, NJ.  And Great Bay’s executive leadership team thoroughly understands the coastal insurance business, having lived in & worked in the coastal areas of New Jersey & the East Coast for over four decades.  Our message to our insureds – “It’s a Great Day with Great Bay!”.

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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