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Reinsurance Program

  • Safepoint entered the catastrophe bond market for the first time in 2015 to sponsor Manatee Re Ltd. (Series 2015-1), a $100m Florida named storm cat bond. Manatee Re 2016 expanded to $95m Class A and Class B. These are multiyear bonds.
  • All of our Reinsurance carriers are approved by the FL and LA Departments of Insurance Regulation
  • All of our Reinsurance Companies are A.M. Best Rated A or Better
  • Safepoint retains no more than 12% of capital from a first event basis and 18% capital across two events;
  • Safepoint purchased additional protection beyond Florida Hurricane Catastrophe Fund to allow for significant second event losses

2017 Reinsurer Key Financials

“I just wanted to take moment to recognize one of your Associate Claims Examiners. I only know him by Tiago, but he provided exceptional customer service. I had never filed a claim before, the experience was very stressful for me. Tiago was always helpful, knowledgeable and patient when explaining the process.”

Irma K.
Insured

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