2016 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 2016expanded to $95m Class A and Class B.
  • 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 purchases Reinsurance in excess of a conservatively modeled 100 year return on a first event basis. In fact, Safepoint buys $250 million of limit above the 1 in 100 year of $300M
  • Safepoint retains no more than 10% of capital from a first event basis and 15% capital across two events;
  • Safepoint purchased additional protection beyond Florida Hurricane Catastrophe Fund to allow for significant second event losses

2016 Reinsurer Key Financials

Location Reinsurer Name AM Best Rating Surplus Surplus Date Domicile
Domestic American Standard Insurance Company of Wisconsin A $339,800,000 3/31/16 Wisconsin
  Berkley Insurance Company A+ $4,856,900,000 3/31/16 Delaware
  Everest Reinsurance Company A+ $3,308,000,000 3/31/16 Delaware
  Odyssey Reinsurance Company A $3,136,800,000 3/31/16 Connecticut
  Swiss Reinsurance America Corporation A+ $3,575,800,000 3/31/16 New York
Bermuda Aspen Bermuda Limited $2,270,466,000 12/31/15 Bermuda
  AXIS Specialty Limited A+  $4,164,300,000 12/31/15 Bermuda
  Chubb Tempest Reinsurance Ltd. A++  $6,299,463,000 12/31/15 Bermuda
  DaVinci Reinsurance Limited $1,412,255,000 12/31/15 Bermuda
  Endurance Specialty $5,261,998,000 12/31/15 Bermuda
  Hamilton Re, Ltd. A-  $1,481,744,000 12/31/15 Bermuda
  Markel Bermuda Limited $2,207,761,000 12/31/15 Bermuda
  MS Frontier Reinsurance Limited A $1,012,268,000 12/31/15 Bermuda
  Partner Reinsurance Company Ltd. $3,484,500,000 12/31/15 Bermuda
  Renaissance Reinsurance Ltd. A+  $1,800,000,000 12/31/15 Bermuda
  Validus Reinsurance, Ltd. $3,902,394,000 12/31/15 Bermuda
Continental Europe & Asia Peak Reinsurance Company Limited A- $716,900,000 12/31/15 Hong Kong
  Tokyo Milliennium Re AG A++ $1,205,984,000 12/31/15 Switzerland
Collateralized Markets Poseidon Re Ltd A     Bermuda
  Rubik Reinsurance, Ltd. A     Bermuda
United Kingdom Lloyd's Underwriter Syndicate No. 0382 HDU A ₤330,000,000 5/16/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 1084 CSL A ₤650,000,000 5/12/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 1458 RNR A ₤293,320,000 5/16/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 1729 DUW A ₤90,000,000 5/18/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 1955 BAR A ₤199,580,000 5/18/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 2001 AML A ₤1,400,000,000 5/13/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 2791 MAP A ₤400,000,000 5/13/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 5678 VSM A ₤32,462,000 6/1/16 United Kingdom

 

2016 Reinsurance Structure

Contact Information:

24 Hour Claims:
855-CLAIM15
Personal Lines:
877-858-7445
Commercial Lines:
844-722-9985
This company was issued a rating by the A.M. Best Company, click for additional details
FSR for SAFEPOINT INSURANCE COMPANY

Customer Service

Phone: 877-858-7445
Fax: 813-906-6474
underwriting@safepointins.com
billing@safepointins.com

Payments

Safepoint Insurance Company
P.O. BOX 292547
Tampa, FL 33687

Overnight Mail

Safepoint Insurance Company
8761 N 56th Street
Box 292547
Tampa, FL 33617