Tampa, FL (May 2, 2017) – Safepoint Insurance (Safepoint) today announced the Company has been authorized by the New Jersey Department of Insurance to write Property business in the state of New Jersey. Safepoint was launched in November of 2013 to initially write Florida homeowners business and expanded into Louisiana in 2015. Safepoint was also authorized to write in Texas in December of 2016. The Company has been assigned an AM Best Rating of B and a Financial Stability Rating® of A, Exceptional, from Demotech, Inc., leading providers of financial ratings for insurance companies.
Based in Tampa, FL, Safepoint is led by David Flitman, Chief Executive Officer, who has extensive insurance and reinsurance experience in the coastal markets and beyond. Prior to launching Safepoint, David was based in Bermuda as the Executive Director of Global Property Underwriting and Chief Actuary for Flagstone Reassurance Suisse SA. In this role, David participated on a number of Florida, Louisiana, New Jersey and Texas reinsurance programs.
Safepoint is currently evaluating all the opportunities to write coastal business in New Jersey and provide agents and customers another choice.
Mr. Flitman commented “We are very pleased to add to our Florida, Louisiana and Texas businesses and enter the New Jersey property insurance market. Safepoint is committed to being a long-term partner of the independent insurance agents in New Jersey by providing more capacity along the coast”.