Demotech Inc. said the Financial Stability Rating (FSR) of A, Exceptional, assigned to Louisiana’s Centauri National Insurance Co. is being sustained based upon its pending acquisition by Avatar Partners LP, parent of Avatar Property & Casualty Insurance Co.
Centauri National Insurance Co. is a Louisiana domiciled subsidiary of Centauri Specialty Insurance Co. and part of Centauri Specialty Insurance Holdings Inc. a Delaware holding company. The company was formed in 2017 and offers a variety of residential products in Louisiana including homeowners, dwelling and fire, in addition to specialty lines such as flood, hurricane and wind.
Avatar has been providing insurance for Florida homeowners since April 2008.
Joseph L. Petrelli, president and co-founder of Demotech, said in a media release that Centauri National’s “consumer, claimant, agency, and reinsurer relationships should be enhanced by the introduction of Avatar’s ownership, management, expertise, philosophy, and financial resources.”
Incorporated in 1985, Demotech Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers.
Source: Demotech Inc.
Topics Louisiana
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