Demotech Celebrates its 30th Anniversary of Excelling at the Impossible
COLUMBUS, Ohio, May 15, 2019 /PRNewswire/ — Incorporated in 1985, Demotech became the first to review and rate independent regional and specialty insurers in 1989. The May 2019 issue of The Demotech Difference celebrates this landmark achievement as a thirty-year anniversary edition.
How did Demotech become the first to accomplish this? Anita L. Champ, retired, Fannie Mae, Freddie Mac and Ginnie Mae, who coordinated Fannie Mae’s due diligences on Demotech, recollects that despite being asked multiple times to develop a process for reviewing these carriers, A. M. Best declined to do so. In response to one of her requests, representatives of A. M. Best advised her that it was «impossible» to develop such a review and analysis process. Ms. Champ’s recollection is on page 22 of the May 2019 issue. The online version of TDD is here: http://www.demotech.com/pdfs/demotech_difference/flexpaper/2019_Spring/index.html#page=1
In addition to a celebration in print, Demotech appeared on Worldwide Business with kathy ireland®. The segment aired as sponsored content on Bloomberg and Fox Business Network. It is available at https://www.youtube.com/watch?v=DEGPbSnQDHw. Or, you can search YouTube using «Kathy Ireland Demotech.»
According to Joe Petrelli, President and co-founder, Demotech currently reviews and rates more than 400 insurance companies writing virtually every line of insurance in every state, as well as Puerto Rico and several U.S. possessions. Kathy Ireland summarized Demotech’s role accurately when she stated that Demotech «identifies hundreds of financially stable insurance company options that might have otherwise been overlooked.»
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. Visit www.demotech.com for more information or to attend ILEAD 2019, www.ileadinsurance.com.
About Demotech’s I LEAD Conference 2019: Facets of Leadership
Demotech presents I LEAD Conference on August 18 – 20, 2019 at the Hilton Columbus at Easton. I LEAD is the premier conference for C-Suite insurance leaders. Demotech’s program features exceptional speakers presenting facets of leadership of vital concern to carriers who will lead the industry. The conference, formerly known as the Super Regional P/C™ Insurer Conference, has sold out for the past two years.
Service providers: There is no vendor registration. To attend, you must be a sponsor.
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SOURCE Demotech, Inc.