Our 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

Location Reinsurer Name AM Best Rating Surplus Surplus Date Domicile
Domestic American Standard Insurance Company of Wisconsin A $343,136,000 12/31/16 Wisconsin
  Berkshire Hathaway Specialty Insurance Company A++ $3,337,139,000 12/31/16 Nebraska
  Everest Reinsurance Company A+ $3,635,121,000 12/31/16 Delaware
  Odyssey Reinsurance Company A $3,193,933,000 12/31/16 Connecticut
  Swiss Reinsurance America Corporation A+ $3,352,300,000 12/31/16 New York
  The Cincinnati Insurance Company A+ $4,685,962,000 12/31/16 Ohio
  Aspen Bermuda Limited $2,296,210,000 12/31/16 Bermuda
  AXIS Specialty Limited A+  $4,189,209,000 12/31/16 Bermuda
  Chubb Tempest Reinsurance Ltd. A++  $7,050,570,000 12/31/16 Bermuda
  DaVinci Reins thru Renaissance U/W Mgrs $14,512,141,000 12/31/16 Bermuda
  Endurance Specialty Insurance Limited A+  $4,991,254,000 12/31/16 Bermuda
  Hamilton Re, Ltd. A-  $1,561,400,000 12/31/16 Bermuda
  Markel Bermuda Limited $2,189,649,000 12/31/16 Bermuda
  Partner Reinsurance Company Ltd. $3,830,393,000 12/31/16 Bermuda
  Renaissance Reinsurance Ltd. A+  $2,000,000,000 12/31/16 Bermuda
  XL Bermuda Ltd $1,457,198,000 12/31/16 Bermuda
Continental Europe & Asia Allianz Risk Transfer AG (Bermuda Branch) (Nephila business) A+ $604,358,000 12/31/15 Liechtenstein
  MS Amlin AG, Bermuda Branch A $1,547,400,000 12/31/15 Switzerland
  Pioneer Underwriting Ltd. obo Peak Reinsurance Company Ltd. A- $841,138,000 12/31/16 Hong Kong
Collateralized Markets Poseidon Re Ltd A     Bermuda
  Rubik Reinsurance, Ltd. A     Bermuda
United Kingdom Liberty Specialty Markets, Paris obo Lloyd's Syndicate 4472 A     United Kingdom
  Neon Underwriting Bermuda Ltd obo Lloyd's Syndicate 2468 A ₤235,000,000 12/2/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 0382 HDU A ₤330,000,000 11/30/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 1084 CSL A ₤780,900,000 5/24/17 United Kingdom
  Lloyd's Underwriter Syndicate No. 1458 RNR A ₤293,300,000 12/1/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 1729 DUW A ₤90,000,000 1/4/17 United Kingdom
  Lloyd's Underwriter Syndicate No. 1955 BAR A ₤378,600,000 11/30/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 2001 AML A ₤1,850,000,000 5/24/17 United Kingdom
  Lloyd's Underwriter Syndicate No. 2791 MAP A   5/24/17 United Kingdom
  Lloyd's Underwriter Syndicate No. 3334 HAM A ₤32,000,000 12/2/16 United Kingdom
  Lloyd's Underwriter Syndicate No. 5678 VSM A ₤32,500,000 12/9/16 United Kingdom

 

2017 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