Sunrise, FL – March 1, 2011 – Capacity Insurance Company, a Florida-based commercial property and casualty company operating since 1989 has had its AM Best Financial Strength Rating of B+ (Very Good) affirmed by AM Best Company. The rating reflects Capacity Insurance Company’s adequate capitalization driven by a low level of net premium leverage and carried reserves relative to policyholder surplus. Capacity’s loss ratio remains favorable compared to its peers.
Capacity, owned since 2009 by Focus Holdings, LLC, has reestablished its market presence with a series of new product offerings including comprehensive programs for lessor’s, trade contractors, houses of worship, gas station/convenience stores, motor truck cargo and office and mercantile operations written exclusively through its affiliated MGA, MacNeill Group, Inc.
“We are pleased with AM Best’s recognition of our financial stability and organizational strength”, said Kevin Tromer, president of Capacity. “Our leadership, as Floridians ourselves, is focused on developing niche products to protect Florida businesses while remaining committed to being one of the easiest companies to do business with.”
Focus Holdings, better known by the name of its largest operating subsidiary, MacNeill Group, Inc. traces its Florida roots back to 1946 and maintains a network of nearly 5,000 independent agents. Focus Holdings is a diversified group of companies serving the property and casualty industry. Through its various subsidiaries, services provided include MGA and wholesale brokerage, program management, premium finance, actuarial expertise, and statutory accounting.
The A.M. Best Company is the oldest insurance rating agency in the world and has been reporting on the financial condition of insurance companies since 1899. Best’s Ratings represent the current and independent opinion of a company’s financial strength and ability to meet obligations to its policy holders. A Best Financial Strength Rating is assigned after an extensive quantitative and qualitative evaluation of a company’s financial strength, operating performance and market profile.
