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A.M. Best Revises Outlooks to Positive for Capacity Insurance Company

June 15, 2017  |  Posted by Nick Peterson  |  4674 Views

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SUNRISE, Fla., June 8, 2017 /PRNewswire/ — Capacity Insurance Company has had its A.M. Best Financial Strength Rating of B+ (Very Good) reaffirmed by A.M. Best Company, who also revised the company’s outlook to “Positive” from “Stable.” A.M. Best has published on their website that “The revised outlooks to positive reflect Capacity’s improved risk-adjusted capitalization and operating performance in recent years, as Capacity ramped up its business writings, and its thus far successful execution of the operational and financial plans by the management team, with focus on writing commercial property business in Florida.” They also add that “Capacity’s pure loss ratios compare favorably with its peers.”

“We are very proud of the performance of Capacity Insurance Company. In the eight years since acquiring the company, we have orchestrated a complete and successful transformation. Capacity is now known as an insurer of Florida’s small businesses and a company that business owners can place their trust in, with comprehensive specialty products, fast and fair claims service, and financial stability,” said Kevin Tromer, President and CEO of Capacity. “We are pleased with A.M. Best’s recognition of our performance with revised positive outlooks.”

 

Capacity, having recently been approved by the Texas Department of Insurance, looks forward to bringing its suite of admitted product offerings to small business owners throughout Texas later this year.

Capacity is a subsidiary of Team Focus Insurance Group, and its offerings are written exclusively through MacNeill Group, Inc. MacNeill Group is a specialty MGA who traces its roots back to 1946 and has a 70-year reputation for playing an important role in ensuring the success of its independent agent partners by providing a wide array of products backed with service that is beyond compare.

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