Centauri Specialty Insurance Co. News

Florida’s Centauri Insurance Keeps ‘A’ Rating, Plans Expansion After Applied Acquisition

Centauri insurance companies (Centauri Specialty Insurance Co. and Centauri National Insurance Co.) have sustained their financial stability rating of “A” (Exceptional) from Demotech, after being strengthened financially through its recent acquisition by Applied Underwriters, the company said in a statement. …

Applied Underwriters’ Centauri Files $30M ‘Poaching’ Suit Against Wellington Insurance

A Florida-based managing general agency has filed a $30 million poaching lawsuit against three former executives and the agency they jumped to while it was in the process of being acquired. Centauri Specialty Insurance Holdings (CSIH) and Centauri Specialty Managers …

Centauri Insurance’s Rating Under Review After Termination of Avatar Acquisition

The Financial Stability Rating (FSR) of A, Exceptional, assigned to Louisiana’s Centauri National Insurance Co. by Demotech Inc. may be subject to change as Centauri National’s parent company, Centauri Specialty Insurance Co., has terminated its planned acquisition by Avatar Partners …

Avatar Partners Acquisition of Centauri in Hawaii Bolsters Ratings

The Financial Stability Rating (FSR) of A, Exceptional, has been assigned to Centauri Specialty Insurance Co. in Hawaii due to its pending acquisition by Avatar Partners LP, parent of Avatar Property & Casualty Insurance Co., Demotech Inc. announced. Terms of …

Louisiana Citizens Insurance Policy Count Down 50% from All-Time High

Louisiana Insurance Commissioner Jim Donelon announced that the total policy count for Citizens Property Insurance Corp. (Citizens), the state’s insurer of last resort, has dropped by 50 percent from its all-time high in 2008. With this eighth round of the …