Solid Reinsurance Program
Our reinsurance programs include catastrophe reinsurance provided by the
Florida Hurricane Catastrophe Fund and Reinsurance markets rated A- or better by
A.M. Best®, a leading financial rating firm and approved by the Insurance Departments
in Florida and Texas. Cypress uses the proprietary storm models along with those
of our leading reinsurance supporters to estimate probable catastrophic losses and
purchases reinsurance in excess of expected damage from hurricanes, tornadoes and
hail storms.
Outstanding Financial Stability Ratings® (FSR)
In Florida, Cypress Property & Casualty Insurance Company has earned an upgraded
Financial Stability Rating of A' (A Prime), Unsurpassed. This level of FSR is
assigned to insurers who possess unsurpassed financial stability related to maintaining
positive surplus as regards policyholders, liquidity of invested assets, an acceptable
level of financial leverage, reasonable loss and loss adjustment expense reserves
and realistic pricing.
In Texas, Cypress Texas ★Lloyds has earned a FSR of A, Exceptional. This level
is assigned to insurers who have an exceptional ability to maintain liquidity of
invested assets, quality reinsurance, acceptable financial leverage and realistic
pricing while simultaneously establishing loss and loss adjustment expense reserves
at reasonable levels.