Solid Reinsurance Program
Cypress' reinsurance programs include catastrophe reinsurance provided by the
Florida Hurricane Catastrophe Fund and reinsurers 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 latest computer models to estimate probable catastrophic
losses and purchases reinsurance to protect the company against events such as hurricanes,
tornadoes and hail storms.
Outstanding Financial Stability Ratings® (FSR)
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.
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.