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ATIC Financials

We formed American Traditions Insurance Company with longevity and financial solvency in mind.  Since we do not assume policies from Citizens or other insurance companies we have maintained a slow and steady growth that has provided a build-up of capital and financial strength.  This business strategy has led to a preservation of assets which will continue to be our priority into the future.  Funds collected from our customers are invested in the highest quality corporate bonds, municipal bonds and mortgage backed securities.  The portfolio strategy minimizes volatility in the market place and maximizes liquidity.  A high level of liquidity ensures that cash will be available to pay losses should they occur.  Our Company carefully invests in high quality securities.

Florida is an unpredictable state.  We’ve addressed this through continuously running models of our risks and carefully designing a reinsurance program tailored to the homes and mobile homes we insure.  In the event of a hurricane, the majority of our losses are covered by the reinsurance we purchase from companies around the world.  Our reinsurance program is based on relationships in London and Bermuda that have developed over many years through trust and confidence.  We've designed a program that considers both the severity of a particular storm as well as the possibility of multiple storms in one year.   In any given storm our retention (i.e. deductible) is less than 10% of our surplus.  As seen in the list below, we spread the risk between multiple reinsurers and only purchase coverage from the highest quality companies in the world.  We also purchase a portion of our overall reinsurance from the Florida Hurricane Catastrophe Fund.

2018 Reinsurance AM Best Rating Surplus (millions)
Domestic
Everest Reinsurance Company A+ $3,388
Partner Reinsurance Company of the US A $1,307
Bermuda
Allianz Risk Transfer Ltd (obo Nephila) A+ $64
Artex SAC Limited/Gemini Re A+ $1,246
Aspen Bermuda Ltd A $2,296
AXIS Specialty Ltd A+ $4,189 
Chubb Tempest Reinsurance Ltd A++ $8,488
Fidelis Insurance Bermuda Ltd A- $1,113
Hannover Re Ltd A+ $1,245
Hiscox Insurance Company Ltd A $834
Partner Reinsurance Company Ltd A $3,830
XL Bermuda Ltd A $13,838
United Kingdom
Fidelis Underwriting Ltd A- $128
Liberty Specialty Services Ltd A $1,597
Hiscox Syndicate 0033 A+ $2,160 
Hardy Syndicate 0382 A+ $445
Faraday Syndicate 0435 A+ $540
Kiln Syndicate 0510 A+ $1,487
QBE Syndicate 0566 A+
Atrium Syndicate 0609 A+ $608
Advent Syndicate 0780 A+ $270
Antares Syndicate 1274 A+ $472
Ascot Syndicate 1414 A+ $810
Dale Syndicate 1729 A+ $178
Arcus Syndicate 1856 A+ $132
Tokio Marine Kiln Syndicate 1880 A+ $486
Ariel Syndicate 1910 A+ $341
Apollo Syndicate 1969 A+ $304 
MS Amlin Syndicate 2001 A+ $2,497
XL Catlin Syndicate 2003 A+ $1,995
Norvae Syndicate 2007 A+ $995
Cathedral Syndicate 2010 A+ $413
Acapella Syndicate 2014 A+ $202
China Re Syndicate 2088 A+ $183
Neon Syndicate 2468 A+ $412
MAP Syndicate 2791 A+ $540
Brit Syndicate 2987 A+ $1,890
Brit Syndicate 2988 A+ $134
Markel Syndicate 3000 A+ $675
Canopius Syndicate 4444 A+ $1,415
Blenheim Syndicate 5886 A+ $243
Europe - Other
Hannover Rueck ES A+ $6,946
MS Amlin AG  A $1,768

Company Rating

Regardless of the severity of a general economic downturn or deterioration in the insurance cycle, insurers earning a Financial Stability Rating® of A possess Exceptional financial stability related to maintaining positive surplus as regards policyholders.

Demotech, Inc. is a highly regarded financial analysis firm. Financial Stability Ratings® (FSRs) are a leading indicator of an insurer's financial stability. FSRs are based upon a series of quantitative ratios and considerations which together comprise Demotech's Financial Stability Analysis Model. FSRs are accepted by several government sponsored enterprises, including Fannie Mae, Freddie Mac and various programs of the United States Department of Housing and Urban Development (HUD), mortgage lenders, as well as a number of umbrella and agents errors and omissions insurance markets.