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19th of May 2013

Montana care captive rated

Vicky Beckett 03/07/2012

Montana captive Pacifica Assurance Company has received a financial stability rating of A (exceptional).
 
Douglas Powell, senior financial analyst at Demotech, said:  “This level of rating is assigned to insurers who possess exceptional 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.”

Pacifica Assurance Company insures nursing home and care facilities in Kansas and Oklahoma and Iowa. It was established on April 14, 2004, to begin operations on May 25, 2004, said Demotech.

 
It writes professional, general and property liability risks for its affiliated insureds.

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