Demotech withdraws Southern Fidelity ratings as June 1 deadline passes
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Demotech withdraws Southern Fidelity ratings as June 1 deadline passes

Eileen AJ Connelly
June 03, 2022
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Ratings agency Demotech withdrew its financial stability rating for Southern Fidelity on Friday, more than a week after the Floridian suspended new business and renewals as it tried to line up reinsurance for the 2022 hurricane season.

Demotech said the withdrawal followed a review of first quarter 2022 financial statements and reflected the fact that the company's reinsurance coverage was not complete as of June 2.

Given

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Eileen AJ Connelly
Contributing Editor
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