HomeWise Insurance Co. and First Home Insurance Co. have completed their previously-announced merger.
The two Florida domiciled companies, with $25 million of surplus, are combined under the HomeWise Insurance Co. name.
Rating firm Demotech Inc. has issued a Financial Stability Rating (FSR) of A, Exceptional , for the combined entity.
Tampa-based HomeWise said it will offer homeowners, tenant and condominium, dwelling fire, flood and small commercial property coverage in Florida, along with homeowners in Louisiana.
The companies said they have also completed the placement of their combined reinsurance program covering multiple events for the 2011 hurricane season.
Was this article valuable?
Here are more articles you may enjoy.
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
