Financial Strength

We’re built to be Prepared

When you buy a policy from Prepared, you are placing your home in our hands. That’s why we’re open and honest about our financial strength to keep you covered in the event of a disaster. We work hard to balance risk and capital issues while striving to offer competitively priced products.

Reinsurance

Our financial strength is based on the ability to handle claims following catastrophic as well as day-to-day events. We take this responsibility seriously and have partnered with TigerRisk Partners, a leading worldwide, reinsurance brokerage to place our annual Catastrophe Loss Reinsurance Program.  

Prepared Insurance Company obtains reinsurance from multiple insurance carriers based all over the world to protect our policyholders in a 100 year storm or multiple smaller events in a single year. This offers security to our agents and policyholders when they need us the most.

Prepared Insurance Company is rated ‘A Exceptional’ by Demotech, Inc.

Reinsurance Carrier (U.S.) A.M. Best Rating
American Agricultural Insurance Company
A
Everest Reinsurance Company
A+
Odyssey Reinsurance Company
A
Quantedge (Tokio Millennium Re)
A++
Transatlantic Reinsurance Company
A+
Reinsurance Carrier (Bermuda) A.M. Best Rating
Chubb Tempest Reinsurance Company Ltd.
A++
DaVinci Reinsurance Ltd.
A
Elementum Re Ltd. (Tokio Millennium Re)
A++
Endurance Specialty Insurance Limited
A+
Greenlight Reinsurance, Ltd.
A-
Markel Bermuda Limited
A
Neon Underwriting Bermuda Ltd. o/b/o Neon Syndicate 2468
A
Nephila Capital Ltd. (2)
A
Partner Reinsurance Company Ltd.
A
Partner Reinsurance Company Ltd.
A
Renaissance Reinsurance Ltd.
A+
Securis ILS Management Ltd. (Tokio Millennium Re)
A++
XL Bermuda Ltd.
A
Reinsurance Carrier (London) A.M. Best Rating
Ascot Underwriting BDA o/b/o American International Reinsurance Company Limited
A
CATCo Re Ltd. (Hannover Rueck SE)
A+
General Insurance Corporation of India (via ACE Insurance Brokers)
A-
Lloyd’s Syndicate 0382 Hardy
A
Lloyd’s Syndicate 0435 Faraday
A
Lloyd’s Syndicate 1084 Chaucer
A
Lloyd’s Syndicate 1414 Ascot
A
Lloyd’s Syndicate 1458 (Ren Re)
A
Lloyd’s Syndicate 1729 Dale
A
Lloyd’s Syndicate 1969 (Apollo)
A
Lloyd’s Syndicate 2001 Amlin
A
Lloyd’s Syndicate 2003 (Catlin)
A
Lloyd’s Syndicate 2007 (Axis)
A
Lloyd’s Syndicate 2010 (Cathedral)
A
Lloyd’s Syndicate 2007 (Neon)
A
Lloyd’s Syndicate 2007 (Beazley)
A
Lloyd’s Syndicate 2007 (MAP)
A
Lloyd’s Syndicate 2007 (Markel)
A
Lloyd’s Syndicate 2007 (Blenheim)
A
MS Amlin AG
A
Pioneer CAT obo Peak Reinsurance Co. Ltd.
A-
Pioneer CAT obo Taiping Reinsurance Co. Ltd.
A

Click here to download a printable version of our financial status letter.