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After Merger Announcement, KBRA Puts Olympus’ Rating on Watch

Sep 12 2025 // A day after SageSure announced plans to acquire Florida-based Olympus Insurance, a financial rating firm said it has some concerns. KBRA, the Kroll Bond Rating Agency, issued a notice Thursday that it has placed...

KBRA Upgrades AmCoastal Debt Ratings, Reducing Interest Expenses

Jul 22 2025 // One year after American Coastal Insurance went through a regulator-forced shakeup in leadership, the Florida-based carrier’s holding company has received a slight upgrade in its debt rating from KBRA, producing a...

KBRA Downgrades Financial Strength Ratings of Oregon Mutual Insurance

Nov 21 2024 // KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-. The outlooks for both ratings remain...

KBRA Says Florida Insurers Will Weather the Storms; Cat Fund Can Handle Payouts

Nov 1 2024 // Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a...

KBRA: Florida Insurers Got Creative in 2023 but Higher Reinsurance, Storms Coming

Dec 13 2023 // Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property insurers will continue to...

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