Weston companies are one.
Company officials recently announced that Florida-based Weston Insurance Co. and Weston Specialty Insurance Co. have merged to form Weston Property & Casualty Insurance Co.
The new firm has been assigned an “A” rating for financial stability by Demotech and will specialize in covering natural catastrophe losses for residential and commercial properties, the company said. Deanne Nixon is the president and CEO.
The merger may be the next logical step for Weston, which saw heavy catastrophe losses in recent years and a downgrade in its financial ratings. Hudson Structured Capital Management took majority ownership of Weston in 2020, providing much-needed financing, according to reports.
Weston is licensed in 14 states and operates in Florida, Louisiana, Texas and Mississippi. It has headquarters in Coral Gables.
Topics Carriers Property Casualty
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