The Financial Stability Rating (FSR) of A, Exceptional, has been assigned to Centauri Specialty Insurance Co. in Hawaii due to its pending acquisition by Avatar Partners LP, parent of Avatar Property & Casualty Insurance Co., Demotech Inc. announced.
Terms of the deal were not disclosed.
Centauri Specialty Insurance Co. is a part of Centauri Specialty Insurance Holdings Inc., a Delaware holding company. It offers a variety of residential and commercial insurance products.
Avatar Property & Casualty Insurance Co. is a Florida company focused on homeowners.
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