JUA

Demotech - The Rating Agency that Stepped Up

Retrieved on: 
Wednesday, November 23, 2022

Since 1985, Demotech has served the industry by assigning accurate, reliable, and proven Financial Stability Ratingsto P&C insurers and Title underwriters.

Key Points: 
  • Since 1985, Demotech has served the industry by assigning accurate, reliable, and proven Financial Stability Ratingsto P&C insurers and Title underwriters.
  • In 1996, when the major insurer rating agencies avoided the newly capitalized insurers depopulating the Florida Residential Property and Casualty Joint Underwriting Association (JUA), Demotech, Inc.,the insurer rating agency accepted by Fannie and Freddie since 1990, stepped up to rate the insurers that would de-populate the JUA.
  • By doing so, the rating agency grew from rating a negligible market share of Florida's premium volume to nearly 60% of the homeowners' volume in the state.
  • Now, just to be clear, Demotech is NOT a lobbying agency, it is a rating agency that stepped up in its rhetorical outreach to better a marketplace in which it plays a key role.

Rob Bredahl Takes up CEO Role at TigerRisk, Rod Fox Becomes Executive Chairman and Tim Ronda Is Named President

Retrieved on: 
Monday, October 4, 2021

TigerRisk Partners LLC, a leading risk, capital and strategic advisor to the global insurance and reinsurance industries, has today announced that Rob Bredahl will become Chief Executive Officer, while current CEO Rod Fox takes on the role of Executive Chairman, effective immediately.

Key Points: 
  • TigerRisk Partners LLC, a leading risk, capital and strategic advisor to the global insurance and reinsurance industries, has today announced that Rob Bredahl will become Chief Executive Officer, while current CEO Rod Fox takes on the role of Executive Chairman, effective immediately.
  • Following the announcement that Tim Ronda will join TigerRisk starting October 14, he will be named President upon joining.
  • Mr. Bredahl, who was formerly President, joined TigerRisk in 2019, with the strategic goal of succeeding Mr. Fox as CEO.
  • This is an exciting time for the company, said Executive Chairman Mr. Fox.