KBRA Assigns Rating to Manatee Insurance Exchange

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a BBB Insurance Financial Strength Rating (IFSR) to Manatee Insurance Exchange. The Outlook for the rating is Stable. Manatee Insurance Exchange (“Manatee” or “the Company”) is a new reciprocal property and casualty insurance company headquartered in Temple Terrace, FL which will write primarily homeowners multi-peril business solely in Florida. Manatee was formed by the management team of Safepoint Insurance Company (Safepoint) (BBB+/Stable) with the exp