Print this pageCorporate Milestones

Demotech, Inc. has been solving problems for the insurance industry as well as problems unique to individual companies since 1985. Our corporate milestones and highlights include:


Founded by Joseph L. Petrelli and Sharon M. Romano Petrelli to serve the financial analysis and actuarial service needs of regional and specialty insurers.
1986 First to issue Financial Stability Ratings® (FSRs) for health maintenance organizations (HMOs).
1987 First to issue FSRs for public entity liability self-insured pools through the implementation of our Management Audit Process.

First to review and rate independent regional and specialty insurance companies.
First to have Property & Casualty insurance company rating process formally reviewed and accepted by Fannie Mae. An FSR of A or better eliminates the need for property insurance cut-through endorsements.

1990 First to have Property and Casualty insurance company rating process formally reviewed and accepted by Freddie Mac.
Began offering Property and Casualty insurance companies and Title underwriters loss cost analysis and rate, rule and form filing assistance.
Addressed the National Association of Insurance Commissioners (NAIC) requirements for Property and Casualty insurers to submit actuarial opinions related to loss and loss adjustment expense reserves concurrent with the 1990 Property and Casualty annual statement.
1992 First to analyze the financial position of each Title underwriter in the industry.
1993 First to have Property and Casualty insurance company rating process formally reviewed and accepted by HUD.
1994 Fannie Mae issued Title underwriting guidelines, naming Demotech as an approved Title underwriter rating service.
1995 First to promulgate Commercial Real Estate Recommendations (CRERs) to provide additional financial due diligence of Title underwriters involved in larger real estate transactions.
1996 Contacted by the Florida Office of Insurance Regulation when the property insurance market required newly established insurers to obtain ratings. Demotech developed evaluation procedures for the assignment of FSRs to newly formed companies.
Coordinated the first seminar regarding the implementation of Statements of Actuarial Opinion for Title underwriters on behalf of the Conference of Consulting Actuaries.
1999 Co-authored the Commerce Clearing House publication describing the evolution of the Canadian Title insurance industry.
2001 Completed the initial loss and loss adjustment expense reserve review of the Iowa Finance Authority – Title Guaranty Division.
2002 Revitalized the Ohio Title Insurance Rating Bureau, Inc. (OTIRB).
2003 Auto-Owners Insurance Group made umbrella insurance available to insurers earning an FSR of A or better.
Assisted the North Carolina Title Insurance Rating Bureau with the development and filing of Closing Services coverage.
Assisted the OTIRB with its first rate revision since 1980.
2004 Published Serious about Solvency – Financial Stability Rating® Survival Rates 1989 through 2004.
Introduced Demotech Performance of Title Insurance Companies and Quarterly Updates, presenting consolidated statutory financial information for the Title insurance industry.
2005 HUD approved Demotech's rating process for professional liability insurance under Notice H04-15, Professional Liability Insurance for Section 232 and 223(f) Programs.
2006 Joseph L. Petrelli, ACAS, MAAA, FCA, authored What We've Got Here Is a Failure to Communicate – How Traditional Financial Reporting Contributes to Misunderstanding of Title Insurance Loss Activity.
Demotech introduced Comparative Financial ObservationsTM.
2007 Demotech introduced its Company Classification System.
Demotech designated as the Official Research Partner of Insurance Journal.
Expanded operations into a larger facility reflecting our increased capacity to serve our clients.
2008 Introduced Insurance Agents' Errors and Omissions Insolvency Gap Legal Defense Coverage.
2009 Expanded the Insolvency Gap Coverage to include indemnity as well as legal defense.
2010 Celebrated 25th anniversary.
2011 Florida State University published "A Comprehensive Analysis of Insurer Financial Strength Ratings" comparing and contrasting Demotech to A.M. Best, Moody's, Standard & Poor's, and Fitch.
2012 Financial Stability Ratings® added to SNL Financial website,
2013 A leading insurance agent's errors and omissions insurance carrier retains Demotech to perform a financial due diligence on the carriers that will receive an extension of insolvency coverage.
Introduced Stakeholder Team Accomplishment Recognition™ to identify P&C insurers that were able to successfully address the diverse needs of all corporate stakeholders.
2014 Achieved the milestone of more than 400 insurance entities being actively reviewed, rated and monitored.
Fannie Mae MultiFamily accepted captive insurers and risk retention groups rated A or better by Demotech as regards professional and general liability insurance coverage for senior housing facilities.
Nominated for Intelligent Insurer Global Award - Best Rating Agency.
ACQ Global Awards 2014 - US - Niche Financial Analysis Provider of the Year (Insurance).
ACQ Law Award 2014 - Niche Lawyer of the Year - US to W. Burke Coleman, Esquire, Demotech's Legal Counsel and Compliance Manager.
2015 Celebrated 30th Anniversary.
Published inaugural issue of The Demotech Difference.
ACQ Global Awards 2015 - US - Niche Financial Analysis Provider of the Year (Insurance). (2nd consecutive year)
Corporate LiveWire - Innovation & Excellence Award 2015 - Excellence in Financial Analysis - USA.
ACQ Global Awards 2015 - US - Gamechanger of the Year (Financial Analysis).
Founder's Award from the Florida Association for Insurance Reform.
Reactions Magazine - Rating Agency of the Year - 2015 - Runner Up.
Corporate LiveWire - Global Awards 2015 - Insurance Risk Management - Ohio. 
Financial Monthly - M&A Awards 2015 - Financial Analysis Firm of the Year - USA.
UKCorporate Excellence Award 2015 - Best Evaluator of US Regional and Specialty Insurers & Sustained Excellence in Insurer Financial Analysis.

Financial Stability Ratings® of S or better accepted by a major underwriter of insurance agents' Errors and Omissions insurance.
Held Insurance Summit 2016 at The Wild Dunes in South Carolina.
Released a series of seminars related to understanding the statutory property and casualty annual statement.
Approved as a provider of insurance agent continuing education in Ohio. Ohio State Treasurer Josh Mandel was a guest lecturer at our initial session.
ACQ Global Awards 2016 - US - Niche Financial Analysis Provider of the Year (Insurance). (3rd consecutive year).
ACQ Global Awards 2016 - US - Gamechanger of the Year (Financial Analysis). (2nd consecutive year).
InterContinental Finance and Law Magazine 250 Leading Firms Award 2016 - Insurance and Reinsurance Analysis Firm - USA.
Dealmakers Monthly Country Awards 2016 - Financial Analysis Firm of the Year - USA.
Corporate LiveWire - Global Awards 2016 - Knowledge of Insurance and Reinsurance. 
Financial Monthly - Global Awards 2016 - Financial Analysis Firm of the Year - USA.