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About Us
Financial
Stability
Security First Insurance Company is capitalized at
$18.9 million, and has received an “A” (Exceptional) Financial
Stability Rating® from the national financial rating service
Demotech, Inc. (www.demotech.com).
This means that Security First Insurance meets all of the requirements
of the state of Florida to market and sell homeowner and dwelling
insurance products statewide.
Reinsurance
Security First’s conservatively structured reinsurance
program exceeds state of Florida reinsurance requirements.
Florida companies must have enough reinsurance to cover
one 100-year event and two 20-year events in a single year. Security First
has purchased more reinsurance for our book of business than is required
by state law.
Effective April 1, 2007, Security First entered into
85 Percent Quota Share Reinsurance treaties with companies listed below.
A.M. Best rates each of these companies A- or better. In the event of a
hurricane, this program assures that Security First Insurance Company’s
net loss will be no more than $225,000 or 1.5 % of surplus. This means
that we will be here when you need us most: after the catastrophe or storm.
| Partners |
| Endurance
Re* |
35% |
A-
(Excellent) A.M. Best Rated |
| Everest Re* |
25% |
A+ (Superior)
A.M. Best Rated |
| Flagstone Re** |
25% |
A- (Excellent)
A.M. Best Rated |
* Publicly
Traded and worth more than $2 billion.
** Publicly Traded and worth from $500 million to
$750 million |
Source:
A.M. Best Online Rating Center
Senior Management and Directors
CHAIRMAN OF THE BOARD
Harry R. Bleiwise began his insurance career in 1971 with Rider
Insurance Agency, which he owns. He started Rider Insurance
Company in 1977. Currently, he serves as Chairman of Rider
Insurance Company.
PRESIDENT AND DIRECTOR
W. Lockwood (Locke) Burt began his insurance career in 1974.
Since 1980, he has served as President of Ormond Re Group.
A licensed insurance and reinsurance broker, he served on
the Board of the Florida Association of Domestic Insurance
Companies, and as President of the Independent Reinsurance
Underwriters and Brokers Association. He is a licensed attorney
and former member of the Florida Senate.
TREASURER AND DIRECTOR
Donald G. Brocksmith is a CPA who began his career in 1969
with KPMG Peat Marwick. He entered the insurance business
in 1974 and held accounting or audit management positions
with several firms including Great American, RLI, General
Ins. Co., and Harbor Insurance Group. He joined Ormond Re
in 1998.
SENIOR VICE PRESIDENT AND DIRECTOR
Werner E. Kruck, CPCU, ASLI, brings more than 30 years of
domestic and global insurance experience to the management
team. He began his insurance career in Michigan in 1975 and has developed
wide-ranging expertise in product development and underwriting. A Chartered
Property Casualty Underwriter, Werner has served as a member of the Executive
Committee of the Personal Lines section of the CPCU Society and the National
Insurance Task Force (NITF) Accessibility Committee. Werner graduated from
Western Michigan University with a BBA in 1977.
VICE PRESIDENT - SALES
Bill Coffin, has been in the business for over 30 years, holding previous posts with Hartford and Metropolitan Insurance. As a student, Bill attended Johnson and Wales College in Providence, Rhode Island, where he studied accounting.
VICE PRESIDENT - CLAIMS
Walt Zehnder, began his career with Aetna Life and Casualty Company in 1975. He has held various claims positions with other companies, including Claims Director for the Florida Residential JUA.
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