COLUMBUS, Ohio, Dec. 14, 2018 /PRNewswire/ -- Subsequent to
Demotech's review and analysis of the September 30, 2018, statutory financial
information of Conifer Insurance Company and White Pine Insurance
Company, the companies withdrew from Demotech's Financial Stability
Rating® (FSR) review and analysis process.
Demotech's President, Joseph L.
Petrelli, noted, "We wish them well." The FSRs were
withdrawn December 12, 2018.
On December 11, 2018, Conifer
Holdings, Inc. announced that its Board of Directors has authorized
a program to repurchase up to one million shares of the Company's
common stock. Shares may be purchased in the open market or through
negotiated transactions. The program may be terminated or
suspended at any time, at the discretion of the Company.
About Conifer Holdings Inc.
Conifer Holdings, Inc. is a Michigan-based property and casualty holding
company. Through its subsidiaries, Conifer offers specialty
insurance coverage for both commercial and personal lines,
marketing through independent agents in all 50 states. Additional
information is available on their website at www.cnfrh.com.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in
evaluating the financial stability of regional and specialty
insurers. Since 1985, Demotech has served the insurance
industry by assigning accurate, reliable and proven Financial
Stability Ratings® (FSRs) for Property & Casualty
insurers, public entity pools, and Title underwriters. FSRs
are a leading indicator of financial stability, providing an
objective baseline of the future solvency of a public entity pool.
Demotech's philosophy is to evaluate insurers based on their area
of focus and execution of their business model rather than solely
on financial size. Visit www.demotech.com for
information.
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SOURCE Demotech, Inc.