GeoVera ratings placed under review pending restructure
The FSR and Long-Term ICR for these entities, both rated as ‘A’ (Excellent), are now flagged with developing implications. The decision impacts several members within the group, including Coastal Select Insurance Company, GeoVera Insurance Company, GeoVera Reinsurance, Ltd., and GeoVera Specialty Insurance Company, all underpinned by an intercompany reinsurance agreement.
