Why Southern Oak? Proven Record of Success

Why
Southern
Oak?
Why Southern Oak?
Proven Record of Success
Southern Oak Insurance Company is a Florida domiciled insurance company established in December 2004 to
provide Florida residential coverage. It is a privately held company 100% wholly owned by Florida residents with
home offices in Jacksonville.
The core strength of Southern Oak is its knowledge and understanding of the Florida Property Insurance Market
with members of its executive team having over 100 years of experience in Florida’s insurance market place.
Southern Oak is defined by its steady and managed business approach as evidenced by the fact that Southern Oak
has grown its surplus each year, ending 2009 with $15 million, a four million dollar increase from 2008.
What’s Important to You?
Key Ratios and Surplus
For Agents:
Financial Stability Rating® from Demotech of
“A” (Exceptional) Means we possess
Exceptional financial
stability by maintaining a
positive surplus and have
the ability to insulate ourselves, our agents and
our policyholders from general economic
downturn or deterioration in the insurance cycle.
Uniquely Qualified Executive Team - Over 100
years of experience in Florida’s insurance market
place. We are committed to protecting Florida’s
families and their property from a loss.
State-of-the-art Systems – Utilizing technology
for features such as online quoting, endorsements
and bill payment, increases productivity and
delivers superior customer service.
For Policyholders:
Compassionate Claims Service – Report claims 24
hours a day, 365 days a year for speedy and
professional responses from some of the most
experienced and qualified adjusters in the
industry.
Online Access – Make premium payments via
credit card, contact your agent, check billing,
and Go Green! by viewing and receiving policy
documents electronically via our Policyholder
Portal.
SOI
NAIC
Benchmark
Gross Written Premium Ratio
5.8:1
< 9:1
Net Written Premium Ratio
2.41:1
< 3:1
Ratio
“Southern Oak has grown its surplus each
year, ending 2009 with $15 million, a four
million dollar increase from 2008.”
We also write
flood business!
Southern Oak Insurance Company
Toll Free Customer Service 877.900.3971
Toll Free Claims Service 877.900.2280
www.southernoakins.com
Reinsurance to Protect Your Customers and Their Assets
Our conservative use of companies with an A.M. Best rating of A- or better protects policyholders
by protecting the company’s surplus in the event of a catastrophe.
Reinsurance Program
Southern Oak Insurance Company
Reinsurers 2010
AM Best
Rating
S&P
Rating
Renaissance Reinsurance Ltd.
A+
AA-
Da Vinci Reinsurance Ltd
A
A+
Juniperus (through Hanover Rueck)
A
AA-
Flagstone Reinsurance Company
Ace Tempest Re Ltd.
AA+
A+
Montpelier Re Ltd
A-
A-
XL Re Ltd.
Ag
A
Ariel Reinsurance Company Ltd.
A-
Validus Re
A-
Arch Re Ltd.
A
Reinsurer
Torus
Coverage for two storms up to a 114 yr. event
Additional Aggregate Coverage for multiple
storms after first two storms
Reinsurers Coverage from AM Best Rated A- or
better companies
Coverage Options
HO 3
A
A-g
Canopius Underwriting
Our 2010 program contains the following:
$318.5 million in Coverage
HO 4
HO 6
DP 3
Cov A – Dwelling
Max
$1,500,000
N/A
$300,000
$500,000
Min
$70,000
N/A
$1,000
incl.
$70,000
A
A+
Partner Re
A+g
AA-
Odyssey America
Ag
A-
Everest Reinsurance Company
A+g
A+
Transatlantic Re
Ag
A+
Lloyd's Syndicate No. 2001 AML
A
A+
Amlin (BDA)
A
A
Lloyd's Syndicate No. 1414 ASC
A
A+
Lloyd's Syndicate No. 958 GSC
A
A+
Lloyd's Syndicate No. 0435 FDY
A
A+
Omega Specialty
A-
Lloyd's Syndicate No. 566 STN
A
A+
Lloyd's Syndicate No. 0033 HIS
A
A+
Lloyd's Syndicate No. 2010 MMX
A
A+
Lloyd's Syndicate No. 0780 ADV
A
A+
Lloyd's Syndicate No. 1955 BAR
A
A+
Lloyd's Syndicate No. 1301 BGT
A
A+
Lloyd's Syndicate No. 1225 AES
A
A+
Lloyd's Syndicate No. 2007 NVA
A
A+
Lloyd's Syndicate No. 7272 SAM
A
A+
Max
$5,000
$5,000
$5,000
$2,000
Lloyd's Syndicate No. 2623 AFB
A
A+
Min
$2,000
$2,000
$2,000
$0
Lloyd's Syndicate No. 609 AUW
A
A+
Lloyd's Syndicate No. 623 AFB
A
A+
Cov B – Other Structures
Max
30% of Cov A
N/A
N/A
Min
10% of Cov A
N/A
N/A
Cov C - Contents
Max
70% of Cov A
$150,000
$300,000
Min
 0% of
Cov A
$6,000
$6,000
50% of
Cov A
 0% of
Cov A
Cov D - Loss of Use (HO)/Fair Rental Value (DP3)
Min/
Max
10% of Cov A
15% with
Premier End
10% of
Cov C
20% of Cov
C
10% of
Cov A
Cov E - Liability (HO)/Cov L - Liability (DP3)
Max
$300,000
$500,000
with Premier
End
$300,000
$300,000
$300,000
Min
$100,000
$100,000
$100,000
$0
Cov F – Med Pay (HO)/Cov M - Med Pay (DP3)
 Optional Premier Homeowner Endorsement— Available for
values exceeding $750,000
 Contents Coverage Exclusion—form required
Southern Oak Insurance Company
Toll Free Customer Service 877.900.3971
30% of
Cov A
10% of
Cov A
Toll Free Claims Service 877.900.2280
www.southernoakins.com