VYRD, an insurance company serving homeowners in Florida, announced that it has received a Financial Stability Rating (FSR) of A, Exceptional from a leading independent financial analysis firm, Demotech, Inc.

VYRD, an insurance company serving homeowners in Florida, announced today that insurance veteran Elizabeth Bevelacqua has joined the company as Director of Sales and Marketing.

The team at FAIA recently had a conversation with VYRD’s President & CEO, David Howard, to discuss their plans for Citizens take-outs, agency appointments, and voluntary business.

When the Florida insurance world heard that a newly formed homeowners’ insurance carrier was stepping into the troubled Florida waters, reactions ranged from cynical to apoplectic.

VYRD, a new insurance company serving homeowners in Florida, has today launched as a joint venture between SiriusPoint Ltd. (“SiriusPoint” | NYSE: SPNT), a specialty insurer and reinsurer; and insurtech company bolt.

According to a report, the new carrier will be selecting up to 42,045 customers of state-owned Citizens Property Insurance Corp., who will receive an offer to join the new company.