Monarch National Insurance in Florida
Monarch National Insurance has held Demotech’s A (Exceptional) rating since May 2015 — assigned within weeks of its first policies, affirmed June 2026, and carried through a decade of Florida hurricane seasons in between. The Tallahassee-headquartered insurer writes Florida homes only, carries more than 136,000 policies statewide, and since mid-2022 has been majority-owned by investment funds that put fresh capital behind it with the state’s approval. This page puts the record in one place — the decade-held rating, the ownership, what Monarch writes, its 90,000-plus-policy Citizens takeout history, how claims work — and the one-entry way to put its price on a sheet with 20+ other Florida homeowners carriers before you commit to anything.
Monarch National at a glance
Carrier ratings verified directly with each rating agency.
An A carried through a decade of Florida seasons
Most carrier introductions start with a founding year. Monarch National’s starts more usefully with a rating date: May 2015 — weeks after the company wrote its first Florida policies that spring — when Demotech assigned its Financial Stability Rating of A (Exceptional). Demotech affirmed that A in June 2026, which stretches the grade across ten hurricane seasons: effectively the company’s entire operating life.
The company was built for exactly one market. Incorporated in early 2015 and licensed that March, Monarch writes Florida homes and nothing else, and it runs from Tallahassee, where HP Managing Agency — the group’s managing agency — handles day-to-day operations from underwriting through claims administration. That is why the HP Managing name appears on Monarch’s policyholder portals: Monarch is the insurer, HP Managing Agency the operator. Distribution has gone through independent agents from the start, and the company’s own materials describe its work as serving independent agents and Floridians since 2015.
Scale gives the rating its context. Florida OIR’s May 2026 market data shows more than 136,000 Monarch policies in force — the #19 residential insurer statewide, holding about 1.8% of Florida’s personal-residential market. That is a top-twenty book that keeps every policy inside this single state: deliberate concentration, and the ratings section below covers who grades that kind of book and how.
Cornerstone is appointed with Monarch National, so its quotes come to our desk directly — and because the agency is independent, a Monarch number never has to stand alone. One entry lines its price up in a field of 20+ other Florida homeowners carriers, all built from identical coverage answers — which turns a single quote into a decision you can actually weigh.
Independent since 2022 — with committed capital behind it
The Monarch writing policies today took its present shape in mid-2022. That June, investor funds managed by Hale Partnership Capital Management — a Charlotte, North Carolina investment firm — acquired majority ownership of the company, with the state’s approval orders framing the whole transaction. The commitment was cash: $15 million into Monarch at closing, growing to $22 million in capital infusions across 2022. Steven A. Hale II chairs Monarch’s board, and President John David Lockhart leads the company day to day.
The origin arc is short and clean. Monarch launched in spring 2015 as a Florida joint venture involving Federated National and Crosswinds Holdings; in June 2022, it became fully independent of its founding parent when the Hale-managed funds took majority ownership and recapitalized the company. The same state-approved transaction included a continuity assignment: Monarch assumed roughly 78,000 Florida policies from its former parent’s carrier as that company exited the market — which meant, for those households, coverage that continued without interruption while the ownership fully separated.
The clearest signal of the current owners’ direction came in August 2025, when sister carrier Viceroy Preferred Insurance Company was licensed to write Florida homeowners and dwelling-fire business — a new Tallahassee-based company 90% owned by Monarch itself, with John David Lockhart serving as president of both, and one of the new insurers licensed since Florida’s 2022–23 reforms. State officials framed the licensing as post-reform competition arriving; the plainer read for a policyholder is capacity: this is a group adding underwriting room in Florida, not shedding it.
How Monarch National is rated — the three-part reading
One agency rates Monarch National: Demotech, at a Financial Stability Rating of A (Exceptional) — first assigned May 2015, affirmed June 2026. Demotech is the rater behind most of the specialist carriers writing Florida homes, and on its scale, A (Exceptional) sits near the top.
There is no KBRA rating and no AM Best rating here, and neither absence should read as a caution flag once you know how this market gets graded. AM Best shaped its approach around insurers whose business scatters across dozens of states; a Florida homeowners specialist holds its entire book inside one hurricane-exposed market, and Demotech designed its Financial Stability Ratings for exactly that concentration — the reason a Florida quote sheet is mostly Demotech-rated names. The useful reading never changes carrier to carrier: who stands behind the grade, what the grade says, and how recently it was affirmed. Those three answers accompany every carrier we quote, and our guide to Florida home insurance financial strength ratings takes each of the three agencies in turn.
The capital picture beneath the grade is public record. Policyholder surplus stood at $60.6 million at year-end 2023 — up from $16.8 million at the end of 2019, with the 2022 recapitalization in between — and a state examination closed with no significant findings and no adjustment to surplus. Storm-season protection comes from the catastrophe excess-of-loss reinsurance program the company maintains with the state’s approval.
One more layer is statutory rather than corporate: Monarch is an admitted Florida carrier, and Florida law keeps the Florida Insurance Guaranty Association — the state’s backstop for admitted insurers — behind its policyholders.
What Monarch National writes in Florida
The shelf covers the four main ways Floridians hold a home, plus the flood answer:
- Homeowners (HO-3) — the core product: the standard form for an owner-occupied Florida house.
- Landlord (DP-3) — the dwelling form for rentals and other non-owner-occupied homes, with a differentiator worth hearing in the carrier’s own wording: dwelling policies are eligible for replacement cost on the dwelling with a simple signed request. Replacement-cost treatment on a rental dwelling — subject, like every coverage, to the policy’s terms — is exactly the kind of term to settle at quote time, and here the route to it is a signature.
- Condo unit-owners (HO-6) — the unit owner’s own policy beneath the association’s master coverage. The master form belongs to the association and covers the structure on its own terms, so the first job on any condo quote, working with your agent, is settling the boundary between the two documents.
- Renters (HO-4) — the belongings-and-liability form for tenants.
- Flood — placed through Monarch’s Taurus Flood partnership, whose plans the partner describes as tailored specifically for Floridians. A flood policy always stands separate from the homeowners policy, and in Florida the working question is how much of it a home needs, never whether — priced in the same sitting as the home quote.
Two service details are worth knowing before they surprise you. Monarch runs photo-based home inspections through Chrp Technologies — the vendor the carrier names in its own materials, with a 30-day window to complete — so an inspection request from Chrp on a Monarch policy is genuine, and completing it keeps the policy on track. And Monarch requires a signed request before any reduction in coverage takes effect — a small procedural guard that keeps a policy from shrinking by accident.
Past that, endorsement-by-endorsement detail is a quote-time conversation rather than brochure material: which options exist for your home, and which earn their premium, gets settled with the numbers in front of you, working with your agent.
More than 90,000 policies out of Citizens — the takeout record
Citizens Property Insurance Corporation is Florida’s insurer of last resort, and the state runs a depopulation program to shift policies from Citizens back into the private market. Monarch has been a consistent participant: Citizens’ own yearly statistics count 33,983 policies assumed by Monarch in 2023, 34,860 in 2024, and 21,347 in 2025 — 90,190 households across three consecutive years.
Two reading habits keep those numbers honest. First, they are Citizens’ recorded actuals, not the ceilings in the state’s approval orders — an approval authorizes a maximum, and a carrier assumes the policies that fit its underwriting, so the actuals are the figures that describe what happened. Second, participation is decided round by round, and each roster changes with it — the 2026 rounds have run without Monarch to date.
The letter mechanics live in our guide to Citizens takeout offers — the Offer Form and its printed deadline, the 20% comparison that controls whether Citizens stays an option, and what no response at all leads to. For households already assumed, Monarch’s own depopulation page spells out the continuity terms: the policy renews automatically, it is not run back through the company’s new-business underwriting process, and renewal documents come directly from Monarch.
Assumed or not, the yearly move is identical: run the policy against the wider market on one entry, and give the renewal to the carrier that earns it on the numbers.
How claims work — and what moves a renewal
A claim goes to Monarch directly: report it online through the carrier’s claims portal or by phone at 1-800-293-2532. A flood policy placed through the Taurus Flood partnership has its own claims line at (800) 759-8656. Reporting straight to the carrier gets an adjuster assigned soonest.
The agency’s part belongs to the quiet season. Before any loss, 813.920.8181 is where the pre-claim questions get worked through — where the hurricane and non-hurricane deductibles sit, how the policy is built, whether last year’s re-roof or new water shut-off device made it onto the file. What a policy applies to in any particular loss is settled by its own terms, which is why the walkthrough belongs on the calendar before any storm does.
Renewal pricing has mechanics of its own — and one number this page leaves out on purpose is a rate percentage, because none is verified for Monarch at the source. What moves an individual renewal: the inflation adjustment that rides the Coverage A rebuild limit, the documented age of the roof, the insurance score, and any endorsements that came or went, with each carrier setting its own weights — our guide to why Florida home insurance premiums move sorts the drivers one by one. Monarch’s own materials also walk through the wind-mitigation credits on the state’s inspection form — opening protection, roof covering, roof-to-wall attachment, roof shape, secondary water resistance and the rest — and documentation like that counts once it reaches the file. From there, an annual review — run working with your agent — puts the inputs in order and sets the result beside 20+ Florida homeowners carriers quoting from identical answers.
Two ways to use this page
Already a Monarch National policyholder?
You’re with a rated, recapitalized, Tallahassee-run Florida specialist — and an annual review is how the policy keeps pace with the home, because a re-roof, a discount, or a new device changes nothing until it’s written in. Send the current policy over with Canopy Connect, our secure sharing link — it hands us your declarations page with no retyping — and working with your agent, what you hold now gets measured piece by piece, Coverage A to deductibles to the flood answer, against what the rest of our 20+ Florida homeowners markets make of the same facts.
Shopping and seeing Monarch National quoted?
If Monarch shows up on your comparison, your home likely sits inside its appetite — a useful signal, and only half the picture. One entry with us brings back the full field — Monarch’s price and 20+ other Florida homeowners carriers, one set of coverage answers behind every number — and a licensed Florida agent on the phone for the differences that matter.
Monarch National Insurance: your questions, answered
Is Monarch National a good insurance company?
The public record gives a firm footing. Monarch National has carried a Demotech Financial Stability Rating of A (Exceptional) since May 2015 — assigned weeks after its first policies and affirmed June 2026 — and Florida OIR data (May 2026) records more than 136,000 policies in force, the #19 residential insurer statewide. The company has been majority-owned since mid-2022 by investment funds managed by Hale Partnership Capital Management, which put fresh capital behind it, and a state examination closed with no significant findings. Whether it prices your home best is the one question the record cannot settle — a comparison can: 20+ Florida homeowners carriers, one set of coverage answers, Monarch’s number in the middle of them.
Who owns Monarch National Insurance?
Since mid-2022, Monarch National has been majority-owned by investment funds managed by Hale Partnership Capital Management, a Charlotte, North Carolina investment firm. Steven A. Hale II chairs Monarch’s board, John David Lockhart is the company’s president, and headquarters are in Tallahassee, where the group’s managing agency runs day-to-day operations. The ownership arrived with capital — $15 million at the June 2022 closing and $22 million in infusions across that year, with the state’s approval orders framing the transaction. Monarch was founded in 2015 as a Florida joint venture involving Federated National and Crosswinds Holdings, and it has been fully independent of its founding parent since June 2022.
How is Monarch National rated?
One agency rates Monarch National: Demotech, at A (Exceptional) — first assigned in May 2015 and affirmed in June 2026, so the grade has now run for a decade. AM Best does not rate Monarch, and for this market’s specialists that absence is the common arrangement: AM Best built its method around carriers whose business spans many states, while Demotech’s Financial Stability Ratings were designed for the single-state specialists that write most Florida homes. The homework on any rating runs three questions deep — who issues the grade, what it says, and how fresh the affirmation is — and we collect those answers for every carrier we put on your sheet.
I got a Citizens takeout letter naming Monarch — what does it mean?
The letter means Monarch holds state approval to assume policies out of Citizens — Florida’s insurer of last resort — and that it selected yours. There is a substantial record behind it: Citizens’ own statistics count 33,983 policies assumed by Monarch in 2023, 34,860 in 2024, and 21,347 in 2025 — 90,190 across three years, actual assumptions rather than the larger ceilings the approval orders authorize. Two mechanics drive the letter itself: the Offer Form’s printed response deadline, and the 20% rule — when the offer prices within 20% of your Citizens renewal, a comparison that counts the surcharges and assessments a Citizens policy can carry, Florida law ends your eligibility to remain with Citizens. Our guide to Citizens takeout offers explains each step in order, and working with your agent, there is room inside the letter’s window to price the same home across the wider market before you choose.
Will Monarch insure my rental property?
Monarch writes the DP-3, the landlord form for rentals and other non-owner-occupied homes, and it carries a differentiator worth naming: the carrier states that all of its dwelling policies are eligible for replacement cost on the dwelling with a simple signed request. Replacement-cost treatment on a rental dwelling — subject, like every coverage, to the policy’s own terms — is exactly the kind of term to settle at quote time, and here the route to it is a signature. As for price, no two carriers weigh construction, age, roof, and location the same way, so quote the rental once with us and every DP-3 market we carry prices it — Monarch included — with the side-by-side showing where your address fits best.
Does Monarch write condo or renters policies?
Yes to both: HO-6 condo unit-owners coverage and HO-4 renters coverage sit on the Monarch shelf beside its homeowners and landlord forms. On a condo, the association’s master form covers the building itself on its own terms, and the HO-6 exists for what falls to the unit owner — interior finishes, contents, liability, loss assessment, each subject to the policy’s terms. A worthwhile owner’s step before quoting: get from your association what its master policy insures, and working with your agent, the HO-6 takes shape around that answer rather than a guess. For renters, the HO-4 carries belongings and liability under a lease — and either form gets quoted the same way here, the whole market on one sheet with identical answers behind every number.
Does Monarch offer flood insurance?
Monarch places flood coverage through its Taurus Flood partnership — plans the partner describes as tailored specifically for Floridians — which lets the flood answer take shape in the same conversation as the home quote. A flood policy always stands separate from the homeowners policy, and no Florida address carries zero flood exposure, so the working question is the amount of coverage, never whether to carry it. Premiums track the property itself — the distance between the home and the nearest flooding source, what rebuilding would cost, the elevation it sits at — more than any map zone. Quote both together and the two answers arrive as one decision instead of two loose ends.
How do I file a Monarch claim?
File the claim with Monarch directly — online through the carrier’s claims portal, or by phone at 1-800-293-2532; a flood policy placed through the Taurus Flood partnership has its own claims line at (800) 759-8656. The carrier’s own claims desk is the quickest way to get an adjuster working. The agency’s part comes before any loss: talking through where the deductibles sit, how the policy is built, and whether the policy still matches the house it protects — questions best answered on a calm day. And the honest close to every claims conversation: what applies to a given loss lives in the policy’s own terms, so the time to understand yours is before it is needed.
