by Mark Spencer | Nov 19, 2025 | Press Release
A.M. Best has assigned a Financial Strength Rating (FSR) of B++ (Good) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” to Southern Guaranty Insurance Company (headquartered in Clearwater, FL) (Southern Guaranty), a newly formed U.S. insurer that is part of Premier Servicing, LLC. (Premier). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Southern Guaranty’s balance sheet strength, which A.M. Best categorizes as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
Based on the business plan shared with A.M. Best, Southern Guaranty’s risk-adjusted capital, as measured by the Best’s Capital Adequacy Ratio (BCAR), is projected to be at the strongest level over the near term. The balance sheet assessment takes into consideration the company’s initial capitalization, projected conservative asset allocation and reinsurance agreements with highly rated carriers. While the level of risk-adjusted capitalization is projected to moderate over the medium term as the company achieves its growth plans, A.M. Best expects the ultimate owner to provide additional capital support if needed.
Furthermore, the ratings take into account the business plans of the company, its experienced management team, as well as the near-term earnings prospects to be derived from the existing partner relationships. Southern Guaranty’s overall operating performance is considered adequate, given the expected results over the near term. Additionally, Southern Guaranty’s business profile is viewed as limited due to the start-up nature of operations, lack of product diversification and risk exposure during the first few years of operations. In addition, ancillary health products the company plans to grow have become very competitive with many carriers entering or expanding into that segment.
The company’s ability to execute its business plan will be a key rating factor going forward. As such, A.M. Best will closely monitor Southern Guaranty to ensure that targeted results are attained.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source.
Source: http://www3.ambest.com/ambv/bestnews/PressContent.aspx?altsrc=14&refnum=26608
by Mark Spencer | Nov 19, 2025 | Press Release
Clearwater, FL, December, 2022 — Southern Guaranty Insurance Company (SGIC) recently created and sponsored a hurricane relief drive to aid those affected by Hurricane Ian along the south coast of Florida. Led by the COO, Bryan Schmidt and the VP of Compliance, Shane Crawford, as well as the entire executive team and the company’s commitment to ethics, compassion, and community. SGIC employees joined together to deliver over $10,000 worth of bottled water to those local communities most devastated by the storm. In addition, SGIC rallied together both employees and other local businesses to provide additional donations of food, clothing, and other essential items to those families that suffered the greatest loss.
Over the course of two days following Ian, 30 volunteers from SGIC worked tirelessly to pack over 15 pallets of water and countless other donations for delivery to the city of Fort Myers. The donations were first welcomed by the Mount Herman Baptist Church, which served as a centralized location for those seeking shelter following the Hurricane. The same day, the SGIC volunteer team made donations to the East United Way Pantry, where they were greeted by more storm displaced families and children waiting for water, food, and clothing.
“The pastor from Mount Herman had been praying for the last hour for someone, anyone, to show up with water; so we were thrilled to be able to offer the essentials that the community needed,” says Shane Crawford. “You feel a true sense of community when you are able to look someone in the eyes and tell them that you are there to help them in their time of need. We view local outreach and donations like we saw today as essential to our corporate responsibility to the communities in Florida and beyond.”
This hurricane relief drive exemplifies SGIC’s commitment to community outreach. SGIC hopes to galvanize more local businesses to provide local assistance that personally touches those who are affected by disasters such as Hurricane Ian. Community outreach is a cornerstone of SGIC’s commitment to provide a positive impact in the communities that it serves and where it strives to make a difference.
About SGIC Insurance:
SGIC is a company that offers innovative and customizable medical insurance for today’s complicated health insurance market. We tailor plans to match the individual member’s needs and lifestyle in this increasingly complex and changing world. Learn more about how we can build a plan that’s right for you at sgicinsurance.com.
by Mark Spencer | Nov 19, 2025 | Press Release
Southern Guaranty Insurance Company (SGIC) is announcing the continued availability of its Limited Indemnity Medical Insurance plan — a solution tailored for individuals seeking healthcare flexibility and enhanced control over their medical expenses.
In an environment where access to customizable healthcare is essential, SGIC’s plan stands out by offering coverage that adapts to the unique needs of individuals, families, and independent workers.
With this plan, policyholders have the freedom to choose their preferred healthcare providers and hospitals. SGIC pays a fixed amount for each covered benefit, regardless of the actual costs of medical expenses, providing policyholders with peace of mind and predictability when facing healthcare decisions.
"We understand that healthcare needs and financial situations are unique," says Katie Rudolph, Director of Product Development. "Our Limited Indemnity Medical Insurance offers flexible coverage and puts individuals in control of managing their healthcare expenses."
Key benefits of the plan include coverage for hospital stays, outpatient visits, diagnostic testing, and wellness services. As part of its comprehensive approach, coverage may include wellness care, emergency services, hospitalization, inpatient and outpatient surgery, imaging, and other diagnostic testing — offering a robust safety net for diverse medical needs.
As a trusted provider in the health insurance sector, Southern Guaranty Insurance Company remains committed to offering solutions that address evolving healthcare needs. The Limited Indemnity Medical plan is an example of SGIC’s dedication to providing practical, customizable options to help individuals protect themselves and their families.
About Southern Guaranty Insurance Company (SGIC)
Southern Guaranty Insurance Company (SGIC) offers a range of health insurance products tailored to meet the diverse needs of individuals, families, gig workers, and self-employed individuals — particularly those without access to traditional employer-sponsored health benefits.
Distinguishing itself in the insurance marketplace, SGIC provides customizable insurance solutions designed to adapt to different lifestyles and budgets. With a long history in the health insurance market, SGIC leverages its expertise to offer flexible plans that prioritize affordability and choice, allowing policyholders to select the coverage that best meets their needs.
In addition to offering comprehensive health insurance options, SGIC is dedicated to fostering positive change in the communities it serves. The company actively promotes employee and policyholder involvement in initiatives that contribute to safer, healthier, and more compassionate communities — highlighting its commitment to individual well-being and a better future for all.
by Mark Spencer | Nov 19, 2025 | Press Release
Southern Guaranty Insurance Company (SGIC) is proud to announce the official launch of its Fixed Indemnity Medical Plans — a solution designed to offer individuals and families financial protection with flexible, fixed benefits for healthcare expenses. As healthcare costs remain a significant concern, SGIC’s plan ensures policyholders have access to coverage options that fits their unique needs.
SGIC’s Fixed Indemnity Medical pays a fixed amount for each covered benefit, regardless of the actual costs of medical expenses. Policyholders have the freedom to choose any doctor or hospital, providing greater flexibility and peace of mind.
Key Features of the Fixed Indemnity Insurance Plans:
- Broad Provider Access: Freedom to visit any doctor or hospital without network restrictions.
- Predictable Benefits: Fixed benefit amounts are allocated for specific services, such as hospital stays, outpatient visits, and diagnostic testing.
- Coverage Highlights: Includes benefits for hospital stays, preventive care services, emergency care, diagnostic testing, and prescription savings programs.
- No Enrollment Restrictions: Individuals can enroll at any time without needing a qualifying event.
SGIC remains committed to addressing the diverse healthcare needs of individuals and families. By offering predictable benefits and flexible provider access, the Fixed Indemnity Insurance Plans are a valuable addition to its growing portfolio of health insurance solutions.
“We believe everyone deserves access to quality, affordable healthcare,” says Bryan Schmidt, COO. “At SGIC, we’re committed to providing flexible, customizable health insurance solutions that empower individuals to take control of their healthcare journey.”
About Southern Guaranty Insurance Company (SGIC)
Southern Guaranty Insurance Company (SGIC) offers a range of health insurance products tailored to meet the diverse needs of individuals and families — particularly those without access to traditional employer-sponsored health benefits.
Distinguishing itself in the insurance marketplace, SGIC provides customizable insurance solutions designed to adapt to different lifestyles and budgets. With a long history in the health insurance market, SGIC leverages its expertise to offer flexible plans that prioritize affordability and choice, allowing policyholders to select the coverage that best meets their needs.
Syndication: WGN, KDRV, CBS42, News10, AP News, Benzinga, News NE, AFVNews, SGIC
Important Information:
Please note that SGIC’s product offerings vary by state and are subject to specific terms, limitations, and availability. Clients are encouraged to review all policy details thoroughly and consult a licensed insurance agent for further information.
The information provided is a brief description of the important features of this insurance plan. It is not an insurance contract. Coverage is subject to eligibility requirements, and the policy terms and conditions will govern the actual benefits received. Deductibles, limits, waiting periods, and exclusions may apply. The plan described here does not constitute comprehensive health insurance (often referred to as “major medical coverage”) and does not satisfy a person’s individual obligation to secure the requirement of minimum essential coverage under the Affordable Care Act (ACA). For more information about the ACA, please refer to healthcare.gov.
* This is a solicitation of insurance.
by Mark Spencer | Nov 19, 2025 | Press Release
Clearwater, Florida, November 3, 2025 /PRNewswire/ — Southern Guaranty Insurance Company (SGIC) has emerged as a leading Insurance & Technology Company in the U.S., today announcing a new partnership with BenefitHub that broadens BenefitHub’s voluntary benefits offerings to its millions of members, making securing health insurance and retirement services easier than ever.
BenefitHub is a global leader in technology-driven employee perks and benefits, supporting the world’s largest companies in today’s rising cost environment. Through its new partnership with SGIC, BenefitHub adds enhanced insurance offerings, marketing support, and expanded distribution—combining online policy binding with white-glove concierge service—into its award-winning platform.
“As a recognized pioneer in employee benefits, our legacy is built on delivering best-in-class products and services to millions of employees and members worldwide,” said Jeffrey Litvack, Chief Executive Officer of BenefitHub. “Our partnership with SGIC strengthens our mission by expanding the range of exclusive benefits available to our members. We are committed to providing solutions that align with their budgets, lifestyles, and life stages.”
“We’re thrilled to partner with an industry trailblazer like BenefitHub and look forward to being an essential complement to the company’s offerings to millions of employees and members,” said SGIC, CRO Mark Chibbaro. “The integration of our education & application systems with BenefitHub’s world-class platform eliminates friction in the enrollment process while taking the mystery out of employee and member benefits.”
About SGIC
Southern Guaranty Insurance Company (SGIC) is a rapidly growing innovator in the Accident & Health (A&H) insurance marketplace. Known for its technology-driven approach and commitment to customer service, SGIC delivers tailored insurance solutions that meet the evolving needs of individuals and organizations across the United States.
About BenefitHub
BenefitHub is the leading cloud-based marketplace and platform for voluntary benefits and perks and is fully customizable to meet the unique needs of organizations. Trusted by five of the top ten largest employers in the U.S. and embraced by 36% of Fortune 50 companies, BenefitHub is deployed across more than 17,000 client organizations globally, serving over 10 million employees. Through BenefitHub, employees gain exclusive access to a diverse range of discounts, voluntary benefits, and perks, including millions of discounted event tickets, local deals, restaurant offerings, and special rates on essential services like cell phone plans and auto insurance. The marketplace includes over 300,000 vendor partnerships who enjoy privileged access to, and who connect with, our exclusive network of millions of engaged employees and buyers. BenefitHub is also endorsed and marketed by most of the top employee benefit brokers in the U.S.
