Monarch National Insurance
Monarch National Insurance is a Florida-licensed residential property carrier offering HO-3, DP-3, HO-6, and HO-4 policies to Florida homeowners, landlords, condo owners, and renters through independent agents and the Citizens depopulation program.
- Company typePrivate
- Founded2015
- HeadquartersFort Lauderdale, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Monarch National Insurance does
Monarch National Insurance Company is a Florida-domiciled property and casualty carrier founded in 2015 and headquartered in Tallahassee (with a Fort Lauderdale mailing footprint). It underwrites residential property insurance exclusively in Florida across four core product lines: HO-3 homeowners, DP-3 dwelling fire (rental and non-owner-occupied), HO-6 condominium, and HO-4 renters. Flood insurance is offered via referral to partner Taurus Flood, and hurricane mitigation discounts are available on the wind portion of premiums. The company is majority-owned by Hale Partnership Capital Management following a $15 million investment in May 2022, after which Monarch assumed approximately 83,000 policies from FedNat Holding Co. as part of FedNat's hurricane-driven restructuring and subsequent liquidation.
Monarch operates an insurance technology platform comprising a customer self-service portal, an agent portal for independent agents, a 24/7 digital claims intake system, and a Silvervine-powered payment portal, with home self-inspections handled via partner Chr Technologies. Distribution is anchored on independent insurance agents managed through affiliated Managing General Agent HP Managing, supplemented by direct website quote requests and automatic policy assumption through Florida's Citizens Insurance depopulation program. The carrier holds a Demotech A (Exceptional) financial stability rating, reaffirmed December 2025.
The revenue model is subscription-based premium income from annual policy billing, supplemented by affiliate referral fees from Taurus Flood. Core customer segments are Florida homeowners and landlords, with secondary segments of condo owners, renters, and Citizens depopulation transfers. Sister carrier Viceroy Preferred Insurance received Florida OIR approval in August 2025 to write homeowners multiperil and dwelling fire, signaling group-level expansion under shared HP Managing infrastructure.
Monarch National Insurance firmographics
Firmographics- Name
- Monarch National Insurance
- Legal name
- Monarch National Insurance Company
- Website
- https://monarchnational.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Monarch National Insurance is a Florida-licensed residential property carrier offering HO-3, DP-3, HO-6, and HO-4 policies to Florida homeowners, landlords, condo owners, and renters through independent agents and the Citizens depopulation program.
- Ownership category
- akta.pro rank
Monarch National Insurance industry classification
Industry- Product category
- Florida Property Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Homeowners Insurance (FSAJACAA)
- akta.pro secondary industries
- Landlord / Dwelling Fire (DP) Insurance (FSAJACAD), Condominium (HO-6) Insurance (FSAJACAC), Flood Insurance (FSAJACAG), Commercial Property Insurance (FSAJACAE)
Keywords
Where Monarch National Insurance is headquartered
LocationHeadquarters
- HQ city
- Fort Lauderdale
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Monarch National Insurance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Others
Revenue model
- Property Insurance Premiums: Monarch generates revenue through annual and multi-year insurance policy premiums. The company offers homeowners (HO-3), dwelling fire (DP-3), condo (HO-6), and renters (HO-4) insurance policies with premiums collected on a recurring annual or monthly basis. Pricing is competitive within 20% of Citizens Insurance rates for depopulation policies.
- Flood Insurance Referrals: Monarch offers flood insurance through partner Taurus Flood, generating referral revenue when customers purchase flood coverage. This is a complementary product offering that extends coverage options for policyholders.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | HO-3 Homeowners Insurance - Standard policy for Florida homeowners |
| Subscription | Annual | DP-3 Dwelling Fire Insurance - Coverage for rental and non-owner-occupied properties |
| Subscription | Annual | HO-6 Condo Insurance - Condominium unit owners coverage |
| Subscription | Annual | HO-4 Renters Insurance - Personal belongings protection for renters |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Monarch National Insurance product offering
Product offeringCore offering
Monarch National Insurance underwrites and sells Florida residential property insurance products directly and through independent agents. Its core product lineup includes HO-3 Homeowners Insurance, DP-3 Dwelling Fire Insurance for rental/non-owner-occupied properties, HO-6 Condo Insurance, and HO-4 Renters Insurance. The company also distributes flood insurance via partner Taurus Flood and offers hurricane mitigation discounts tied to certified wind inspections.
Product overview
Monarch National Insurance Company is a Florida-focused property insurance provider offering a portfolio of homeowners, dwelling fire, condo, and renters insurance products through independent agents. The core product lineup consists of HO-3 Homeowners Insurance (for owner-occupied homes), DP-3 Dwelling Fire Insurance (for rental and non-owner-occupied properties), HO-6 Condo Insurance, and HO-4 Renters Insurance. Flood insurance is provided through partner Taurus Flood. The company also offers hurricane mitigation discounts as an add-on program. Products are distributed via customer and agent web portals, with claims processing available 24/7. Monarch has over 9 years of experience in the Florida insurance market since 2015.
Differentiator
Problem solved
Functional benefit
Products and services
- HO-3 Homeowners Insurance
Quantifiable outcome
- Demotech A (Exceptional) Financial Stability Rating - indicates financial strength to resolve claims
- +2 more outcomes
Companies that use Monarch National Insurance
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles5 records
Monarch National Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Monarch National Insurance partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and major.
- HP ManagingcoreHP Managing is the Managing General Agent (MGA) for Monarch National Insurance and Viceroy Preferred Insurance Company. The company focuses on creating exceptional insurance products and provides agency resources, territory management, and operational support for the insurers.
- Taurus FloodmajorTaurus Flood provides flood insurance products for Monarch policyholders. Monarch refers customers to Taurus Flood for flood coverage and claims handling. Taurus Flood manages all flood policy servicing, payments, and claims through their separate customer portal.
- Viceroy Preferred Insurance CompanymajorViceroy Preferred Insurance Company is a sister company to Monarch National Insurance, also managed by HP Managing. Both companies share distribution infrastructure and management team, with David Lockhart serving as president of both. Viceroy holds 90,000 of 500,000 shares held by Monarch stakeholders in the new company.
Scale indicators4 records
Recent moves8 records
Expansion highlights5 records
Monarch National Insurance competitors and assessment
Company assessmentBroad incumbents
- Citizens Property Insurance Corporation: Florida's state-backed residual market insurer and the largest property writer in the state. Relevant because Monarch participates in Citizens' depopulation program, accepting policies directly from Citizens' book at near-Citizens pricing.
- American Strategic Insurance (ASI): Large multi-state personal property insurer (Progressive subsidiary) with significant Florida homeowners exposure. Comparable products but broader geographic diversification versus Monarch's Florida-only book.
Direct peers
- Heritage Property & Casualty Insurance: Florida-focused homeowners and dwelling fire carrier serving similar homeowner and rental property segments through independent agents. Direct competitor in the Florida personal property insurance market with overlapping product mix (HO-3, DP-3).
- Universal Property & Casualty Insurance Company: Florida-domiciled property insurer offering homeowners, condo, and renters policies through independent agents. Highly comparable business model, product portfolio, and geographic concentration to Monarch.
- Florida Peninsula Insurance Company: Florida-only homeowners insurance specialist using independent agents. Direct overlap with Monarch on HO-3, DP-3, and HO-6 products and similar Citizens depopulation participation.
- Tower Hill Insurance Group: Florida-based personal lines property insurer offering homeowners, condo, and renters products through independent agents. Direct competitor in Monarch's core Florida personal property book.
- People's Trust Insurance Company: Florida-focused homeowners insurer with proprietary direct-to-consumer and agent distribution. Comparable Florida-only property underwriting model and digital self-service portal approach.
- Slide Insurance: Florida homeowners specialist using independent agents and aggressive digital marketing. Comparable single-state Florida property model targeting displaced Citizens policyholders.
- Security First Insurance Company: Florida homeowners-only property carrier using independent agents, and former employer of Monarch's President/CFO David Lockhart. Operates with comparable product mix and Florida-only underwriting discipline.
Emerging players
- Prepared Insurance (a Kin company): Florida-focused property insurer leveraging Kin's technology platform. Comparable single-state residential focus with newer digital-native distribution serving similar Florida homeowner segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Monarch National Insurance social profiles
Digital presenceMonarch National Insurance compliance and trust
Trust signalCompliance1 record
Monarch National Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Monarch National Insurance leadership team
Management profileNumber of profiles
Profiles2 records
Monarch National Insurance subsidiaries and ownership
Company hierarchySubsidiaries1 record
Monarch National Insurance funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Monarch National Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Monarch National Insurance
What does Monarch National Insurance do?
Monarch National Insurance underwrites and sells Florida residential property insurance products directly and through independent agents. Its core product lineup includes HO-3 Homeowners Insurance, DP-3 Dwelling Fire Insurance for rental/non-owner-occupied properties, HO-6 Condo Insurance, and HO-4 Renters Insurance. The company also distributes flood insurance via partner Taurus Flood and offers hurricane mitigation discounts tied to certified wind inspections.
Is Monarch National Insurance a public or private company?
Monarch National Insurance is a private company. It is classified as private equity controlled and is currently operating.
When was Monarch National Insurance founded?
Monarch National Insurance was founded in 2015. It employs 51 to 100 people.
Where is Monarch National Insurance based?
Monarch National Insurance is headquartered in Fort Lauderdale, United States, in the North America region.
How does Monarch National Insurance make money?
Two revenue lines are on record. Property Insurance Premiums are the primary driver. The others are flood Insurance Referrals.
Who are Monarch National Insurance's main competitors?
Broad incumbents on record are Citizens Property Insurance Corporation and American Strategic Insurance (ASI). Direct peers are Heritage Property & Casualty Insurance, Universal Property & Casualty Insurance Company, Florida Peninsula Insurance Company, Tower Hill Insurance Group, People's Trust Insurance Company, Slide Insurance and Security First Insurance Company. Prepared Insurance (a Kin company) is listed as an emerging player.
Does Monarch National Insurance have an API?
No public API is recorded for Monarch National Insurance.
What industry is Monarch National Insurance in?
Monarch National Insurance's product category is Florida Property Insurance. Its primary akta.pro industry code is FSAJACAA, Homeowners Insurance, with a secondary code of FSAJACAD, Landlord / Dwelling Fire (DP) Insurance. Its NAICS code is 524126 and its SIC code is 6331.