Monarch National Insurance

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.

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

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

• Property insurance
• Homeowners insurance
• Dwelling fire insurance
• Condo insurance
• Renters insurance

Headquarters

HQ city

Fort Lauderdale

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. 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.
2. 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

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core 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

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and major.

• HP ManagingcoreStrategic or Co-development PartnerHP 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 FloodmajorChannel Partner/ Reseller/ DistributorTaurus 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 CompanymajorStrategic or Co-development PartnerViceroy 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

Broad 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

• Xx.com/MonarchNational
• Facebookfacebook.com/MonarchNational
• LinkedInlinkedin.com/company/monarch-national-insurance-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monarch National Insurance