Tampa-based property and casualty insurance holding company American Integrity Insurance Group has fully placed its 2026–2027 indemnity-based catastrophe excess of loss reinsurance programme for its insurance subsidiary, American Integrity Insurance Company (AIIC), effective June 1, 2026.
The firm described market conditions at the June 1 renewal as favourable, supported by a well-capitalised reinsurance market, Florida legislative reforms, and a relatively quiet 2025 hurricane season.
The programme provides $2.25 billion of third-party catastrophe excess of loss coverage for a single catastrophic event, while the total third-party limit across all occurrences is $2.99 billion, representing an increase of $409.1 million, or 15.8%, versus the prior treaty year.
Total ceded catastrophe reinsurance premiums for the 2026 treaty year are expected to be $430–$440 million.
The first-event tower, including retentions, is structured around a 1-in-130-year return period, broadly consistent with the prior year programme.
Despite an estimated 19% increase in peak-season in-force exposure, American Integrity said it was able to improve its net retention profile.
The first-event retention remains $35 million. The second-event retention decreases from $35 million to $20 million for named storms, with $10 million retained by AIIC and the balance retained by its segregated cell captive reinsurer.
The third-event net retention decreases from $15.8 million to $10 million, while the fourth-event retention remains unchanged at $10 million, retained by AIIC. On a four-event basis, aggregate net retention declines from $95 million to $75 million.
The ex-Florida first-storm retention also decreases from $35 million to $10 million.
The reinsurance programme is structured across traditional reinsurance, insurance-linked securities (ILS), the Florida Hurricane Catastrophe Fund (FHCF), and a captive reinsurer.
Traditional reinsurers provide $1.65 billion of limit, up from $1.1 billion in the prior year, with no material multi-year coverage in that tranche.
The ILS component includes $565 million of catastrophe bonds issued in 2025, which expire in May 2027, and an additional $260 million issued in 2026 on improved pricing terms, expiring in May 2029.
The FHCF provides $572 million of limit at a 90% participation level.
Jon Ritchie, President of American Integrity, commented, “I am pleased to announce the successful completion of our 2026-2027 catastrophe excess of loss reinsurance program. This year’s placement benefits from meaningful risk-adjusted rate reductions at the upper end of a US property catastrophe market that was publicly expected to be priced down 15-20% for June 1 renewals, improved terms and conditions, and an improved net retention profile.
“Due to the continued growth in premium and exposure that we have experienced over the past year, we have increased our total third-party excess of loss reinsurance limit for all occurrences by $409.1 million, or 15.8%, to $2.99 billion, over the 2025 treaty.”
