Reinsurance News
Florida reinsurance news
All of our Reinsurance News related to the Florida insurance marketplace, featuring news and analysis of the annual June renewal season, as well as Florida-specific stories.
US major hurricane landfall risk falls in 2026 outlook, but remains ‘far from negligible’: MS Amlin
18th June 2026
New analysis from insurer MS Amlin has suggested that there is a 27% probability of at least one Category 4 or Category 5 hurricane making landfall during the 2026 season, down from 39% a year ago, as strengthening El Niño conditions suppress Atlantic storm activity. Sam Phibbs, MS Amlin’s Head of ... Read the full article
Reinsurance pricing down 22.8% across Gallagher Re’s portfolio at June Florida renewal
17th June 2026
Reinsurance pricing declined by an average of 22.8% across Gallagher Re’s portfolio at the June 2026 Florida renewal, reflecting a sharp softening driven by abundant capacity, improved terms and conditions, and the continuing impact of 2022 legislative reforms, according to Adam Schwebach, the firm’s Head of North American Property. Providing an ... Read the full article
Aon promotes Hugo Carson to Greater Florida Market Leader
16th June 2026
Aon, a global re/insurance broker and risk advisor, has announced the promotion of Hugo Carson to Greater Florida Market Leader. Carson succeeds Brian Bark, who is now responsible for Aon's New York City Market. In his new role, Carson will lead the overall strategy, growth, and operations across Aon's Greater Florida market. ... Read the full article
$100bn+ loss event required to materially alter reinsurance pricing: Jefferies
11th June 2026
Analysts at Jefferies have suggested a major loss event exceeding $100 billion would likely be required to materially alter reinsurance market conditions, following a 15–20% decline in property catastrophe pricing at the June renewals. According to a new report from the firm, early forecasts point to a below-average hurricane season this ... Read the full article
Sypher Insurance Exchange receives Florida Certificate of Authority ahead of homeowners market entry
2nd June 2026
Sypher Insurance Exchange, a Tampa-based reciprocal homeowners insurance exchange, has received its Certificate of Authority from the Florida Office of Insurance Regulation and expects to begin writing homeowners insurance policies statewide later this summer. Subhashish Dutta, Founder and CEO of Sypher, noted that the firm brings a "fundamentally different" approach to ... Read the full article
Florida property cat reinsurance market ‘as strong as ever’, says Aon’s Chris Dittman
29th May 2026
Chris Dittman, Executive Managing Director and Florida Practice Leader at broking group Aon, views the Florida property catastrophe reinsurance market as the healthiest and most stable it has ever been, pointing to stronger balance sheets, solid underwriting performance, increased capital levels, and continued stabilisation following recent reforms. During AM Best’s Analytical ... Read the full article
T&Cs hold firm, catastrophe reinsurance rates down closer to 20% at mid-year renewals: KBW
29th May 2026
KBW, the investment bank and financial services research firm specialising in the insurance sector, has indicated a more challenging mid-year catastrophe reinsurance renewal environment for sellers, with pricing reductions nearer 20% than 15%, particularly for Florida-focused business, while terms and conditions (T&Cs) are seen as largely holding firm. This conclusion was ... Read the full article
Universal adds $352m of multi-year coverage for 2026–2027 reinsurance program
29th May 2026
Universal Insurance has announced the completion of the combined 2026–2027 reinsurance program for its wholly owned insurance company subsidiaries, effective June 1, 2026. Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC), the two subsidiaries, set the top of the combined reinsurance tower for ... Read the full article
Legal reforms and disciplined underwriting combine to restore confidence in Florida’s property market: Guy Carpenter
28th May 2026
A new report from Guy Carpenter, a business of Marsh, found that legal reforms, stronger building resilience and disciplined underwriting have helped restore capital and confidence in Florida’s property market, with risk-adjusted property catastrophe pricing at the June renewals generally down 15%–20% across many layers and Florida clients securing more ... Read the full article
AM Best reports strong recovery for Florida property insurers as market conditions improve
20th May 2026
AM Best, the international credit rating agency and insurance industry analytics provider, has reported a significant turnaround in the financial performance of Florida-based personal property insurers, with the sector generating close to $1 billion in underwriting profits after recording a $132 million underwriting loss two years earlier. The findings were published ... Read the full article
Cotality report highlights growing hurricane and flood exposure across major US housing markets
20th May 2026
Cotality, a global provider of property information, analytics and technology-enabled data solutions, has published new research showing that New York has the largest concentration of homes exposed to hurricane-related risks in the United States. In its 2026 Hurricane Risk Report, Cotality estimates that more than 3.27 million homes across New York ... Read the full article
Florida market DPW rises 1.3% at year end 2025: Gallagher Re
22nd April 2026
The overall Florida insurance market reported a 1.3% year-on-year increase in direct premiums written (DPW) to $33.3 billion at year-end 2025, according to Gallagher Re’s Florida Market Watch Report. The report showed that Florida Specialists (excluding ANTSP) saw DPW increase by 13.5% to $22.2 billion compared to year-end 2024, with growth ... Read the full article
Citizens rates fall as policy count decline drives lower reinsurance demand
5th March 2026
Rates are continuing to fall at Citizens Property Insurance Corporation, reflecting a shrinking exposure base as policy counts decline and Florida’s property insurance market stabilises. Regulators approved an average 8.8% rate reduction for homeowners multiperil policyholders this week, with wind-only customers seeing an average 5.5% cut, as the Florida Office of ... Read the full article
Universal advances 2026 reinsurance programme amid Florida market confidence
26th February 2026
Universal Insurance Holdings, the parent company of Florida-focused personal residential insurer Universal Property & Casualty Insurance Company, is taking a proactive approach to secure its catastrophe coverage for the coming years, reflecting a strong capital position and confidence in market conditions. Chief Executive Officer Stephen J. Donaghy said the company is ... Read the full article
Reinsurers show strongest engagement with Florida carriers in years: Schwebach, Gallagher Re
17th February 2026
As reinsurers adjust their risk assessment models in Florida following much needed reforms, the cautious part of cautious optimism is fading and sellers are proactively engaging with Florida carriers, according to Adam Schwebach, Gallagher Re. In an interview with Reinsurance News, Schwebach, Head of Property North America at reinsurance broker Gallager ... Read the full article
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