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.
Reinsurance access remains critical to Florida market’s stability, says Morningstar DBRS
23rd September 2026
A new report from Morningstar DBRS has suggested that, given Florida's significant hurricane exposure, continued access to "affordable and readily available" reinsurance will remain critical to the market's long-term stability and financial strength. "Florida's residential property insurance market has undergone a significant transformation after the severe disruption it experienced between 2020 ... Read the full article
Population growth and asset concentration push Florida hurricane risk to $300bn: Swiss Re
16th September 2026
New research from Swiss Re Institute has suggested a category 5 hurricane striking Miami or Tampa Bay today could generate insured losses of $300 billion or more, underscoring how population growth and rising asset concentration in exposed areas are driving up the potential for insured natural catastrophe losses worldwide. The findings ... Read the full article
American Coastal removes fixed end date from AmRisc distribution agreement
15th September 2026
American Coastal Insurance Corporation, the insurance holding company behind American Coastal Insurance Company (AmCoastal), has revised its exclusive managing agency agreement with AmRisc, LLC (AmRisc), extending the framework for the companies’ long-standing distribution and underwriting relationship. The amended agreement took effect on 1 July 2026 and replaces the previous fixed expiry ... Read the full article
Kin reduces Florida home insurance rates by more than 20%
14th September 2026
Kin, a provider of insurance solutions for homeowners, has announced that it has reduced its homeowners insurance rates by an average of more than 20% for new and existing Florida policyholders in Broward, Miami-Dade, and Palm Beach counties, amid reforms and a softening re/insurance market. Angel Conlin, Chief Insurance and Compliance ... Read the full article
Reinsurers expanded options, embraced flexible structures at US property mid-year renewals: Aon
3rd July 2026
Global professional services firm Aon says reinsurers were increasingly willing to offer more flexible structures and broader coverage options during the US property mid-year 2026 renewals, allowing insurers to enhance protection and make greater use of tailored reinsurance solutions as market conditions remained favourable for buyers. In its Reinsurance Market Dynamics ... Read the full article
Florida insurers secure additional $5-$7bn reinsurance coverage at mid-year renewals: Aon
2nd July 2026
Florida’s insurers entered mid-year renewals from a position of strength, securing an additional $5-$7 billion of reinsurance coverage as ample supply was more than adequate to meet increased demand, according to Aon's recent Reinsurance Market Dynamics report. In addition to a stronger balance sheet, Florida insurers began the mid-year renewals with ... Read the full article
Ample capacity drives Florida Citizens’ 2026 risk transfer program amid strong cat bond demand
24th June 2026
Final lines for Florida Citizens Property Insurance Corporation's 2026 risk transfer program reveal that insurance-linked securities (ILS), catastrophe bonds and collateralised markets continue to dominate the insurer's protection purchases, with identifiable third-party capital backing more than half of the traditional reinsurance placement and almost 90% of the overall tower. Two days ... Read the full article
Florida Citizens renews $2.82bn catastrophe program amid up to 30% rate decline
22nd June 2026
Florida’s Citizens Property Insurance Corporation has revealed it has placed its 2026 private risk transfer program of $2.82 billion. Of the total, approximately $691 million is in the traditional reinsurance market and $2.13 billion in the capital markets, resulting in an overall weighted-average net rate-on-line (ROL) of 9.52%. The program comprises $1.29 ... Read the full article
Stand expands Florida presence with launch of voluntary hurricane insurance product
22nd June 2026
Stand, a property insurance and risk mitigation company that uses advanced modelling to assess catastrophe exposure at the individual home level, has introduced its first voluntary hurricane insurance product in Florida. The launch marks an expansion of the company's activities in the state and reflects its strategy of linking insurance pricing ... Read the full article
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
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