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.
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
Florida homeowners to benefit from significant insurance premium reduction: Governor DeSantis
13th January 2026
Governor Ron DeSantis, the 46ᵀᴴ Governor of Florida, has announced statewide insurance rate relief for homeowners, with Citizens Property Insurance policyholders expected to see premium reductions beginning in Spring 2026 at policy renewal. The Executive Office of the Governor is responsible for overseeing state policy, administration, and public communications on behalf ... Read the full article
Florida property insurance market shows strong recovery, ALIRT reports
16th December 2025
ALIRT, a provider of insurance market research and analysis, recently released its annual review of the Florida domestic property insurance market, highlighting the overall state of the market following tort reforms. According to ALIRT, the Florida property market has shifted dramatically from its near-collapse in 2022, when rampant litigation abuse, soaring ... Read the full article
We can show unequivocally that Florida’s insurance market has stabilised: Mike Yaworsky
5th December 2025
Speaking recently at the 2025 Florida Chamber Insurance Summit, the state's Insurance Commissioner, Mike Yaworsky, emphasised the importance of tort reforms and the positive impact on Florida's insurance market, but warned against turning back the clock. Florida enacted major insurance reforms in 2022 and 2023 to stabilise the troubled marketplace by ... Read the full article
Reinsurance rates seen down 10-15% ahead of Jan 1: Florida Chamber panel
5th December 2025
Chris Dittman, Head of Florida Strategy at Aon’s Reinsurance Solutions, said recently that as expected, reinsurance supply continues to outpace demand ahead of the key January 1st, 2026, renewals, with the broker seeing rate decreases of between 10% and 15%. Dittman's comments came from a session on day one of the ... Read the full article
Florida reforms underpin strong Q3’25 results for American Integrity
12th November 2025
Tampa-based property and casualty insurance holding company, American Integrity Insurance Group, has disclosed gross premiums written of $239.1 million in Q3 2025, an increase of 48.5% compared to the same quarter of 2024. Meanwhile, gross premiums earned in Q3 2025 rose 34.2% to $221.9 million from $165.4 million a year earlier, ... Read the full article
Stand secures $35m Series B to support Florida expansion
22nd October 2025
Stand, a homeowners insurance provider for properties in high-risk areas, has raised $35 million in a Series B funding round, which will support the company’s expansion into the Florida market. This funding round was led by Eclipse, alongside previous investors Inspired Capital, Lowercarbon Capital, and Equal Ventures. Since its launch just over ... Read the full article
We’re encouraged by strong focus on discipline and transparency: Swiss Re’s Ningen
6th October 2025
In a recent interview with Reinsurance News, Monica Ningen, CEO of Property & Casualty Reinsurance for the US at Swiss Re, one of the world's largest reinsurers, shared her perspective on the US reinsurance market and highlighted reasons for optimism amid ongoing challenges. Reflecting on current conditions, Ningen said, “The US ... Read the full article
American Integrity Insurance introduces commercial residential property programme in Florida
3rd October 2025
American Integrity Insurance Group, Inc., a property insurance provider in the Southeast, has announced the launch of its new Commercial Residential Property Programme. The initiative is designed to offer comprehensive protection for condominium associations, townhome associations, and homeowners associations throughout Florida. This expansion into commercial lines comes on the heels of the ... Read the full article
Florida’s property re/insurance market rebounds following tort reform: Gallagher Re
26th September 2025
Gallagher Re, a global reinsurance brokerage and risk advisory firm, reports that Florida’s property insurance market is experiencing a significant resurgence, driven largely by recent tort reforms that have restored confidence among carriers, reinsurers, and capital providers. According to Gallagher Re’s analysis, the most tangible sign of this recovery was the ... Read the full article
Florida’s Praxis Reciprocal Exchange obtains OIR license
23rd September 2025
A newly established Florida domiciled property insurer, Praxis Reciprocal Exchange (PRE), has received its certificate of authority from the Florida Office of Insurance Regulation (OIR). PRE will operate as a reciprocal insurer, owned by its policyholders and managed by Pre Risk Management, LLC as its Attorney-in-Fact. With licences secured, the carrier ... Read the full article
Commissioner Yaworsky penalises insurers $2m+ for misconduct during hurricanes
4th September 2025
Florida’s Insurance Commissioner Mike Yaworsky is penalising eight insurers a combined $2,075,000 for claims-handling violations identified during market conduct examinations for Hurricanes Ian and/or Idalia. Examinations uncovered several instances of misconduct, including using adjusters not properly appointed, failing to acknowledge receipt of claims communications in a timely manner, not including certain ... Read the full article
Florida MGA Crestwell Underwriters launches with investment from Bain Capital
26th August 2025
A newly established, Florida property insurance-focused managing general agent (MGA), Crestwell Underwriters, LLC, has launched with significant capital support from Bain Capital. Initially, Crestwell will offer admitted, property-only insurance for condominium associations based in the state, providing coverage at a competitive price and backed by a disciplined, data-driven approach towards underwriting. ... Read the full article
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