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.
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
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
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