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.
Howden Re and Rivonia Road Capital expand financing for insurance professionals
3rd June 2025
Howden Re, the reinsurance, capital markets, and strategic advisory division of Howden, an insurance intermediary group, has formed a Strategic Cooperation Agreement with Rivonia Road Capital, a US-based credit investment firm. This collaboration is focused on delivering tailored financing solutions to insurance agents, brokers, and other industry participants, with a special ... Read the full article
Mangrove completes inaugural cat reinsurance program
3rd June 2025
Mangrove Property Insurance Company has finalised its catastrophe reinsurance program for the 2025 Atlantic hurricane season, protecting the firm and its policyholders to the 175-year return period and for events exceeding any in the historical record. The newly formed Florida insurer's reinsurance program, which exceeds all regulatory and rating agency requirements, ... Read the full article
Florida’s personal property insurance market sees first underwriting profit in eight years: AM Best
30th May 2025
Florida’s personal property insurance market reported a significant recovery in 2024, posting its first underwriting profit after eight consecutive years of losses, according to a recent AM Best report. The sector also recorded a substantial increase in pre-tax operating income, reflecting a notable improvement in financial performance. The AM Best Market Segment ... Read the full article
June renewals reflect market transitioning from disruption to disciplined recalibration: Howden Re
29th May 2025
Howden's global reinsurance, capital markets, and strategic advisory arm, Howden Re, has noted a continued moderation in property-catastrophe reinsurance pricing at 1 June 2025, while underwriting rigour reportedly persisted, especially in structurally challenged layers. According to a new report from Howden Re, following a selective return of capacity driven by historic ... Read the full article
LA wildfires won’t affect reinsurer appetite or growth plans at June 1: Guy Carpenter
29th May 2025
Discussing how the Florida-focused June reinsurance renewals are shaping up, Randy Fuller, Managing Director, Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has suggested the California wildfires in Q1 are not expected to have a meaningful impact on reinsurer appetites or growth plans. During a webinar hosted by AM Best, ... Read the full article
Slide secures its largest cat bond yet with $250m Purple Re
16th May 2025
Slide Insurance, a technology-enabled insurance firm, has finalised pricing for its $250 million Purple Re Ltd. (Series 2025-1) catastrophe bond, the fourth and largest issuance from the company to date. The firm confirmed that the Series 2025-1 cat bond was offered in two separate fully collateralised classes of $125 million, ... Read the full article
Arch CEO expects ‘flattish’ Florida reinsurance renewals with additional demand
30th April 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based insurer and reinsurer Arch Capital Group, said today that he expects the upcoming Florida reinsurance renewal season to be more flattish than what was seen at the April renewals, with additional demand from clients. Arch released a strong set of results yesterday ... Read the full article
Guy Carpenter CEO expects continuation of 1.4 trend at mid-year renewals
17th April 2025
Speaking during Marsh McLennan's Q1 2025 earnings call this afternoon, Dean Klisura, CEO of reinsurance broker Guy Carpenter, provided an outlook for the mid-year reinsurance renewals. Klisura indicated that he expects the trends seen during the January 1 and April 1 renewals to continue into the June 1 ... Read the full article
Aon expects over $7.5bn of additional US property cat reinsurance demand at mid-year renewals
2nd April 2025
As reinsurance capital continues to grow and keep pace with increasing demand from buyers, broking group Aon's Reinsurance Solutions arm expects more than $7.5 billion of additional US property catastrophe limit demand at the mid-year renewals. The June and July reinsurance renewals are key for the US property cat market, and ... Read the full article
Demotech assigns Financial Stability Rating of A to Mangrove
11th February 2025
Demotech, Inc., a rating agency and financial analysis firm, has assigned Mangrove Property Insurance Company (Mangrove) a Financial Stability Rating of A, Exceptional. Mangrove, a newly established Florida insurer led by Stephen Weinstein, was approved by the Florida Office of Insurance Regulation in January 2025 to provide property and casualty ... Read the full article
Weinstein leads Mangrove into Florida market following OIR approval
27th January 2025
Mangrove Property Insurance Company, a newly formed Florida insurer led by industry expert Stephen Weinstein, has been approved by Florida’s Office of Insurance Regulation (OIR) to provide property and casualty (P&C) insurance to the state's homeowners. Mangrove, reportedly established with the vision of providing sustainable, long-term P&C solutions tailored to the ... Read the full article
Security First & Embark to offer new homeowners insurance solution in Florida
23rd December 2024
Florida-domiciled insurers Security First Insurance and Embark MGA, have together launched a new HO5 homeowners' insurance program designed exclusively for new home builders for affordable, turnkey insurance options for home buyers. This policy combines enhanced coverage options tailored to the needs of Florida homeowners with the simplicity of embedding the insurance ... Read the full article
Guy Carpenter launches new parametric solutions research project for California & Florida
13th December 2024
Guy Carpenter, Marsh McLennan's reinsurance broking arm, has launched a new research project to explore using parametric insurance solutions to insure communities across California and Florida for wildfire and hurricane risks. The research is in collaboration with Guy Carpenter’s Parametric Advisory and Public Sector teams, the Institute of Environment at Florida ... Read the full article
Florida Citizens sees policy count drop below 1 million as state market stabilises
5th December 2024
With conditions in the Florida property insurance market reportedly continuing to improve, Citizens Property Insurance Corporation’s policy count has dipped below 1 million for the first time in more than two years. Florida’s property insurer of last resort has suggested that the reduced policy count is due in large part to ... Read the full article
Aon and Fathom launch new Florida Flood Model for state insurers to assess exposures
15th November 2024
Aon, a global professional services firm, has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) to launch its new Florida Flood v3.0 model statewide to assess flood exposures in the state and inform re/insurers' rate filings. Florida Flood v3.0 was developed by Impact Forecasting, Aon’s catastrophe model, ... Read the full article
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