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.
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
HCI is well positioned in a competitive Florida market: COO Karin Coleman
13th August 2025
Karin Coleman, Chief Operating Officer (COO) at HCI Group, described the environment in Florida as a healthy one, stating that the company is well-positioned in a competitive market with strong capital, as well as “the people and the technology to make the right decisions.” During HCI Group's Q2 2025 earnings call, ... Read the full article
RenRe built one of its largest & most profitable property cat portfolios at mid-year renewal: CEO O’Donnell
24th July 2025
Bermuda-based reinsurer RenaissanceRe (RenRe) had a strong mid-year renewal and constructed one of its largest and most profitable net retained property catastrophe portfolios, with the firm's President and Chief Executive Officer (CEO), Kevin O'Donnell, revealing that 80% of Florida premium the company wrote was at private terms above market rates. Speaking ... Read the full article
Mid-year renewals shows reinsurers now eager to expand in Florida: Gallagher Re
2nd July 2025
According to reinsurance broker Gallagher Re’s 1st View mid-year renewal report, recent legislative reforms in the State of Florida encouraged reinsurers to write across the board at the mid-year renewals, in hopes of maintaining their market share on programmes. The reforms, signed into law in late December 2022, have successfully ... Read the full article
Florida insurance market expands with two new companies amid continued stabilisation
30th June 2025
Florida Insurance Commissioner Mike Yaworsky has announced the addition of two new insurance companies approved to write residential policies in the state, reflecting continued progress in Florida’s insurance market. Since major legislative reforms were enacted, the market has stabilised and expanded, now including 14 new insurers operating within Florida. The state’s domestic ... Read the full article
Citizens CEO hails ‘tremendous’ impact of reforms on Florida’s property insurance market
26th June 2025
Tim Cerio, President, CEO, and Executive Director of Citizens Property Insurance Corporation, has suggested that Florida’s property insurance market is strong and well on the path to recovery, largely due to legislative reforms enacted in 2022. According to Cerio, the firm continues to benefit from improving market conditions driven by recent ... Read the full article
Aon receives approval for updated Florida hurricane catastrophe model
19th June 2025
Aon, a global insurance and reinsurance broking group, has received certification for its updated Florida hurricane model from the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) for ratemaking in the state. The updated model is developed by Aon’s Impact Forecasting team and incorporates the latest research and technology, which aims ... Read the full article
Kin secures $1.4bn Florida reinsurance coverage at June 1 amid market expansion
17th June 2025
Kin Insurance has revealed that the reciprocal exchanges it manages, Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, have completed their reinsurance programs for the period of June 1, 2025, through May 31, 2026. For Florida, Kin has secured $1.4 billion in reinsurance protection against natural catastrophes, reinforcing its commitment to ... Read the full article
Gallagher Re sees signs of recovery in Florida’s insurance market
13th June 2025
According to the 2024 Year-End Florida Market Watch Report released by reinsurance broker Gallagher Re, Florida’s property insurance market ended the year showing progress across several key financial indicators despite ongoing underwriting pressure. Drawing from statutory data provided via S&P Global Market Intelligence, Gallagher Re’s analysis highlights both improvement in capital ... Read the full article
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
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