American Integrity Insurance Group, a Tampa-based property and casualty insurance holding company, has fully implemented its 2026-2027 indemnity-based catastrophe excess loss reinsurance program for its insurance subsidiary American Integrity Insurance Company (AIIC), effective June 1, 2026.
The company said market conditions were favorable at renewal on June 1, supported by a well-capitalized reinsurance market, legislative reforms in Florida and a relatively calm 2025 hurricane season.
The program provides $2.25 billion in third-party catastrophe excess coverage for a single catastrophe event, while the total third-party limit for all events is $2.99 ​​billion, an increase of $409.1 million, or 15.8%, from the previous treaty year.
Total catastrophe reinsurance premiums issued for the 2026 treaty year are expected to be $430 to $440 million.
The first activity tower (including retention) is built around a 130-year payback period, broadly consistent with the previous year’s plan.
Despite an estimated 19% increase in effective exposure during the peak season, American Integrity said it was able to improve its net retention rate.
The reserve for the first event remains at $35 million. For named storms, the second event retention is reduced from $35 million to $20 million, with $10 million retained by AIIC and the balance retained by its independent captive reinsurer.
The net retention for the third event was reduced from $15.8 million to $10.0 million, while the net retention for the fourth event remained unchanged at $10.0 million and was retained by the AIIC. On a four-campaign basis, total net retention fell from $95 million to $75 million.
The former Florida first storm retention fund was also reduced from $35 million to $10 million.
The reinsurance program is structured to include traditional reinsurance, insurance-linked securities (ILS), Florida Hurricane Catastrophic Fund (FHCF) and captive reinsurers.
Traditional reinsurers are offering limits of $1.65 billion, up from $1.1 billion last year, and there is no substantial multi-year coverage in the segment.
The ILS segment includes a $565 million catastrophe bond issued in 2025, due in May 2027, and an additional $260 million of bonds issued in 2026 with improved pricing terms, due in May 2029.
The FHCF provides a limit of $572 million at a 90% participation level.
Jon Ritchie, President of American Integrity, commented: “I am pleased to announce the successful completion of our 2026-2027 catastrophe excess losses reinsurance program. This year’s placements benefited from significant risk-adjusted rate reductions at the high end of the U.S. real estate catastrophe market, with the public anticipating 15-20% price reductions for June 1 renewals, improved terms and conditions, and an improved net retention position.”
“As our premiums and exposures have continued to grow over the past year, we have increased our all-event third-party excess loss reinsurance limits by $409.1 million, or 15.8%, to $2.99 ​​billion over the 2025 treaty.”
