Hippo Holdings Inc. has completed arrangements for its 2026 reinsurance program, effective June 1, 2026, ensuring meaningful protection, improving capital efficiency and introducing new features including full-account quota shares for enhanced flexibility, with the company describing the renewal as a “significant structural evolution.”
Hippo, a technology-native insurance group that leverages its carrier platform to diversify risk across personal and commercial lines, said its 2026 plan to move from program-level reinsurance placement to an integrated enterprise-level catastrophe structure better reflects its approach to managing a diverse insurance risk portfolio across its business.
The company’s catastrophe protection program provides first-event coverage limits of $513 million and total reinsurance coverage limits of $777 million.
Hippo explains that it reduces coverage by 15%–20% relative to the reinsurer’s risk-adjusted flat pricing, while reducing its net probable maximum loss (PML) by 31%-36% over payback periods from 20 to 100-year events.
According to the company, all participating reinsurers are rated A- (Excellent) or better by AM Best or are fully collateralized.
Hippo added: “The 2026 plan reflects a significant structural shift to integrate catastrophe reinsurance into enterprise-wide group structures that protect the entire business.
“This approach directly supports Hippo’s strategy to manage risk as a diversified portfolio across business lines, while also improving operational efficiency by reducing the number of individual renewal events.
“This evolution to portfolio-level management enables Hippo, for the first time, to set an entire account quota share to insure property and casualty plans, thereby increasing optionality for future growth.
“The plan also includes the previously disclosed renewal of Hippo Mountain Re’s catastrophe bonds to a three-year term, with the term expanded this year to include wildfires.”
Please find more information about the offering of Mountain Re Ltd. (Series 2026-1) in the Artemis Catastrophe Bond and Insurance Related Securities Exchange Directory.
Rick McCathron, President and CEO of Hippo Holdings, commented: “This update once again reflects the way we are building Hippo for today’s world – turbulence, rapid change, and ruthlessness for companies that cannot respond.
“Moving to a group catastrophe structure is the right structure for businesses that manage risk at a portfolio level rather than on a project-by-project basis. We have achieved meaningful protection, improved capital efficiency and introduced new tools such as whole account quota shares that provide us with the flexibility to grow.”
