Technology-based insurance company Slide Insurance Holdings, Inc. has completed its 2026-2027 catastrophe excess loss reinsurance tower, securing a record total reinsurance of $5.463 billion.
This is a 65% increase from last year’s $3.304 billion. As part of this expansion, the airline significantly increased coverage for the first event to $3.981 billion, an increase of $1.424 billion from $2.557 billion in 2025-2026.
Despite the significant capacity growth, Slide has maintained retention discipline, with its first-campaign retention rate conservatively held at no more than 25% of projected pre-tax earnings.
This results in a maximum retention of $166.8 million for the first event (possible maximum loss of 100-year occurrence) and a maximum retention of $150 million for the second event (possible maximum loss of 100-year occurrence).
Additionally, the program has good capital diversification as Slide added 12 new markets and increased the multi-year underwriting limit on Purple Re’s catastrophe bonds to $780 million (from $660 million).
All reinsurers are rated AM Best “A-” or higher or are fully collateralized. The company’s reinsurance subsidiary Slide Re continues to participate on a selective basis.
Bruce Lucas, Chairman and Chief Executive Officer of Slide, said: “I am pleased to announce the completion of our 2026-2027 catastrophe reinsurance program. This update represents one of the strongest towers in Slide’s history. We have achieved meaningful improvements in both rates and terms while significantly expanding our total capacity.
“The continued support of our reinsurance partners, coupled with the positive impact of Florida’s 2022 legislative reforms, underscores the strength of our underwriting discipline and risk management strategy. This program further strengthens Slide’s financial resiliency and positions us to confidently support our policyholders through Florida’s peak hurricane season.”
Slide highlighted how the insurance company is increasing reinsurance buying to support its growth and finalizing a $1.86 billion reinsurance program for the 2024 Atlantic hurricane season to protect homeowners in Florida and South Carolina.
The 2026-2027 plan underscores Slade’s rapid growth trajectory in recent quarters and significantly bolsters its financial cushion as it enters the peak of storm season.
