American Integrity Insurance Group said it has fully placed its catastrophe excess of loss reinsurance program for the 2026-2027 treaty year, securing expanded protection, lower retentions on later events and favorable pricing conditions as it heads into the new hurricane season.
The Tampa-based residential property insurer said the indemnity-based program for its insurance subsidiary, American Integrity Insurance Company, became effective June 1, 2026. The company described the placement as benefiting from improved terms and conditions, meaningful risk-adjusted rate reductions at the upper end of the US property catastrophe market and a stronger net retention profile.
President Jon Ritchie said the program was completed against a backdrop of softer market conditions for June 1 renewals. He said American Integrity had increased its total third-party excess of loss reinsurance limit for all occurrences by $409.1 million, or 15.8%, to $2.99 billion, reflecting continued growth in premium and exposure over the past year.
Under the new structure, the program provides $2.25 billion of third-party coverage for a single catastrophic event. American Integrity said the first event tower, including retentions, remains equal to a one-in-130-year return period, consistent with last year’s arrangement. The total incurred net consolidated catastrophe reinsurance premiums ceded to third parties are expected to be between $430 million and $440 million for the 2026 treaty year.
The company said it used the favorable market backdrop to reduce net retention exposure despite an estimated 19% increase in peak-season in-force exposure compared with the prior-year treaty. First-event retention remains flat at $35 million, while second-event retention for named storms falls from $35 million to $20 million, with $10 million retained by AIIC and the remainder by the company’s segregated cell captive reinsurer. Third-event and fourth-event net retentions also improve, with aggregate retention in a four-event hurricane season reduced from $95 million to $75 million. The ex-Florida first storm retention was also cut from $35 million to $10 million.
American Integrity said the roughly $3 billion placement combines protection from traditional reinsurers, insurance-linked securities investors, the Florida Hurricane Catastrophe Fund and its captive reinsurer. The company added that the entire program is indemnity-based, with no parametric covers, and that all participating reinsurers were rated A- or better by AM Best or were required to fully collateralize their obligations.
The traditional reinsurance market accounts for $1.65 billion of limit, up from $1.1 billion a year earlier. The ILS component includes $565 million of catastrophe bonds issued in 2025 and an additional $260 million of catastrophe bonds issued in 2026 at what the company said was more favorable pricing. The Florida Hurricane Catastrophe Fund contributes another $572 million of limit with 90% participation.
The completed placement gives American Integrity a larger and more diversified catastrophe protection program as it continues to expand in Florida’s residential property market.
