Universal subsidiaries complete $2.526bn reinsurance program for 2025–2026

Universal Insurance Holdings’ wholly-owned insurance subsidiaries have completed their combined reinsurance program for the 2025–2026 period, setting the top of their reinsurance tower for a single All States event (including Florida) at $2.526 billion.

This represents an increase of $110 million compared to the 2024–2025 program. The new coverage, which applies to both Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC), takes effect on June 1, 2025.

Meanwhile, to reportedly further insulate future years, UPCIC and APPCIC have also secured $352 million of catastrophe capacity with contractually agreed limits that extend coverage to include the 2026-2027 treaty period, of which $277 million of the capacity sits below the Florida Hurricane Catastrophe Fund attachment point and $75 million sits above the Florida Hurricane Catastrophe Fund layer.

“As of March 31, 2025, Florida represents less than 50% of the Company’s total insured values of the states exposed to the 2025 Atlantic hurricane season. The insurance entities’ combined $45 million All States (including Florida) first event retention remains unchanged from the prior year,” Universal explained.

Matthew J. Palmieri, Chief Risk Officer, commented, “We are pleased to announce the completion of the 2025-2026 reinsurance program for our insurance companies.

“2024 was an active hurricane year in Florida and the southeast overall, most notably including Hurricanes Helene and Milton. As always, our reinsurance partners responded with unwavering support, providing the liquidity needed to help our policyholders restore their homes and their lives.

“We are well prepared for the 2025 Atlantic hurricane season, with another strong reinsurance program and were able to add more traditional market multi-year capacity, which goes through the 2026-2027 treaty period.”