American Integrity lifts reinsurance limit by 45% to $2.59bn amid premium and exposure growth

Florida headquartered property insurer American Integrity Insurance Group has completed the placement of its 2025-2026 catastrophe excess-of-loss reinsurance program, lifting the amount of limit secured by 45%, or $799 million year on year to $2.59 billion.

Effective June 1st, 2025, the reinsurance program provides the firm’s insurance subsidiary, American Integrity Insurance Company of Florida, Inc., with third-party coverage of $1.93 billion for a single catastrophic event, with total third-party coverage provided for all occurrences rising to $2.59 billion.

The program includes multi-year indemnity reinsurance coverage of $565 million secured from the capital markets via Integrity Re III Ltd. (Series 2025-1), the eighth and largest insurance-linked securities (ILS) transaction sponsored by the company.

The insurer’s net retention is $35 million for each of the first and second events with $10 million retained by American Integrity Insurance Company of Florida and an additional $25 million retained by the company’s segregated cell captive reinsurer. The company’s net retention for the third and fourth event falls to $15.8 million and $10 million, respectively, and is solely with American Integrity Insurance Company of Florida.

Consistent with the 2024 reinsurance program, the company’s Florida Hurricane Catastrophe Fund participation is 90%.

American Integrity reiterates that all of the program is indemnity based, with no parametric covers included for the 2025-2026 placement. All of the participating reinsurers were rated A- or better by AM Best or were required to post collateral up to 100% of all obligations to the firm.

The total incurred net consolidated catastrophe reinsurance premiums ceded to third parties are expected to total $433 million for the treaty year, up $96 million, or 28% over the 2024 treaty year estimate.

American Integrity states that the increase in reinsurance coverage and net retention associated with the cat XOL reinsurance program reflects its growth in written premium, exposure, and capital.

Robert Ritchie, CEO of American Integrity, commented: “I am pleased to announce the successful completion of our 2025-2026 catastrophe excess of loss reinsurance program. Due to the significant growth in premium and exposure we have experienced in the past year due to our robust voluntary writings and our participation in the fourth quarter 2024 and 2025 Citizens take-out programs, we have increased our reinsurance limit by $799 million to $2.59 billion. The placement is a combination of protection provided by traditional reinsurers, Insurance Linked Securities (“ILS”) investors, the Florida Hurricane Cat Fund and our captive reinsurer.”

“We are grateful for the ongoing support of the global catastrophe reinsurance community, who have been essential to Florida’s ability to withstand multiple catastrophic events in recent years,” added Jon Ritchie, President of American Integrity.