American Integrity Insurance Company renewed a meaningful $799 million increase in reinsurance limit this year, helped by its latest and largest catastrophe bond to-date, resulting in a reinsurance tower that now extends to $2.59 billion and features more cat bond protection.
Robert Ritchie, CEO of American Integrity, said, “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.”
American Integrity’s 2025/26 reinsurance tower provides $1.93 billion of single event limit from third-parties, while total third-party coverage for all occurrences is $2.59 billion. That’s an increase of $799 million, or 45%, over the 2024 reinsurance renewal tower.
While the amount of reinsurance limit renewed rose by 45%, premiums ceded are set to rise only 28%, to $433 million for the treaty year, an increase of $96 million on 2024.
The $565 million Integrity Re III Ltd. (Series 2025-1) catastrophe bond that American Integrity sponsored back in March, its eighth and largest cat bond sponsorship to-date, adds meaningful multi-year reinsurance protection for the company.
The insurer will have a $35 million retention for first and second events with $10 million retained by American Integrity Insurance Company of Florida, Inc and an additional $25 million retained by its segregated cell captive reinsurer.
The net retention for third and fourth events drops to $15.8 million and $10 million respectively and is solely with the Florida underwriting company.
American Integrity explained that it is premium, exposure and capital growth that drove the need for more reinsurance in 2025, as well as the increase to its retention.
Jon Ritchie, President of American Integrity, further stated, “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.”
With some of its catastrophe bond protection maturing in early June, American Integrity will go into the hurricane season with the cat bond market contributing $870 million of multi-peril reinsurance protection.
Which is an increase on the prior year, thanks to the largest cat bond it has sponsored to-date being issued in 2025.
Details of every cat bond from American Integrity Insurance can be found in our Deal Directory
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